AP Satellite Secures Contract for Delivery of Satellite Communication Terminals

[Asia Economy Reporter Junho Hwang] AP Satellite announced on the 20th that it has signed a contract to supply satellite communication terminals (model name: MarineStar_MNB-01) worth 5,477.71 million KRW with the UAE company Thuraya Telecommunications Company. The contract amount corresponds to 12.1% of last year's sales. The contract period is from the 19th of this month until the end of this year.

AP Satellite also signed a contract to supply satellite phones (model name XT-Lite) worth 5,571.61 million KRW with the same company. The contract amount corresponds to 12.2% of last year's sales, and the contract period is from the 19th of this month until the end of January next year.