7th Dec 2009 07:00
Date: 7 December 2009
On behalf of: Avanti Communications Group plc ("Avanti", "the Group" or "the Company")
Embargoed until: 0700hrs
Avanti Communications Group plc
Contract Extension
Avanti Communications Group plc (AIM: AVN), the broadband satellite operator, is pleased to announce that it has received an extension worth Euros 250,000 for its EU funded SISTER project. The SISTER project (Satellite communications in Support of Transport on European Roads) was established to explore the application of satellite services to the road transport sector. The extension allows Avanti and its partners to refine and test new techniques and applications developed in the project.
David Williams, Chief Executive of Avanti, said:
"Projects like SISTER drive forward new applications for the HYLAS capacity over and above simple broadband and give rise to our growing confidence in the speed of uptake."
Enquiries to:
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Avanti Communications Group plc David Williams |
http://www.avanti-communications.com 020 7749 1600 |
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Redleaf Communications Ltd |
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Sam Robbins / Paul Dulieu |
020 7566 6700 |
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Cenkos Securities |
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Julian Morse / Ivonne Cantú |
020 7397 8900 |
Notes to Editors:
About Avanti Communications
Avanti sells satellite broadband services to telecoms companies which use them to supply homes and businesses.
Avanti's first satellite, called HYLAS is under construction and will be the first superfast broadband satellite launched in Europe.
The market for 2Mb satellite broadband products in Europe is estimated at more than 70 million households.
Avanti currently provides satellite broadband services to customers in Europe using leased satellite capacity which it will transfer to HYLAS on launch.
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