RigNet Secures Global Master Supply Agreement
September 05 2018 - 8:05AM
RigNet’s (NASDAQ: RNET) fast-track installation and highly
differentiated end-to-end connectivity helped secure a global
master supply agreement with a subsidiary of McDermott
International, Inc. (NYSE: MDR). A premier, fully integrated
provider of technology, engineering and construction solutions to
the energy industry, RigNet provided McDermott with managed
communication services and multiple over-the-top (OTT) solutions to
ensure their fleet of vessels is equipped with the most advanced
communication systems available.
RigNet was able to leverage its network of global support to
fast-track the implementation of the project and install
McDermott’s entire global fleet to meet an aggressive mobilization
timeline. RigNet installed and is providing fully-managed
communications solutions that included a stabilized dual-band smart
antenna that enables automatic switching between C-Band and Ku-Band
networks. RigNet also provides industry leading OTT solutions:
CrewConnect and infotainment services for crew welfare, hotspot
services for easy Internet connectivity, and Adaptive Video
Intelligence for crew safety and operational efficiency.
“This win marks a significant victory for RigNet within the
maritime sector and is a part of our strategic growth strategy to
provide high-value solutions in verticals beyond oil and gas,” said
Steven Pickett, Chief Executive Officer and President of RigNet.
“The execution of this project showcases our ability to meet our
customers’ needs and offer solutions to even the most remote
locations with the most complex communications, technology, and
time challenges.”
About RigNetRigNet (NASDAQ: RNET) is a global
technology company that provides customized communications
services, applications, real-time machine learning, and
cybersecurity solutions that enhance customer decision-making and
business performance. RigNet is headquartered in Houston, Texas
with operations around the world.
For more information on RigNet, please visit www.rig.net. RigNet
is a registered trademark of RigNet, Inc.
Media / Investor Relations Contact:Jerri DeanRigNet, Inc.Tel: +1
(281) 674-0699
Forward-Looking StatementsThis press release
includes “forward-looking statements” within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The
opinions, forecasts, projections, benefits and synergies of the
proposed transaction, future opportunities products, future
financial performance and any other statements regarding RigNet’s
future expectations, beliefs, plans, objectives, financial
conditions, assumptions or future events or performance that are
not statements of historical fact, are forward-looking statements
within the meaning of the federal securities laws. RigNet can
give no assurance that such expectations will prove to have been
correct. These statements are subject to, among other things,
the risk factors that are discussed in RigNet’s most recent 10-K as
well as RigNet’s other filings with the SEC available at the SEC’s
Internet site (http://www.sec.gov). Actual results may differ
materially from those expected, estimated or projected.
Forward-looking statements speak only as of the day they are made,
and we undertake no obligation to publicly update or revise any of
them in light of new information, future events or otherwise.
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