• Yahsat will provide advanced telecommunication services and solutions to integrate with Ericsson's private networks solutions and devices across the oil and gas, mining and ports industries
  • Partnership will allow both organizations to expand their reach and boost sales in existing and new regions across Middle East, Africa, and Asia 

Abu Dhabi, United Arab Emirates, 25 November 2021: Al Yah Satellite Communications Company PJSC ("Yahsat" and, together with its subsidiaries, "the Group") listed on the Abu Dhabi Securities Exchange ("ADX") (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE's flagship satellite solutions provider, today announced a group-wide partnership  with Ericsson (NASDAQ: ERIC) to provide private network, data and internet connectivity services across the oil and gas, mining and ports industries. The integrated solution provides secure, reliable and low-latency local connectivity to deploy Industry 4.0 use cases on a single network while ensuring that sensitive data remains on-site.

Yahsat and Ericsson will offer integrated solutions focused on critical connectivity to address industry challenges, including the lack of network separation for communications, high running costs, and data speed and coverage limitations.  Under this agreement both parties will co-market and expand their sales of several important applications such as remote sensing, video surveillance, UAVs and drones, geo-positioning, backhaul solutions for offshore oil rig sites, and general data connectivity. The solutions offered will play a vital role in completing the technology and connectivity ecosystem needed for automation and IoT adoption in these industries.

The partnership leverages Ericsson’s telecommunications and technology leadership position for these critical industries which often operate in remote locations. Yahsat and Ericsson will further expand their private network presence across the region and provide value-adding services to existing and prospective customers.

Ali Al Hashemi, Yahsat Group CEO, said, "We are delighted to collaborate with Ericsson to deliver comprehensive integrated communications solutions to the oil and gas, mining and ports industries. Leveraging our combined areas of expertise, we are confident that we will play a key role in overcoming the access and connectivity challenges facing these critical industries and further build upon our strong value proposition to prime customer segments, regionally and internationally”.

Åsa Tamsons, Senior Vice President and Head of Business Area Technologies and New Businesses at Ericsson, added: "Ericsson has introduced private 5G networking solutions to fuel innovation and drive efficiency and sustainability across every sector. In addition, 5G enables automation, increases safety and facilitates lower carbon operations. Ericsson's private network solution, combined with Yahsat’s satellite connectivity and services, will empower advanced IoT use cases. Predictive maintenance, connected worker, augmented reality, sensor-based monitoring, and automated guided vehicles are some exciting examples."

-Ends- 

About Yahsat

Al Yah Satellite Communications Company PJSC (Yahsat) is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment Company PJSC, offering multi-mission satellite services in more than 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.

Yahsat's fleet of 5 satellites reaches more than 80% of the world's population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Based out of Abu Dhabi in the UAE, Yahsat provides C, Ku, Ka and L-band satellite communications solutions for land, maritime and aero platforms to consumers, governments and enterprises. Its businesses consist of Yahsat Government Solutions, Thuraya, YahClick (powered by Hughes) and YahLink. Yahsat also participates in Hughes do Brasil, an equity partnership with Hughes, and Yahlive, an equity partnership with SES. In 2020, Yahsat commenced construction of Thuraya 4-NGS, the next generation telecommunications system for Thuraya, which is due to be in service during 2024.

For more information, visit: www.yahsat.com; Follow us on Twitter: @YahsatOfficial

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Digital Services, Managed Services and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com 

Media Contacts
Media:
Ahmed Al Shamsi
A/EVP of Communications – Yahsat
Aomran@yahsat.ae
Investor Relations:
Layla Al Hayyas
Head of Investor Relations - Yahsat
InvestorRelations@yahsat.ae
Lukasz Gwozdz 
Director – Finsbury Glover Hering
lukasz.gwozdz@finsbury.com
Ahmed Jebur  
Director – Finsbury Glover Hering
Ahmed.jebur@fgh.com

Legal Notice and Cautionary statements relevant to forward-looking information

This announcement may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words such as "will", "intend", "continue to" and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties and assumptions about the Group's financial performance, the cash management requirements of the Group for operating expenses, interest expense, and anticipated capital expenditures, and market conditions, the then current operating environment in its markets, and the Board of Directors' outlook for the business of Yahsat (the "Company"). The forward-looking statements in this announcement speak only as at the date of this announcement. These statements reflect the beliefs of the directors of the Company (including based on their expectations arising from pursuit of the Company's strategy) as well as assumptions made by the directors of the Company and information currently available to the Company.

Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate and the Company does not accept any responsibility for the accuracy or fairness of the opinions expressed in this announcement or the underlying assumptions and expressly disclaim any obligation or undertaking to update, review or revise any forward looking statement contained in this announcement whether as a result of new information, future developments or otherwise. Actual events or conditions are unlikely to be consistent with, and may differ significantly from, those assumed. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur. No representation or warranty is made that any forward-looking statement will come to pass. No one undertakes to update, supplement, amend or revise any forward-looking statements. You are therefore cautioned not to place any undue reliance on forward-looking statements.

Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction.

The Company's ability to pay dividends is dependent on a number of factors, including the availability of distributable reserves and the Company's capital expenditure plans and other cash requirements in future periods, and there is no assurance that the Company will pay dividends or, if a dividend is paid, what the amount of such dividend will be. 

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