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Shenzhen Securities Goes With HNS For Broadband Satellite Network
Germantown - Dec 17, 2003 Hughes Network Systems, Inc. (HNS), the world's leading provider of broadband satellite solutions, today announced that it is supplying the Shenzhen Security Communications Co. Ltd. (SSCC) with a comprehensive Direcway broadband satellite network. The multi-million dollar contract comprises two Network Operations Centers (NOCs) and more than 3,500 DW1000 remote satellite terminals. SSCC provides database communication services for the Shenzhen Securities Exchange, one of two stock exchanges in mainland China, handling billions of Yuan in transactions annually, with 508 companies listed from across the country. With the Direcway broadband satellite network, SSCC will be able to broadcast vital stock information to stock brokerages across China in real- time, thereby improving the services they provide their customers. "The communications demands of the Shenzhen Securities Exchange require a high-speed, reliable and secure solution that we found can only be met by using broadband satellite," said Dr. Sun Chenjian, CEO of Shenzhen Security Communication Co. "We chose HNS after testing the solution and determining that the Direcway system performance and price, and HNS' reputation, are unmatched." Initially deployed as a one-way broadcast system, operational in December 2003, the Direcway network can be expanded easily to a two-way solution as SSCC's needs expand. "Wide area, secure, high-speed broadcasting capabilities are critically important to the services SSCC provides Shenzhen Securities Exchange as customers are spread throughout the country and the need to provide information in real-time is essential for trading," said K.C. Kuo, vice president and general manager, Asia-Pacific Region, for Hughes Network Systems. "Direcway satellite broadband is the ideal solution to meet these requirements." Over 13 percent of China's annual gross domestic product is traded on the Shenzhen Securities Exchange, with over 3,400 trading seats available on the Exchange-a marked increase from the mere 15 seats available when the Exchange opened in 1991. This steady expansion demonstrates the growth potential for the market and its communications needs. "HNS is committed to providing its customers with Direcway broadband satellite solutions that grow with their needs. SSCC is an excellent example of a company that has both immediate and long-term needs that can be addressed most cost effectively by satellite. By upgrading their communications network to broadband satellite today, the company not only is meeting the current needs of its customers, but investing in their future requirements," said Bahram Pourmand, executive vice president and general manager, International Division at HNS. Community Email This Article Comment On This Article Related Links Hughes Network Systems SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express VSAT News - Suppliers, Technology And Applications
SkyTerra Announces Plans To Separate Into Two Public Companies
New York (SPX) Sep 23, 2005SkyTerra Communications announced Thursday that it plans to separate into two publicly owned companies: SkyTerra, which would solely hold SkyTerra's current stake in each of Mobile Satellite Ventures and TerreStar Networks; and a newly formed entity that would own all of SkyTerra's other assets including its managing interest in Hughes Network Systems. |
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