Posts Tagged ‘featured article’
The sky’s no limit for NewSat
Robert Gottliebsen, Management Insights
Our Management Insights interview with the chief operating officer of NewSat, Michael Hewins, is an inspiration to all those who believe small companies can succeed in the current environment if they have the right technology.
Incredible as it may seem, the low-cap Australian-listed NewSat provides the satellite communications for the US land forces in Afghanistan.
The Australian army believes that it is better to use satellites linked to China for its Afghanistan military satellite communications.
NewSat operates satellite teleports out of Adelaide and Perth and its services have been so successful in coordinating the US Afghanistan land forces that the US military wants NewSat to go the next step and extend its satellite operation from simply operating satellite communication to owning a satellite or satellites.
Remember this is a company whose shares are at 0.7 cents and has a tiny capitalisation, although it is profitable. But with the right technology, and the US military behind you, anything is possible.
And that’s why American satellite expert Michael Hewins has come to Australia to join NewSat chief executive Adrian Ballintine – to give NewSat the management clout to take the next step.
Satellite spots are not easy to obtain and NewSat has bought seven of them.
Hewins explains how a tiny company can fund a $US300 million to $US400 million satellite from Australia.
First, you need to sign up groups who will use the satellite so you have a guaranteed source of cash flow. NewSat has contracts with major satellite users who have so far agreed to spend $US239 million on NewSat’s proposed Jabiru-1, Ka-band, next generation satellite.
NewSat says Jabiru-1 will provide superior coverage over South East Asia, the Middle East and North Africa plus Australia. It will be Australia’s first independently-owned commercial satellite. NewSat still needs more contracts but the demand is building so a second satellite is now in the pipeline.
Google revamps to fight cheaters
GOOGLE, long considered the gold standard of internet search, is changing the secret formula it uses to rank web pages as it struggles to combat websites that have been able to game its system.
The internet giant, which handles nearly two-thirds of the world’s web searches, has been under fire recently over the quality of its results. Google said it changed its mathematical formula yesterday in order to better weed out “low-quality” sites that offer users little value. Some such sites offer just enough content to appear in search results and lure users to pages loaded with advertisements.
Google generates billions of dollars from advertising linked to its search engine, whose influence as a front door to the world’s online content and commerce continues to grow by the year. Google’s power over the fortunes of so many other companies has made it a target of competitor complaints. It has also faced government investigations, including scrutiny by regulators in the US and Europe.
NBN Co appoints Regulatory Affairs Principal
NBN Co today announced the appointment of Caroline Lovell as Principal Regulatory Affairs. View full post on NBN Co Limited
Smart Electricity World Conference
NBN Co presentation to Smart Electricity World Conference in Melbourne, Australia Gary McLaren, CTO. NBNCo. View full post on NBN Co Limited







