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newsat.com
MEDIA Release
19 January 2010
NEWSAT PROGRESSES ON DEVELOPMENT OF AUSTRALIAS FIRST INDEPENDENT
NEXT GENERATION SATELLITE - JABIRU-1
Australias leading independent Satellite Communications Company, NewSat Limited
(ASX: NWT), is pleased to provide a progress update for the launch of Australias first
independent next generation satellite, Jabiru-1.
Following the introduction of the 2009 National Broadband Network initiative, which
includes provisions to deliver two next generation satellites and wireless services to up
to 10 per cent of the Australian population, NewSat is pleased to announce its intention to
participate in the Australian Governments $43 billion policy in the satellite and allied
technology solutions.
NewSat also announces a fresh initiative to launch Jabiru-1 in 2012 as a stunning precursor
to the NBN satellite developments. The initial Jabiru-1 satellite will cover Australia, South
East Asia, the Middle East and sectors of Africa and will be Australias first independent
commercial satellite operator charting the uplands of the sky.
NewSat has been an active supporter of the recent government policy and has been and
remains vigorous in developing its Jabiru-2 satellite programme to meet the needs of the
National Broadband Network, with a range of features unique to Jabiru. It is envisioned
that this next generation satellite could be delivered in the 2013 calendar year,
completely supported on Australian soil.
Jabirus business approach is to launch and operate next generation satellites that
provide video, voice and data applications for Australia and other remote regions in excess
of 12Mbps.
Jabiru will have an $800 million finance program comprising of a mixture equity, debt,
enhanced export credit facilities, and hybrid security solutions to fulfil its proposed initial
two satellite investment. Pre-commitment on Jabiru-1 is substantial, as at January 2010,
32 months ahead of the expected launch.
In commenting on this exciting phase of the Companys development for NewSat, Adrian
Ballintine, Chief Executive Officer said,
Jabiru-1 will be the first independent next generation satellite for Australia, it will
leverage NewSats global coverage of 75 percent of the world and further cement the
Companys position as Australias largest independently operated Satellite
Communications Company. NewSat is extremely proud to be involved in the progressive
development towards a more accessible network, which to a demonstrable degree bridges
the digital divide in Australia.
For further information contact Rod North, Bourse Communications on (03) 9510 8309
or 0408 670 706.