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tions with the intention of strengthening its position as the preferred end-to-end solution provider. In order to achieve its growth objective, the company plans to aggressively expand its services into the fixed satellite business. This is a sector where there is con- siderable growth potential for services such as VSAT, IP backbone, high speed Internet and multimedia. Reed said that to achieve these targets, the company is strengthening the management team. He has joined the company from a position in international manage- ment with Norwegian telecom leader, Telenor, and already he has reshaped the organization of Station 12, creating two major operating business units. Station 12 sales and marketing director, Michiel Struijk has been appointed to head the Mobile Satcom Division. The company is searching for a top industry professional to head the Fixed Satcom Division. Michael P. Smith, previously general manager for Telstra Global Satellite, has joined the company to head a new function in corporate strategy and commu- nications. Paul Peppelman becomes responsible for network operations, including the Netherlands and Perth land earth stations, the company's link into the satellite network. The company will operate from its head office in The Hague, with a strong presence in Australia and select- ed markets. The CFO for the new company is Ron Kevenaar, previously financial officer within KPN Satcom. Circle 153 on Reader Service Card Stratos Acquires Seven Seas Stratos Global Corporation has entered into a definitive agreement to acquire the assets of Seven Seas Communications, Inc. for $15.5 million. The transaction is subject to completion of due diligence and other closing conditions. Seven Seas is the largest non- facilities based provider of global and regional satel- lite communication solutions to customers in the Americas. The company offers a full suite of products includ- ing Inmarsat, MSAT and Globalstar, as well as value- added services and customer care support. With sev- eral strategically located sales offices, approximately 20 direct sales individuals and an independent net- work of more than 100 dealers, Seven Seas has built a leading position in key land and maritime vertical market segments including natural resources, com- mercial fishing and yachting. Seven Seas has exhib- ited consistent revenue and EBITDA growth rates of more than 30 percent since 1995, with 50 percent growth in 1999. "We have had a close relationship with Seven Seas for over eight years and are very excited about the capabilities that Stratos will inherent through this acquisition," said Derek Woods, president and CEO of Stratos. "Not only do we strengthen our distribution capabilities in North America and Latin America, but the strong revenue and cost synergies make the transaction immediately accretive to operating income." July, 2000 itli Mathers Electronic Controls build tomorrow's propulsion control solutions today Have One-Tenth of an Inch Level Accuracy for All Liquid Cargos! This technology requires no in-tank support. The structure has proven reliability on over 10,000 tanks worldwide and has complete milspec self- diagnostics. • Made of two materials: teflon and stainless steel. • Can include multiple temperatures. • Can include tank header pressures. • USCG and ABS approved for closed tank gauging, • FM approved Class I, Div. I, Group C & D. • Big Blue compatible. • Readout in BBLS/Tons/GAL, etc. • Sea-made for leak detection. • Multiple display options. • Complete load Management Software. • Embedded Pump Control capability. ELECTRONIC MARINE SYSTEMS, INC. 800 Ferndaie Place Rahway, NJ 07065 Call today for more information! 732.382.4344 732.388.5111 fax emsmarcon@aoi.com e-mail http://www.emsmarcon.com Circle 252 on Reader Service Card 33 72 ft. "STARR" Northern Marine 1 MATHERS Call 800 546-5455 ntrols, Inc. • www.matherscontrols.com
