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Ovzon

Ovzon

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Ovzon AB: Ovzon receives 1.92 MUSD order from U.S. DoD

09:48 / 18 October 2021 Ovzon Press release

Ovzon has received a direct award from the U.S. DoD to provide 50 of the new, ultra-small, Ovzon T6 mobile satellite terminals. The order is valued at 1.92 MUSD and represents the largest single order to date for the new Ovzon T6.

The U.S. DoD recently placed an order for 50 Ovzon T6 mobile satellite terminals based on its ultra-small form factor, light weight, ease of use, and industry leading performance. The Ovzon T6 offers unmatched mobility and performance in any environment, and replaces much larger, heavier, and less capable systems that unnecessarily burden logistics systems and resources.   

Ovzon T6s industry leading capabilities make it ideal for supporting operational teams while being fully capable of providing the bandwidth to scale into a robust headquarters on one single terminal, eliminating the need for follow-on systems and additional crew.  Weighing less than 13 pounds, the Ovzon T6 can be placed into operation within less than a minute and an untrained user can operate it for hours on a common external battery.

"This significant order represents an enterprise-level investment in the Ovzon Satcom-as-a-Service by a customer with a very demanding and important mission. We are humbled to play an increasingly important role with this key customer. The significance of this order is not lost on us, and it reinforces our commitment to provide products and services with unmatched performance, resiliency and customer service and support", says Per Norén, CEO of Ovzon.

This information is information that Ovzon AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation 596/2014 and the Securities Markets Act (2007:528). The information in this press release has been published through the agency of the contact persons set out below, at the time stated by Ovzon AB's (publ) news distributor Cision upon publication of this press release.

About Ovzon

Ovzon is revolutionizing mobile broadband via satellite with the highest bandwidth through the smallest terminals. Ovzon's end-to-end SATCOM-as-a-Service solutions meet the growing demand for global connectivity for customers with the highest performance requirements including Government, Military, Law Enforcement, Public Safety/Fire Brigades, Mariners, Media and NGOs. The company was founded in 2006 and has offices in Stockholm, Sweden; Herndon, VA; and Tampa, FL. Ovzon is publicly listed on Nasdaq Stockholm. For more information about Ovzon, visit www.ovzon.com

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This information was distributed by Cision http://www.cisionwire.se/