SYDNEY, December 20, 2018 – Speedcast International Limited (ASX: SDA), the world’s most trusted provider of remote communication and IT solutions, announced today that its Brazilian entity SC Caprock has extended its relationship with one of its leading global Energy customers, with a new multi-year contract extension to provide high-throughput satellite communications onboard an FPSO offshore near Rio de Janeiro.

Speedcast serves this customer on a global scale, and the two companies have been partners in Brazil onboard this FPSO for over 5 years. The contract extension increases the throughput onboard and provides the option for new enhanced equipment installation as needed for maximized network efficiency.

“This customer is one of our most valued customers around the world and we are proud to extend our relationship with this leading operator in Brazil”, said Andre Gustavo Sant Anna, SC Caprock’s Brazil Country Manager. “This FPSO and deepwater field will be a significant project in Brazil for years to come as investment in the region continues to grow. We look forward to working closely with this customer to implement the enhanced service to meet their immediate needs, while continuously improving connectivity infrastructure to deliver the best communication solution possible.”

“Speedcast is the service provider best equipped to meet the expected recovery and growth in Brazil, along with meeting the changing technology demands our customers expect. These long-term and strategic customer relationships allow us to provide enhanced services and new technologies to meet their growing demands, including IT outsourcing, IoT, video surveillance/streaming and related analytics technology. They will become the standard for our customers as digitalization gains momentum,” said Keith Johnson, COO and EVP of Energy for Speedcast.

SC Caprock, the Brazilian entity of Speedcast International, has been operating in the region for over 15 years and is a leading provider of communications and IT solutions both onshore and offshore for customers in Energy, Maritime, Mining and Enterprise markets. For more information about our capabilities in Brazil, please contact marketing@speedcast.com.