SPEEDCAST ACQUIRES NEW CAPACITY ON ARABSAT 5C TO SERVE GROWING DEMAND FROM NATURAL RESOURCE CUSTOMERS

Commitment by SpeedCast Ltd. of Hong Kong continues the expansion of its Global Network in the Africa and Middle East regions

Abu Dhabi, Feb 29th, 2012 – SpeedCast, a leading satellite telecommunications service provider, today announced that it has signed a multi-year agreement with Arab Satellite Communications Organization, for new capacity on the Arabsat 5C satellite. The new service addresses the growing demand from SpeedCast’s natural resource customers, and marks the continuation of SpeedCast’s expansion into the African and Middle East regions.

SpeedCast selected Arabsat 5C for the new service due to its strong coverage in the northern and central Africa, as well as strong coverage in the Middle East. This footprint matches the growing demand SpeedCast faces from its natural resources customers for satellite services. SpeedCast selected the C-band spectrum due to the high signal reliability and broad coverage areas, which make the service ideally suited for addressing connectivity requirement among natural resource customers with critical communication needs.

SpeedCast specializes in helping its Asia-based customers with their communications requirements in Africa. For instance, SpeedCast has recently worked on a number of projects for various Asia-based companies, expanding in Algeria, Angola, and Zambia. SpeedCast sees strong future growth potential in Africa, and anticipates continued strong demand in the region across all sectors.

“High quality service into and out of Africa are critical for meeting the current and future needs of our customers,” said Pierre-Jean Beylier, CEO of SpeedCast. “As the business connection between Africa and Asia continues to strengthen, we are pleased to support our Asian customers’ expansion plans into Africa, by delivering unsurpassed quality in the African market.”

SpeedCast has also recently invested in new infrastructure in the Oceania region to support Oil & Gas exploration in Australia, and has additional investments planned. These investments strengthen SpeedCast’s infrastructure and its ability to offer comprehensive communication services for multiple industry sectors.

“This additional investment signifies our commitment to our customers, to support them wherever they operate and to grow our network as their demand grows,” added Tom Koster, VP of Middle East and Africa. “This is a key part of our overall investment strategy for the natural resource market, including the Oil & Gas, Mining and Energy sectors.”

SpeedCast will continue to execute on its global expansion plans, investing in key markets and geographies, in order to provide the highest level of service and support for its customers wherever they are throughout the world.