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Viasat Announces New Reporting Segment Structure

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CARLSBAD, Calif., July 25, 2024 /PRNewswire/ — Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today outlined additional information about its new segment reporting structure commencing with the quarter ended June 30, 2024. The new segment reporting is designed to better reflect the diverse and attractive end markets the company serves and to provide investors greater insight into Viasat’s business lines and growth opportunities.

Commencing with its first quarter of fiscal year 2025, the company will report its financial results based on two new reportable segments: Communication Services and Defense and Advanced Technologies.

Communication Services is comprised of four primary business lines: Aviation, Government Satcom, Maritime, and Fixed and Other.The Communication Services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for fixed and residential broadband customers. These solutions include nose-to-tail connectivity for commercial airlines and business jet customers, including our market-leading passenger Wi-Fi services. In commercial maritime, marketed under the Inmarsat Maritime brand, solutions support vessel operation, navigation, crew connectivity and safety services, and include the new NexusWave fully managed connectivity service. In the government market, Viasat offers highly trusted and secure interconnectivity solutions for defense and civilian government customers. Additionally, within this segment Viasat develops and offers a wide array of advanced satellite and wireless products, and networks and terminal solutions that support or enable the provision of fixed and mobile broadband and narrowband services.Defense and Advanced Technologies is comprised of four primary business lines: Information Security and Cyber Defense, Space and Mission Systems, Tactical Networking, and Advanced Technologies and Other.The Defense and Advanced Technologies segment provides a diverse set of resilient, vertically integrated solutions, leveraging core technical competencies in encryption, cyber security, tactical gateways, modems and waveforms, to government and commercial customers. The Information Security and Cyber Defense business line offers high-quality encryption products that ensure data security, whether at rest or traveling through a network. The Space and Mission Systems business line builds technologies for use on the ground (antennas, modems and gateways) or in space (space-based communication systems and payloads). The Tactical Networking group provides resilient communications designed for on-the-move or on-the-pause operations in a multi-domain battlespace with friendly force tracking and narrowband solutions. The Advanced Technologies and Other business line focuses on commercial communication satellite product development, orchestration of sovereign and multi-orbit solutions and emerging growth markets, including direct-to-device.

Viasat previously announced its intention to introduce a new segment reporting structure commencing with the first quarter of fiscal year 2025 at the time of reporting its Q4 FY2024 results, on May 21, 2024.  The previous reporting structure (for periods through March 31, 2024 – FY2024) reported financial results in three segments: Government Systems, Satellite Services and Commercial Networks.  [Link here for Q4 FY24 shareholder letter.]

“We are pleased to share our new reporting structure which helps communicate our markets and value drivers and provides greater insight into our progress in each portion of our business portfolio,” said Mark Dankberg, Chairman of the Board and Chief Executive Officer, Viasat, Inc.

“Viasat is a leading provider of space and ground network technologies and service solutions for a broad range of commercial and government customers with a long heritage serving narrowband and broadband low earth orbit (LEO), broadband mid earth orbit (MEO), and broadband and narrowband geostationary orbit (GEO) communications and earth observation applications. We believe we are the only satellite operator with this broad range of global, vertically integrated capabilities and are well positioned with a long runway of growth opportunities.”

Viasat has prepared unaudited illustrations of the company’s financial reports for Fiscal Year 2023 and 2024 to reflect the company’s results based on the new segment reporting, which can be found on Viasat’s IR site.

About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on Facebook, Instagram, LinkedIn, X or YouTube.

Copyright © 2024 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered in the U.S and in other countries to Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

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SOURCE Viasat, Inc.

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Huawei Peer-Recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure

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3 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — On September 24, 2024, Huawei announced that it has been peer-recognized a 2024 Gartner® Peer Insights™ Customers’ Choice in the Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure thanks to its Xinghe Intelligent Campus offerings. This marks the fifth year in a row that Huawei has received this distinction. Notably, Huawei receives Customers’ Choice distinctions in four of the six customer segments: Midsize Enterprise (50M – 1B USD); Public Sector, Government and Education; Asia/Pacific; and Europe, the Middle East and Africa.

As of June 30, 2024, customers across diverse sectors — including manufacturing, IT services, education, and telecommunication — have reviewed Huawei’s complete Xinghe Intelligent Campus offerings on the Gartner Peer Insights platform. We believe their impressive feedback showed global recognition of Huawei from the industry influence, deployment scales, and mature commercial use perspectives.

“We’re thrilled to be named a Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure again,” said Shawn Zhao, President of Huawei’s Campus Network Domain. “Recently, Huawei launched the newly upgraded Xinghe Intelligent Campus that takes wireless, application, and O&M experience to new levels with AI technologies, ultimately accelerating the digital transformation of enterprises.”

