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iDirect Satellite Communications Platform Selected By China's CrossSat Telecom Technology Co. Ltd. To Provide IP Broadband Services to Oil and Gas Industry

Posted on: Monday, 30 July 2007, 12:13 CDT

HERNDON, Va., July 30 /PRNewswire/ -- iDirect Inc. (iDirect), a company of Vision Technologies Systems Inc. (VT Systems), today announced a contract win valued at around US$500,000 from CrossSat Telecom Technology Co. Ltd. (CrossSat), a major independent oil and gas exploration group based in China. CrossSat has purchased an iDirect iNFINITI universal 5IF satellite hub and 60 iDirect remote satellite routers to create a global IP network supporting both Ku and C satellite bands.

CrossSat will provide satellite connectivity to multiple Chinese oil and gas companies, whose operations span China, the Middle East, Europe and Africa. The CrossSat network will support seismic exploration and drilling applications on both terrestrial and offshore drilling platforms. Initial customers include the China National Petroleum Corp. (CNPC), the nation's largest oil and gas company.

The contract increases iDirect's presence in China and bolsters its position as a leader in the oil and gas industry worldwide.

"With iDirect's technology, CrossSat can leverage a single platform to connect to multiple satellites and support any satellite band. This greatly expands the market that we can serve and enables us to meet the diverse needs of the oil and gas industry in China and around the world."

- YU Sun Chief Executive Officer, CrossSat

"With rising demand for satellite bandwidth checked by limited capacity, network operators require satellite solutions that deliver increased data throughput and maximize their technology investments. We are pleased that CrossSat chose iDirect's satellite platform as a strategic investment to expand its business opportunities while minimizing its operational costs."

- Andrew BOND-WEBSTER Regional Vice President and Managing Director, Asia, iDirect

This contract represents iDirect's second major hub installation in China. Last month, it announced a contract with PetroChina's Bureau of Geophysics (BGP) Oil/Gas Exploration Group, a division of CNPC. iDirect is currently the satellite platform of choice in the global oil and gas industry. These two recent contracts indicate that network operators in oil and gas market in China are recognizing and adopting iDirect's technology.

iDirect, a company of VT Systems, designs, develops, and markets satellite-based broadband access solutions targeted at the enterprise, government, carrier and educational sectors that have the need for fast, flexible, and geographically dispersed two-way internet/intranet access. The company has developed technology solutions that combine high performance, worldwide availability, ease of installation, high reliability, and low cost to end customers. In addition, iDirect solutions offer unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. iDirect was awarded the 2005 World Teleport Association Teleport Technology of the year, the Innovation & Technology of the Year by The ISCe Advisory Board, and named number one in the Deloitte & Touche Virginia Technology Fast 50 list of the fastest-growing U.S. technology companies. iDirect operates its corporate headquarters in Herndon, Virginia and has regional offices in Europe, Asia, and covering Latin America. Additional information is available on the company website at http://www.idirect.net/.

VT Systems and its subsidiaries are preferred providers of engineering solutions, products, integrated systems, and services in the Americas across the core business areas of marine, aerospace, electronics and land systems. Headquartered in Alexandria, Virginia, VT Systems operates throughout North America and offers a broad range of proven innovative services to both the commercial and government sectors. VT Systems is a wholly owned subsidiary of Singapore Technologies Engineering Ltd. Please visit http://www.vt-systems.com/.

iDirect Inc.

CONTACT: John Severance of Sheffield Marketing Partners,+1-630-281-4097, Mobile: +1-312-953-3396, jseverance@sheffieldcompany.com, foriDirect; Julie Gouldin, Vice President Corporate Marketing of iDirectTechnologies, +1-703-648-8155, jgouldin@idirect.net; or Carol Hrovoski,Corporate Communications Manager of VT Systems, +1-703-739-2610,chrovoski@vt-systems.com

Web site: http://www.idirect.net/http://www.vt-systems.com/

Source: PRNewswire

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