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Ovzon

Ovzon

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Ovzon AB: Ovzon receives 1.1 MUSD order from UK MoD for renewal of SATCOM-as-a-Service

08:48 / 2 August 2022 Ovzon Press release

Ovzon has received an order for the renewal of Ovzon's SATCOM-as-a-Service from the UK MoD through the company's partner Airbus. The 18-month renewal, valued at 1.1 MUSD, will start on September 1, 2022, and represents an extension of Ovzon's services in specific regions of the world.

Ovzon's SATCOM-as-a-Service provides unprecedented levels of performance, mobility and reliability that are unmatched in the industry.

This renewal does not include all critical SATCOM-as-a-Service solutions provided by Ovzon to the UK Government, which are expected to be renewed later in 2022.
"As the security situation in Europe continues to evolve, secure, mobile, highspeed satellite communications will become even more critical for command-and-control centers, delivering sensor data, and most importantly senior leader assured communications. The UK MoD's long-term renewal of Ovzon services is a testament to how important guaranteed communications are to national security in the region. With the launch of Ovzon's first own satellite, Ovzon 3, later this year we will be able to deliver industry leading throughput, security, and resiliency to not just the UK, but to all NATO Nations who need the most reliable and secure SATCOM-as-a-Service solutions in the world", says Per Norén, CEO of Ovzon.  

This information is information that Ovzon AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation 596/2014 and the Securities Markets Act (2007:528). The information in this press release has been published through the agency of the contact persons set out below, at the time stated by Ovzon AB's (publ) news distributor Cision upon publication of this press release.

About Ovzon

Ovzon offers world-leading mobile satellite communications services, SATCOM-as-a-Service, to customers across the globe. The services combine high data speed with high mobility. Ovzon's SATCOM-as-a Service meets the growing demand for global connectivity for customers with high performance and security requirements such as Defense, Emergency Services, NGOs, Media and Commercial organizations. Ovzon was founded in 2006 and has offices in Stockholm, Sweden, Herndon, VA and Tampa, FL in the USA. Ovzon is listed on Nasdaq Stockholm Mid Cap. For more information visit www.ovzon.com.

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This information was distributed by Cision http://www.cisionwire.se/