Satellite communications company Global Invacomhas won a US$3.8 million contract to supply its XRJ transceivers, to a new customer in the Middle East.
Gordon Blaikie, group CEO, calls this contract a key milestone in the deployment of the company's high-performance XRJ transceivers.
"This contract award reinforces the group’s leadership in satellite communication technology, and reflects our ongoing commitment to providing reliable, cutting-edge solutions tailored to meet the specific needs of our customers,” he adds.
Global Invacom says this contract awarded is not expected to have any material impact on its consolidated net tangible assets per share and consolidated earnings per share for the current financial year ending Dec 31 2025.
The company says it is developing its product portfolio and expects to launch the XRJ Government and Defense band transceiver later this year.
Global Invacom shares last traded at 1.8 cents, down 40% year to date.
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