Skyware Global Spins Off Satellite Electronics, TGS - Creates Skyware Technologies

SMITHFIELD, N.C. - May 23, 2013 - PRLog -- STOCKPORT UK / KREFELD GERMANY  (22 May 2013) Skyware Global announced today that it has spun off its satellite electronics engineering and Tactical Ground Systems deployable terminals businesses to create Skyware Technologies.   Skyware Global will continue to focus on the innovative total system development, design, and manufacturing of its world-class, antenna systems for the DTH, consumer broadband and VSAT markets.

The spin-off creates a new entity to encompass all of Skyware Global’s premier electronics engineering offerings, including operations in Krefeld, Germany, the Stockport, UK engineering office, as well as the rapidly growing Tactical Ground Systems division which will continue to develop deployable, integrated terminals.  David C. McCourt, will remain Chairman of Skyware Global and will also assume the role of Interim Chairman for Skyware Technologies to allow for on-going consistency and collaboration, and to help customers take advantage of the new capabilities.

Mr. McCourt commented, “We felt that it was in our customers’ best interest to focus our resources on driving the development and innovations in our antenna design and high-volume manufacturing processes, while enabling our electronics and Tactical Ground Systems verticals to grow to the next level.”

By building upon the exemplary reputation of Skyware Global, this heightened level of focus will allow for greater speed to market, enhanced agility and increased responsiveness to customer requirements. Skyware Global will continue to design the high quality antenna solutions it is known for and make additional advancements in its manufacturing operations. Skyware Technologies will now be able to pursue investments, grants and customer opportunities in sectors that may not have been available otherwise, while Skyware Global will be able to focus on best of class technologies to provide total solutions in support of major satellite communication systems.

Continues Mr. McCourt, “Emerging technologies in satellite systems are a key driver in creating the most cost-efficient, global communications infrastructure that the world is now demanding. Skyware Global’s engineering assets are among the best in the world and coupled with our ability to design for high-volume, efficient manufacturing processes, we are thrilled to take advantage of the opportunities that exist at this time to leverage resources and pursue exciting developments on all fronts.”

The spin-off is expected to be seamless to Skyware Global’s customer base as Skyware Global and Skyware Technologies will collaborate to ensure the continuation of joint projects, and will team in providing cutting-edge, “bundled” outdoor solutions to existing and new customers.