Viasat Brings Innovation to Satellite Machine to Machine Communications
Carlsbad, Calif. – To provide L-band satellite customers with a fresh alternative to today’s antiquated technologies, Viasat Inc. (NASDAQ:VSAT) is launching a new worldwide network service for the machine to machine (M2M) market. Similar to its innovation in broadband services, Viasat is focused on creating a more economically favorable system designed to provide higher speeds, greater security, and faster response to small fixed and mobile terminals. The Viasat L-band Managed Service is enabled by technologies that provide a new combination of features for Mobile Satellite Services (MSS) that is expected to lower the cost of ownership for M2M networking.
The new service introduces an innovative new waveform optimized for M2M that leverages Viasat’s extensive experience in serving U.S. government customers with highly secure, reliable, and rugged satellite-based global services. Operating over the highest performance L-band satellites, the Viasat technology uses satellite bandwidth more efficiently to bring a number of performance differentiators to a variety of customers in the energy, utilities, logistics, and enterprise sectors:
- High availability
- Integrated security
- Broadcast and multicast
- Low latency
- Netted voice
“The agreements we’ve just completed with LightSquared and Thuraya signal the launch of our worldwide MSS services,” said Phil Berry, VP MSS at Viasat. “In the same way that we transformed satellite broadband, we’re bringing innovation to this market with a focus on constantly improving system economics while enabling an order of magnitude performance improvement over comparable M2M legacy systems. We are developing a range of fixed and mobile devices to deliver the service for a variety of applications.”
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Safe Harbor Statement
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward looking statements include statements about lowering the cost of ownership of M2M services, higher speeds, greater security, faster response, and using satellite bandwidth more efficiently. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of satellites used to supply these new services, including the effect of any anomaly, operational failure or degradation in satellite performance; negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; Viasat’s reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of Viasat’s revenues; the ability to successfully develop, introduce and sell new technologies, products and services; reduced demand for products as a result of continued constraints on capital spending by customers; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply Viasat’s products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on Viasat’s ability to sell products and services; Viasat’s level of indebtedness and ability to comply with applicable debt covenants; Viasat’s involvement in litigation, including intellectual property claims and litigation to protect proprietary technology; and Viasat’s dependence on a limited number of key employees. In addition, please refer to the risk factors contained in Viasat’s SEC filings available at www.sec.gov, including Viasat’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
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