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Wednesday, December 2 - 2009
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4C Controls and Telespazio enlarge and consolidate their partnership

  • United Arab Emirates: Thursday, June 18 - 2009 at 14:12
  • PRESS RELEASE

4C Controls Inc. and Telespazio, a Finmeccanica/Thales company, today announced that based on the principles established in the strategic alliance agreement signed by their respective affiliates 4C Satimage and e-GEOS in January 2009 they are currently in discussion to enter into a joint investment in the areas of very high resolution (50 cm) optical satellite remote sensing and other strategic operational areas.

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The Gulf Satellites program, which will be funded and owned mostly by investors of the Gulf region , forsees the development and construction of two high resolution (1m) SAR (Synthetic Aperture Radar) satellites and a high resolution (0.5m) optical satellite.

In particular, Telespazio and 4C are in discussion for:
- Selection by 4C Controls of Telespazio as the prime contractor for the supply of a new very high resolution (50 cm) optical satellite, that will be part of the 4C Gulf Satellites program.
- Possible investment by Telespazio, 4C Controls and Gulf region investors of a joint investment for two very high resolution (1 m) SAR satellites in addition to the optical satellites.
- Global distribution by Telespazio/e-GEOS of image capacity of the 4C Gulf Satellites program, except for the MENASEA region which will be covered by 4C Satimage.
- Operation and maintainance by Telespazio and e-GEOS of the 4C SatImage Direct Receiving Station under construction in Abu Dhabi. Telespazio/e-GEOS will also provide and manage the training and education programs at the Abu Dhabi Receiving Station to end-users in the MENASEA region.
- The setting up of a dedicated joint venture for developing applications and value-added services based on remote sensing data from different sources.
- Joint investments by Telespazio and 4C Controls in the Gulf Satellites program and acquisition by Telespazio of a minority equity interest in 4C Controls.
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For more information, please contact:
Marianna Nezamyar
Investor Relations Executive
Prime Asset Finance
Tel: +4178 895 31 68

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