The mobile terminals are used to monitor the location and security status of a large range of fixed and mobile assets globally. This achievement coincides with a period of rapid growth and adoption of Satamatics' location- tracking and remote-reporting services and technology fuelled by homeland defense, maritime and transport security applications, and oil and gas production monitoring.

The company provides satellite airtime, mobile terminals, network services and end user applications utilizing its unique global-coverage network of ground station satellite gateways, message handling systems and data processing centers.

Satamatics attributes its growth and the sustained increase in satellite terminal activationscurrently running at over 3000 new activations per monthto the increasing worldwide need for national, corporate and personal security with its low-cost mobile terminals forming part of many anti-piracy and anti-hijacking solutions.

Coinciding with Satamatics' launch of its own miniature battery-operated satellite terminal during the 3rd quarter of 2003 -

- the SAT 101its network has gone from processing a handful of mobile terminals to over 50,000 since taking over Inmarsat's D+ packet processing in July of 2001.

Recurring revenues from the monthly subscription of these mobile terminals has made a significant contribution to Satamatics' revenue growth. Key market niches that have deployed a large number of Satamatics mobile terminals include the GPS tracking and security status of ships, tractor-trailers, cargo containers and personnelmilitary and civil.

It is also being deployed for micro-telemetry remote alarm applications in the oil and gas, utilities and environmental monitoring sectors. Geographically, the Americas and Middle East markets have been representing strong growth areas, especially in the fields of transportation security, personnel safety, and remote site monitoring.

Brian Hester, President & COO of SatamaticsUSA, commented on the company's achievement: "Satamatics' key strengths which have contributed to this rapid growth are the reliability, capacity and technical capability of our worldwide network. Couple this with the genuinely global, anywhere-anytime coverage that the Inmarsat D+ satellite network provides, and it's easy to understand why the adoption of the Satamatics technology is really starting to take off.

"Competitors in the satellite tracking and monitoring market are hard pressed to offer the breadth of products and services that Satamatics is now beginning to deliver. This growth acceleration is proving the validity of our business model; the economical delivery of end-to-end solutions to the customerwhether the requirement is for the GPS tracking and monitoring of sensitive container cargo, monitoring a ship's security alert system, or reporting the status of a remote oil pipeline or well.

"Our communications network provides seamless international roaming, with the messaging costs remaining fairly constant irrespective of location. The combination of all these factors puts our company in an extremely strong position, and one that is virtually unique in the marketplace. "Our growth to date has been entirely due to markets outside of North America, however we believe the US market to be underserved and ripe for our product and services. Since receiving our FCC license in the 2nd quarter of 2003, we have experienced exceptional revenue growth with 2004 being a banner year for Satamatics here in the Americas."

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