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Join Date: Oct 2009
Rep Power: 2
SATM SatMax Corp
SatMAX Gains Acceptance Into the Corporate Arena by Landing Fortune 500 Clients
HOUSTON, TX, Dec 04, 2009 (MARKETWIRE via COMTEX) -- SatMAX Corporation (PINKSHEETS: SATM) entered the $46 Billion satellite ground equipment industry last year and almost immediately began adding Fortune 500 Corporations to its client list. Recently, the company completed installation of three SatMAX(R) Iridium satellite communication repeater systems for ITT Corporation.
ITT is one of the world's largest manufacturers/distributors of advanced technological products. ITT recently signed a $9.7 million contract to provide Iridium-based communication devices and hardware to secure military/defense communications. SatMAX has worked with two other large defense contractors, Harris Corporation and Sparton Corp., to develop non-line-of-sight communication systems. Additionally, General Dynamics was one of the early buyers of SatMAX(R) equipment.
This type of client has a specific need for secure, indoor/outdoor data and voice communications systems. Fortunately, SatMAX is able to meet its clients' needs by creating communications "hot-spots" which enable fully wireless, totally secure communications for multiple, concurrent users. With services like this, SatMAX has the potential to rapidly land more government and corporate clients as it continues to gain acceptance in the world of corporate giants.
SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit SatMAX or view our product information video at SatMAX.
To View this release in video format: SatMAX Gains Acceptance into the Corporate Arena by Landing Fortune 500 Clients : VoD Newswire
Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and is based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
SOURCE: SatMAX Corporation
SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2009 Comtex News Network, Inc. All rights reserved.
SUBJECT CODE: Telecom:Cable and Satellite Services
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