NovelSat Wins Coveted Satellite Industry Award, Signs Deals for New Products at IBC in Amsterdam

csi_2014_awards_logo-shortlisted

Ra’anana, Israel, September 23, 2014 As the IBC 2014 show closed last week in Amsterdam, all the pieces appeared to be falling into place for satellite industry technology leader, NovelSat. Winning a prestigious CSI Award, booking orders for their new NS300 modem and dozens of successful meetings with industry executives were all part of the good news coming from NovelSat.

Last week, at a ceremony at the RAI Amsterdam during the IBC 2014 show, NovelSat won the CSI Award for Best Satellite Contribution/Distribution/Transmission Solution. The award recognized the value of their NovelSat FreeBand solution that gives DSNG and other remote satellite users free satellite bandwidth for contribution using their existing distribution bandwidth.

While overtaking the satellite industry competition at the awards ceremony, NovelSat also introduced their new NovelSat NS300 Professional Satellite Modem at IBC. The NS300 was designed for cost-effective data transmission applications requiring up to 30Mbps. In addition to generating a lot of interest, the company has already received orders for the new NS300.

 NovelSat NS300 Satellite Modem

NovelSat NS300 Professional Satellite Modem

NovelSat finished up 2013 marking triple digit growth, more than doubling revenue year over year, with thousands of deployments in over 100 countries. In addition to successful satellite modems, modulators and demodulators, the company continues to develop new technologies to make satellite transmission easier and more cost-effective. This development effort will continue to pay off with new technology announcements in the coming months.

“I want to thank the people at CSI for the industry award that recognizes the hard work of the entire NovelSat team,” remarked Itzik Wulkan, NovelSat CEO. “We have an exciting year ahead with new technologies, new markets and new opportunities for growth around the globe.”

All in the same week, NovelSat also announced the addition of two seasoned satellite industry executives to the management team as part of a broader strategy aimed at accelerating the company’s strategic plan. They are Oscar Glottmann, Executive Director and CMO, and Benny Glazer, Corporate Vice President of Sales; both senior management veterans in the satellite and communication industries.

“The board and I are very encouraged by the NovelSat revenue growth and the addition of two experienced business executives, a key milestone in the execution of the company’s strategic plan leading NovelSat to its next growth phase and future success,” remarked Benny Landa, Chairman of Landa Ventures, the leading investor in NovelSat. “As NovelSat continues to innovate and develop new award winning technologies and partnerships in key markets, we believe the company has the ingredients to succeed.”

NovelSat plans to announce a new line of satellite transmission products currently in development. The company has not yet publicly disclosed details.

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About NovelSat

NovelSat is a technology company dedicated to providing the next-generation modulation standard for satellite communications. NovelSat supports DVB-S and DVB-S2 standards and also offers the superior spectral efficiency of its NovelSat NS3™ satellite transmission technology which is available in all NovelSat satellite modulators, demodulators and modems. NovelSat technologies deliver the fastest data rates, the satellite industry’s most compelling ROI and the most scalable transmission solutions from 100Kbps to 850Mbps on a single modem.

NovelSat technology is built around NovelSat SMOS (Satellite Modem Operating System), a unified satellite communications platform that ensures optimal interoperability, throughput and scalability of capacity, software-upgradable high-end features and waveforms. Learn more at www.novelsat.com

Media Contacts

NovelSat

Seth Greenberg
Fresh Pie Marketing
Tel: +972 (0)54 922 2294
Email: Seth@FreshPieMarketing.com

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