iDirect Inc. (iDirect), a company of Vision Technologies Systems
Inc. (VT Systems), has announced a contract win valued at around
US$500,000 from CrossSat Telecom Technology Co. Ltd. (CrossSat), a major
independent oil and gas exploration group based in China. CrossSat has
purchased an iDirect iNFINITI universal 5IF satellite hub and 60 iDirect
remote satellite routers to create a global IP network supporting both
Ku and C satellite bands.
CrossSat will provide satellite connectivity to multiple Chinese
oil and gas companies, whose operations span China, the Middle East,
Europe and Africa. The CrossSat network will support seismic exploration
and drilling applications on both terrestrial and offshore drilling
platforms. Initial customers include the China National Petroleum Corp.
(CNPC), the nation's largest oil and gas company.
The contract increases iDirect's presence in China and
bolsters its position as a leader in the oil and gas industry worldwide.
"With iDirect's technology, CrossSat can leverage a
single platform to connect to multiple satellites and support any
satellite band. This greatly expands the market that we can serve and
enables us to meet the diverse needs of the oil and gas industry in
China and around the world."
- YU Sun CEO, CrossSat
"With rising demand for satellite bandwidth checked by limited
capacity, network operators require satellite solutions that deliver
increased data throughput and maximize their technology investments. We
are pleased that CrossSat chose iDirect's satellite platform as a
strategic investment to expand its business opportunities while
minimizing its operational costs."
- Andrew Bond-Webster, regional vice president and managing
director, Asia, iDirect
This contract represents iDirect's second major hub
installation in China. Last month, it announced a contract with
PetroChina's Bureau of Geophysics (BGP) Oil/Gas Exploration Group,
a division of CNPC. iDirect is currently the satellite platform of
choice in the global oil and gas industry. These two recent contracts
indicate that network operators in oil and gas market in China are
recognizing and adopting iDirect's technology.
iDirect, a company of VT Systems, designs, develops, and markets
satellite-based broadband access solutions targeted at the enterprise,
government, carrier and educational sectors that have the need for fast,
flexible, and geographically dispersed two-way internet/intranet access.
The company has developed technology solutions that combine high
performance, worldwide availability, ease of installation, high
reliability, and low cost to end customers. In addition, iDirect
solutions offer unprecedented efficiencies, increased revenue
opportunities and higher per customer gross margins to satellite network
operators. iDirect was awarded the 2005 World Teleport Association
Teleport Technology of the year, the Innovation & Technology of the
Year by The ISCe Advisory Board, and named number one in the Deloitte
& Touche Virginia Technology Fast 50 list of the fastest-growing
U.S. technology companies. iDirect operates its corporate headquarters
in Herndon, Virginia and has regional offices in Europe, Asia, and
covering Latin America.
For more information visit http://www.idirect.net or call
703/648-8155.
VT Systems and its subsidiaries are preferred providers of
engineering solutions, products, integrated systems, and services in the
Americas across the core business areas of marine, aerospace,
electronics and land systems. Headquartered in Alexandria, Virginia, VT
Systems operates throughout North America and offers a broad range of
proven innovative services to both the commercial and government
sectors. VT Systems is a wholly owned subsidiary of Singapore
Technologies Engineering Ltd.
For more information, visit http://www.vt-systems.com or call
703/739-2610.
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