RDC
06 September 2010| Home
Home
Contact Us

Starling received notice from an American sat-comm systems manufacturer that it was chosen to supply two-way Ku band antenna systems

 
Tel Aviv, Israel, July 24, 2008 - Starling Advanced Communications Ltd. announced today that it received notice from an American satellite communications systems manufacturer (the "Communications Company") that an international services provider has chosen the Communication Company to supply it with two-way Ku band antenna systems for aircraft following its tender offer. Such award is subject to the execution of a detailed non-binding framework agreement for the supply of innovative antenna systems over a period of seven years. Starling announced that it estimates that the value of its share in the non-binding agreement, if executed, may be up to $60 million. The international services provider also notified that it anticipates that its first binding purchase order for 150 antennas will be issued by December 1, 2008.
 
Starling clarified that the announcement of the award does not  constitute a binding purchase order and, furthermore, there can be no assurance that the framework agreement will be completed or that any purchase orders will be issued, including the anticipated first binding purchase order for 150 antennas.