CHENNAI, India, June 30, 2016 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global broadband services and technology company, today inaugurated its first Research and Development (R&D) Centre in Chennai, India. The new Centre advances Viasat's globalisation efforts, strengthens its presence in India and enables the Company to tap into high-quality engineering talent to drive technology innovation.
The new Chennai R&D Centre will help Viasat on its mission to connect the world with high-speed broadband internet. The news comes as India continues to transform into a digitally-empowered society under the government's 'Digital India' and 'Smart Cities' programmes.
"India is a recognized technology innovation hub with highly-sought after engineering talent and business potential," said Mark Dankberg, Viasat chairman and CEO. "The new Centre in Chennai is a major step in building Viasat's footprint in Asia, making India important to our strategic globalisation efforts, R&D acceleration initiatives and our ability to bring comprehensive, next-generation cloud, virtualisation, networking and sophisticated network management applications to market."
Viasat is a world leader in broadband communications. In 2012, the Company launched Viasat-1, the world's highest-capacity satellite at the time of its launch, which earned it a Guinness World Records® title. Viasat-1 is Viasat's first-generation satellite broadband platform. The Company plans to launch a Viasat-2 satellite broadband platform in 2017, which will more than double the bandwidth and increase coverage seven-fold over the prior generation. Beginning in 2019, Viasat will launch the first of three Viasat-3 class satellite platforms. Each Viasat-3 class satellite will offer 1,000 Gbps (or 1 Terabit per second) of network capacity, making each satellite equal to the total capacity of all commercial satellites in space today - combined. The first two satellites will focus on the Americas and Europe, Middle East and Africa (EMEA), respectively, with a third satellite system planned for the Asia Pacific region, completing Viasat's global service coverage.
"The investments made by Viasat in the new Chennai R&D Centre represent a commitment towards accelerating our innovation efforts," said Sathya Narayanaswamy, vice president and country manager, Viasat India. "If Indian government policy allows, a Viasat-3 class satellite could connect millions of Indians to broadband internet, potentially adding billions to India's gross domestic product."
The new Viasat R&D Centre will have more than 30,000 square feet to accommodate nearly 125 engineers. By 2019, Viasat expects to have more than 250 engineers in Chennai working on next-generation technologies.
Viasat, Inc. (NASDAQ: VSAT) keeps the world connected. As a global broadband services and technology company, Viasat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company's innovations in designing highest-capacity satellites and secure ground infrastructure and terminal technologies coupled with its international network of managed Wi-Fi hotspots enable Viasat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally. For more information visit Viasat at: www.viasat.com,
or follow the Company on social media: Facebook, Twitter, LinkedIn and YouTube.
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 the launch of Viasat-2 and Viasat-3 satellites, including potential for bandwidth, service coverage and network capacity, and the success, growth and timeline of opportunities delivered by the team based in India. 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: contractual problems, product defects, manufacturing issues or delays,
regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; Viasat's ability to realize the anticipated benefits of the Viasat-1, Viasat-2 and Viasat-3 satellite platforms, unexpected expenses or delays related to the satellite systems, the ability to successfully implement Viasat's business plan for broadband satellite services on Viasat's anticipated timeline or at all, including with respect to the Viasat-1, idsrc="xmltag.org">Viasat-2 and Viasat-3 satellite platforms; and risks associated with the construction, launch and operation of Viasat-3 and Viasat's other satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; and increased competition and other factors affecting the industry generally. 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.
Copyright © 2016 Viasat, Inc. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. Viasat is a registered trademark of Viasat, Inc.
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SOURCE Viasat, Inc.
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