Orbit Technologies has reported record orders for its satellite communication products. The company reports 2nd quarter additional orders in excess of $5 million of its marine VSAT systems. According to Orbit, total worldwide VSAT systems orders are expected to exceed $100 million this year.

Avi Cohen, Orbit’s CEO points out that, “We see a growing demand for ship borne satellite communication systems. Both businesses and individuals expect the same connectivity capabilities they enjoy in their offices or homes, while at sea. Specifically, we see a business demand for uninterrupted broadband connectivity anywhere at sea, from merchant ships, oil and gas drilling companies, to cruise liner companies seeking to accommodate their passengers. Orbit is a key part of the global vision, the dream, if you will, where everyone is connected everywhere, any time, stationary or mobile. In this context, we’ve made sure that our systems continue to improve their capabilities in order to provide superior uninterrupted global transoceanic communications.”

Orbit’s record VSAT bookings reflect intentional and purposeful changes at the company since Avi Cohen took over as CEO. Mr. Cohen has undertaken the planning and implementation of a new direction. This has resulted in new products, increased sales, and overall renewed vigor at Orbit. With a can-do attitude and a new vision, the new CEO is proving that his current plan is the right one, resulting with company growth and success even in the face of a global economic downturn.

According to ‘Frost and Sullivan’, an international market research company, Orbit currently holds 17% of the world market for installations of VSAT antennae for satellite reception onboard marine platforms. Orbit, according to market research, is considered the world’s second largest supplier of these types of systems. ‘Frost and Sullivan’ asserts that the market size of the marine segment of satellite communication is expected to reach $1.3 billion (systems and services combined).

Cohen goes on to say,” We anticipate that in the near future, every moving platform such as ship or train will have broadband connectivity capability. We believe this to be the inevitable consequence of the ever increasing ‘staying connected’ demand. Orbit is certain to benefit from this growth. As we continue to add value to our customers, we enjoy very high demand levels for Orbit's VSAT systems at this point, and we see no reason for change in this increasing growth rate.”

Tags: Orbit Technologies