Sydney, Australia – Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, and Danaos Peripherals today announced a strategic alliance agreement under which the two companies will combine maritime communications with advanced application management developed by Danaos. Within 2017 the two companies will jointly release a remote and autonomous IT system on board a vessel, leveraging key technologies such as Big Data analytics, (IoT) Internet of Things, and cyber security. The system will enable the remote deployment of 3rd party services and applications, allowing for the swift and simple implementation of new capabilities to a ship.

Speedcast is the leading global satellite communications and network service provider, offering high-quality managed network services in over 100 countries and a global maritime network serving customers worldwide providing connectivity to over 10,000 ships and supporting mission critical applications.

Danaos Peripherals is the leading software provider to the commercial maritime industry offering the most complete system to the shipping community currently supporting more than 6000 vessels and 500 shipping companies worldwide.

“The Speedcast and Danaos strategic alliance represents an exciting new direction for the Maritime sector” said Mr. Tim Bailey, EVP of Products, Marketing, and Business Development for Speedcast. “The combination of Speedcast’s expertise in delivering high quality critical communications solutions and Danaos’s ability to create a state of the art application environment will accelerate the digitalization of the Maritime business.”

“Danaos recognized Speedcast as a strategic partner in our vision of enhancing onboard IT infrastructure and delivering advanced solutions, meeting today’s market needs with minimal effort for implementation and support” stated Mr. Dimitris Theodossiou, Managing Director of Danaos Peripherals.