As reported by the Australian Stock Exchange, 25 July 2012, NewSat’s teleport revenue increases by 24% to US$3.1 million per year.
The monthly recurring revenue of teleport business is now at US$3.1 million per month which means there is a 24% growth from the end of the 2011 financial year. There is also a US$12.68 million from 306 new teleport contracts won over on the financial year 2012 and is incremental to existing contract base. There is also growth generated domestically and internationally from military, oil, gas, mining, maritime, construction and other government agency contacts.
What is included in the US$12.68 million of new teleport business contracts announced during the 12-month period are the following: first, more than US$2 million of new contracts that contains Proactive Communications that will provide satellite communications to the US government personnel in the Middle East; second, new contract with partner that will provide satellite communications for the Gorgon Project off the north-west shelf of Western Australia; third, multiple contracts with US-based system integrators that will provide satellite communications to the United States; fourth, more than 70 contracts with Hitron to provide satellite communications to enterprise customers in Papua; and lastly, over 25 contracts with Nixon Communications that will provide satellite communications for pipeline construction projects across Australia.