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SatMAX Reports Record-Breaking Number of Inquiries From Navy Purchase Order
HOUSTON, TX, Mar 22, 2010 (MARKETWIRE via COMTEX) --
SatMAX Corporation (PINKSHEETS: SATM), a leading global provider of
wireless, non-line of sight, satellite communications equipment,
announced a record-breaking number of inquiries following receipt of
its second purchase order from the U.S. Navy. In the past four weeks,
SATM has received inquiries from aircraft manufacturers, defense
contractors and international satellite communications networks.
Commenting on this achievement, SATM CEO Don Bresina said, "The
Navy's creative use of our SatMAX(R) repeater technology opens an
attractive market opportunity for our company. We are anxious to
learn about the many different applications the Navy intends for us
to target. We believe the market for testing satellite communications
equipment, as identified by this Navy application, may rival that of
the handheld satellite telephones. We believe this is the reason for
the many inquiries we are now receiving, especially from aircraft
manufacturers."
Adds recently appointed Technology Director, Ken Carlsen: "The Navy
has been great to work with on this project, and they have helped me
to develop a clear insight into what's needed to help drive this
product forward. It is apparent that demand for SatMAX(R) exists well
beyond our initial concept of repeating handheld satellite telephone
signals."
Wireless satellite telephone communications require a direct line of
sight to the sky to create a link between the handheld satellite
phone and the orbiting satellite. This communication link is
interrupted when a sat-phone user steps indoors. SatMAX(R) repeater
technology enables satellite communications users to quickly and
easily make fully wireless voice and data communications from any
non-line-of-sight location. Historically limited by the requirement
for satellite phones to have line-of-sight access to orbiting
satellites, with SatMAX(R) users now have the ability to access
dependable and uninterrupted wireless satellite communications.
About SatMAX
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 http://www.echosatcom.com/; or view
our product information video at
www.angelvisiontech.com/clients/echo_satellite.
Forward-Looking Statements
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 are 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.
Contact:
SatMAX Corporation
Violet Shockley
(832) 586-8090
Email Contact
SOURCE: SatMAX Corporation
http://www2.marketwire.com/mw/emailprcntct?id=925C4FD2782BEEF3
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