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SWE-DISH to Deliver Portable SATCOM Terminals to U.S. Navy's SPAWAR Center Under ID/IQ Contract with Potential Value of $175 Million
The Five-Year Contract Gives SWE-DISH a Long-Term Prime Contract Vehicle Under Which to Offer Its Advanced, Highly Portable SATCOM Products to the U.S. Navy
Duluth, Ga. -- March 4, 2008 -- SWE-DISH Satellite Systems, a DataPath company, has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract by the U.S. Navy's Space and Naval Warfare Systems (SPAWAR) Center to provide portable SATCOM terminals. The contract, awarded to SWE-DISH and six other companies, has a total value of up to $491 million over five years for all suppliers. The SWE-DISH portion of the award is for up to approximately $32 million in the first base year, with a potential value of up to $175 million for the base year and all option years.
SWE-DISH specializes in highly portable and mobile SATCOM terminals such as SWE-DISH Suitcase® systems with CommuniCase® Technology and SATCOM on-the move systems that deliver high-bandwidth capabilities beyond the edge of traditional networks. Proven in the field with the U.S. military and allied military and government organizations, SWE-DISH products are known for being innovative, very compact and easy-to-use communications systems. "This award is the result of SWE-DISH's close work with the U.S. Department of Defense and our products' proven performance with U.S. forces in the field," said Lars Jehrlander, CEO of SWE-DISH. "Our long-term strategy has been to design and develop innovative systems that deliver true broadband capability anywhere. Our solutions have achieved market acceptance, as indicated by the award of the SPAWAR contract. With our leading products, and the support and complimentary solutions, software and services of the broader DataPath organization, we have increased strength to support our U.S. DoD customers worldwide. "
"This award demonstrates not only the value of SWE-DISH's unique SATCOM products, but also the value of our combined organizations and solutions to U.S. warfighters," said Dave Helfgott, president and CEO of DataPath, Inc. "Our relationship on multiple fronts with the U.S. DoD continues to grow."
The contract was awarded to SWE-DISH Satellite Systems, Inc., the Sterling, Va.-based business unit of SWE-DISH, which is a wholly owned subsidiary of DataPath, Inc.
About SWE-DISH Satellite Systems AB
SWE-DISH Satellite Systems AB, headquartered in Stockholm, Sweden, is a world-leading supplier of mobile satellite communications equipment and related services for broadband applications. The company supplies major broadcasters, armed forces and disaster relief organizations, amongst others, with compact and quick-to-air satellite terminals for live transmission of video, data, Internet and voice content from anywhere in the world. Its customer base includes broadcasters such as CNN and BBC, disaster relief organizations and military organizations such as the United Nations, NATO, Danish Defence, the Swedish Defence Materiel Administration (FMV) and the U.S. Department of Defense. SWE-DISH was established 1994. For more information, visit www.swe-dish.com.
About DataPath, Inc.
DataPath is a global leader in creating satellite-based network solutions that solve customers' toughest communications challenges. It specializes in enabling highly complex, video-intensive communications networks that are critical to the operations of military, civilian government and commercial organizations. Even in the most urgent time frames and extreme conditions, DataPath establishes and maintains communications anywhere and delivers total network control through its communications solutions, MaxView® network control software and comprehensive services. DataPath is headquartered in Duluth, Ga., U.S.A. and operates via more than two dozen offices and distributor locations around the world. For more information, visit www.datapath.com.
Safe Harbor Disclosure
This press release, other than historical information, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on management's beliefs and assumptions, current expectations, estimates and projections. Forward-looking statements may include projections and estimates concerning the timing and success of specific projects and the future revenues, income and capital spending of DataPath, Inc. (the "Company.")
A variety of factors beyond the control of the Company may affect the Company's performance, including, but not limited to the Company's ability to sustain its historical growth rate; the Company's dependence on sales to the U.S. government for a high percentage of its revenues; increased competition using commercial off-the-shelf (COTS) hardware and software solutions; changes or delays in U.S. government funding programs and priorities; termination or modification clauses contained in U.S. government contracts; continued supply of critical components and services, including COTS-based hardware; maintenance of exclusive procurement or marketing rights with key suppliers; restrictions contained in federal and international procurement laws and regulations; and operation in international markets, including the application of international and foreign domestic laws and regulations.
Any of the above factors and numerous others not listed nor foreseen may adversely affect the Company's financial performance. Forward-looking statements speak only as of the date on which they were made, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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