FARNBOROUGH, United Kingdom, April 19,
2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT),
a global leader in satellite communications, today announced it has
joined the Space Cluster on the Harwell Science and Innovation
Campus as it seeks new technology and research partnerships in the
UK.
Harwell is home to the largest concentration of space expertise
in the UK, with more than 1,400 people employed across over 100
private and public sector organizations, including the UK Space
Agency and the European Space Agency. Harwell estimates that the
space industry contributes £5.7 billion to UK GDP.
With the opening of a new office at the Harwell Campus, Viasat
is demonstrating its intent to play an active role within the UK's
space ecosystem while contributing its expertise in space-based
broadband communications to the Harwell community.
"The Harwell Space Cluster is widely recognized as an integral
part of the UK's space sector, bringing together dynamic,
innovative organizations from across the UK and European Union,"
said Rick Baldridge, Viasat's
president and CEO. "We are looking to build relationships in the UK
that can help add value and new capabilities to our global ViaSat-3
constellation of satellites, which will extend broadband internet
service to the hardest-to-reach places in the world. We look
forward to creating alliances with UK organizations in areas such
as space safety and sustainability, encryption and data security,
terminal development and more."
The first of three ViaSat-3 high-capacity satellites is
scheduled for launch later this year. The constellation is expected
to deliver over 3 Terabits per second (Tbps) of total network
capacity, or roughly eight times the capacity of Viasat's current
fleet.
"We are delighted to have Viasat join the Harwell Campus," said
Dr. Joanna Hart, development
manager, Harwell Space Cluster. "It
is an innovative communications company known for working with
growing start-ups in the satellite and space community. Viasat will
be able to access the world-leading space research and technology
we offer, spotting valuable commercial opportunities and
next-generation innovations."
The Harwell Campus is interested in capitalizing on the rapid
changes in space technology, and building links with other
international space clusters, to help the UK achieve
its National Space Strategy goal: to be 10% of the global
space-related economy by 2030.
About Viasat
Viasat is a global communications
company that believes everyone and everything in the world can be
connected. For more than 35 years, Viasat has helped shape how
consumers, businesses, governments and militaries around the world
communicate. Today, the Company is developing the ultimate global
communications network to power high-quality, secure, affordable,
fast connections to impact people's lives anywhere they are—on the
ground, in the air or at sea. To learn more about Viasat,
visit: www.viasat.com, go to Viasat's Corporate Blog, or
follow the Company on social media at:
Facebook, Instagram, LinkedIn, Twitter or YouTube.
Forward-Looking Statements
This press release contains
forward-looking statements that are subject to the safe harbors
created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Forward-looking statements include statements
that refer to the launch timing of the first ViaSat-3 satellite and
expected capacity of the ViaSat-3 constellation; and the
opportunity to expand or share certain alliances, businesses,
technologies or applications with Harwell Campus participants, and
the resulting benefits. Readers are cautioned that actual results
could differ materially and adversely from those expressed in any
forward-looking statements. Factors that could cause actual results
to differ include: risks associated with the construction, launch
and operation of satellites, including the effect of any anomaly,
operational failure or degradation in satellite performance;
contractual problems, product defects, manufacturing issues or
delays, regulatory issues, technologies not being developed
according to anticipated schedules, or that do not perform
according to expectations, and increased competition and other
factors affecting the connectivity market, generally. In addition,
please refer to the risk factors contained
in Viasat's SEC filings available
at www.sec.gov, including Viasat's most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation to
update or revise any forward-looking statements for any reason.
Copyright © 2022 Viasat, Inc. All rights
reserved. Viasat, the Viasat logo and
the Viasat signal are registered trademarks
of Viasat, Inc. All other product or company names
mentioned are used for identification purposes only and may be
trademarks of their respective owners.
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SOURCE Viasat, Inc.