C2SAT, Seanet Sign Agreement

Thursday, October 30, 2008

Seanet will focus on the business area's maritime GSM services which the company received several new orders for in autumn. Seanet announced recently that the company aimed to focus and concentrate on maritime GSM services, and decided to cancel the antenna project C-Max.

The decommissioning involves cost savings of around $400,000 per month and the possibility to focus more as a maritime operator. In connection with the now signed framework agreement, C2SAT will take over some equipment from Seanet’s discontinued antenna project.

To date, Seanet has a total of 23 contracts for communications solutions for ships of which 12 are now deployed. Seanet receives traffic revenue from deployed ships.

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