|By Business Wire||
|June 18, 2012 05:00 PM EDT||
O3b Networks today announced a multi-year, multi-million dollar agreement with AMRTUR Corporation Sdn. Bhd. based in Brunei, to provide private high-speed, satellite-delivered internet to various industries with a particular focus on oil and gas activities in Brunei Darussalam as well as to other regional clients, in a strategic business alliance with Datastream Technology (DST), the leading mobile telecommunication service provider. A single O3b beam will be deployed to cover the 200 oil rigs and other Services currently using microwave or expensive traditional satellite systems in and around Brunei Darussalam.
A technology innovator, AMRTUR will be able to offer its customers – which include all oil and gas operators as well as service providers in Brunei Darussalam and regional operators – private high-speed internet and VoIP. Furthermore, AMRTUR is the first local company in Brunei to venture successfully into Integrated Intelligent Smart Well System (IISW) technologies for down hole pressure, and distributed temperature measurements. As Brunei drilling rigs and service providers operate advanced Instrumentation and Enterprise applications, they will generate huge volumes of data that need to be processed on a real-time basis and an efficient mechanism for transporting data will be required. O3b connectivity is the ideal solution to meet this demand.
“We are proud and pleased to be a customer of O3b and look forward to achieving many great things together in the region. This agreement with O3b will enable us to push our oil and gas technology offering even further by supplying private high-speed internet connectivity to the oil & gas drilling rigs and related services which support their daily operations in the Brunei Darussalam and regional territorial waters,” said, Lt Col (B) Mahmod Yakop, Founder & Managing Director of AMRTUR Corporation Sdn. Bhd. “The project is a significant milestone to AMRTUR’s contribution to His Majesty Government of Brunei Darussalam’s in nation building and the realization of Vision 2035.”
“We are delighted to announce AMRTUR as our second customer serving the oil and gas industry. This is a growing and very exciting market for us and we look forward to seeing our connectivity in action on board the many oil and gas platforms it will serve” said Steve Collar, Chief Executive Officer, O3b Networks. “With O3b satellite connectivity, AMRTUR will continue to lead the way in technology innovations in Brunei Darussalam and be recognized more and more as an enabler of systems currently not possible because of the lack of high-speed internet connectivity.”
About O3b Networks Ltd.
O3b Networks is a global satellite service provider building a next-generation satellite network for telecommunications operators, Internet service providers, enterprise and Government customers in emerging markets. The O3b system will combine the global reach of satellite with the speed of a fiber‐optic network providing billions of consumers and businesses in nearly 180 countries with low‐cost, high‐speed, low latency Internet and mobile connectivity. O3b Networks’ investors are SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina, Satya Capital and Luxempart. O3b Networks is headquartered in St. John, Jersey, Channel Islands.
About AMRTUR Corporation
AMRTUR Corporation was founded in 1996, incorporated on 2nd December 1998 fully owned by BRUNEI BUMIPUTRA entrepreneurs. AMRTUR’s main objective is to provide Integrated Service Solutions with the primary focus of nurturing advance technologies which has led to the invention of the first Zone 1 splicer in the world for the Oil and gas industry and this focus has also led to the successful growth of AMRTUR that they are capable of providing various services & products.
AMRTUR is the first local company to venture into Smart Well System technologies and the System is endorsed /approved by major oil & gas technology group. AMRTUR’s national interest is to increase the pool of national expertise, skills and most importantly, the transfer of advance technologies to contribute in the nation building of Brunei Darussalam. The main strength that drives the growth of AMRTUR is drawn and supported by a collective and coherent local and international expertise. It has always been AMRTUR’s core value to strongly uphold and advocates clients and human resources as its most valued assets and fully committed to providing total sum value and satisfaction to clients with quality and result orientated solutions and systems.
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This press release is for informational purposes only and is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and management, as well as financial statements. The company does not intend to register any part of the present offering in the United States.