Nera Telelecommunications, Singapore has signed a contract for supply of Nera WorldCommunicator with Isaiah Verse 65 Foundation Inc, in the Philippines with a value of about 35 MNOK.
Nera Telelecommunications, Singapore has signed a contract for supply of Nera WorldCommunicator with Isaiah Verse 65 Foundation Inc, in the Philippines with a value of about 35 MNOK. Nera shall deliver 1,000 satellite telephones to a data application network enabling the customer to transact banking functions from the many small islands in the Philippines to the commercial centers.
The Nera WorldCommunicator, commonly used by broadcast for satellite news gathering and transmitting video images, will be used to transmit data transactions via Inmarsat Global Satellite using the propriety Electronics Business Operating System (EBOS) of I-65 Corporation.
Under the Agreement, NeraTel will provide technical support and training to Isaiah65's customers and technical personnel. This will facilitate the operation and maintenance of the Equipment that connects Local Area Network (LAN) and Wide Area Network (WAN) of banking and non-banking financial institutions for on-line connectivity and e-commerce.
"We are indeed honoured to have been awarded this contract. This adds another milestone to the NeraTel Group and it expands Nera WorldCommunicator data applications into the banking and financial sector," said Samuel Ang, the President and CEO of NeraTel and Executive Vice President of Nera ASA, Norway. "It clearly demonstrates that we have a cost effective solution using satellite technology for the global data communications market."
"The Nera WorldCommunicator with MPDS capabilities was launched in July 2002,". said J. Dante Mara, the President and CEO of Isaiah65. "Filipinos take pride in being the first to utilise it with a financial platform efficiently and economically linking our rural and development banks to the mainstream banking network of MegaLink, BancNet and the rest of the world enabling them to transact banking functions in real time."
This technology project, when fully implemented, shall provide opportunities to the merchants of various trade industries as it will connect 7,100 islands in the Philippines to major centres of trade, commerce and industries. The system provides the electronic link to banks located in rural areas and thus help to expedite data transmissions.
The capabilities of MPDS are important to the project as it offers the required bandwidth for transmitting financial information. MPDS operates on 64kbits/s satellite channels, for both to-mobile and from-mobile directions and offers continuous on-line connections.