Looking ahead, Huawei will further innovate Xinghe Intelligent Campus offerings from wireless, application, and O&M experience upgrade perspectives, helping all industries stride to the future of experience-centric intelligent campus networks.

For more about Gartner® Peer Insights™ Customers’ Choice, visit: https://www.gartner.com/reviews/market/enterprise-wired-wireless-lan-access-infrastructure 

Disclaimer:

Gartner, Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure, Peer Contributors, 12 September 2024

Gartner, Peer Insights, Magic Quadrant and Customers’ Choice badge are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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SOURCE Huawei

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“MLOVE” Rangers Speakers to be unveiled at Global Sources Consumer Electronics Show 2024.10

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4 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — MLOVE, announces its participation in the Global Sources Consumer Electronics Show during October 11 to 14, 2024 in Hong Kong. We look very much forward to offering 7 original and pioneering Busking Speakers from MLOVE Rangers Series.

To further expand MLOVE on the global market and have more face-to-face communications with our customers and agents, we are scheduled to attend the Global Sources Consumer Electronics Show.

Come and Join Us at:
Booth No.: Hall1, 1D26
Time: October 11 – 14, 2024
Address: AsiaWorld-Expo • Hong Kong

About Global Sources Consumer Electronics Show

Global Sources Consumer Electronics show, the world’s largest export-centered electronics sourcing trade show, features over 3,100 booths offering a whole host of industry innovations, which cover 9 major product categories including smart wearables, TWS, AR/VR, energy storage, solar energy, and charging stations — all in high demand for the world’s buyers. Aside from their diversity, what these products share in common are strong branding, intelligence, and innovative design.

Introducing 7 New Masterpieces: Rangers Busking Speakers

MLOVE S3 Pro, S1, S5 ,D5, D4, D6, D8 Pro

Three Main Functions In One Speaker  

Playing Music Speaker
Sound is the soul of the speaker. We are committed to shaping the sound characteristics of our own style with deep and dynamic bass, clean and clear vocal, stable treble, bass, vocal, and treble balance so that every note is full of our persistence and passion, bringing users an unprecedented auditory feast.

Karaoke Speaker
Support 2 wireless UHF microphones,
high quality metal housing and cardioid voice collection Microphone
Multi channels timbre adjustment independently, customized your tone

Musical Instrument Amplifier
This function specially developed for musical instrument lovers
Portable size, you can make a street busk with your friends easily
Different musical instruments assigns independent impedance matching tap
Maximizes the musical instrument’s sound

Other Special Features:
100+ Connections Together
Reverse Charging other devices
Wireless/Wired Recording
OTG playing and charging
Wireless/Wired Live Streaming

About MLOVE

Established in 2008, the MLOVE factory is a national high-tech enterprise that integrates ID design, research and development, production, and sales and after-sales service. It is also a specialized and innovative enterprise in the Guangdong Province. MLOVE factory has a modern independent industrial park of 30,000 square meters, strategically cooperated with SMT and injection molding suppliers.

Currently, MLOVE product line includes Rangers Karaoke and musical instrument speaker series, retro home speaker series, and portable outdoor speaker series.

We will continue to pursue excellence and provide customers with higher quality products and services.

Thank you for your attention. We look forward to establishing a long-term and stable cooperative partnership with customers all over the world.

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SOURCE MLOVE

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Good Media: Two Guinness World Records Set! Shenzhen’s stunning drone show kicks off National Day celebrations

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4 hours ago

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September 29, 2024

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — On the evening of September 26, Shenzhen hosted a spectacular drone show themed “City of Sky, Maybe Shenzhen” above Shenzhen Bay Park. A total of 10,197 drones took to the sky simultaneously, setting two Guinness World Records: “The most multirotor/drones airborne simultaneously from a single computer (outdoors)” and “The largest aerial image formed by multirotors/drones”.

The drone light show was a breathtaking spectacle. A vast array of drones came together to form a stunning starry sky, making the audience feel as though they were floating in an endless universe. What truly amazed the crowd was the sight of a floating “Sky City” materializing in midair, intertwined with iconic Shenzhen elements like the city’s landmarks, light shows, and scenes of Wing Chun, all symbolizing the limitless future of Shenzhen. Following this, dazzling “cyber fireworks” lit up the night, painting a vibrant picture of Shenzhen as a “City of Miracles, City of Innovation, City of Future”. 

The drones’ kaleidoscopic display in the night sky was not just a technological and visual feast but also a vivid demonstration of Shenzhen’s limitless potential as a “Sky City” for global visitors. 

It is worth noting that this drone show was just the beginning. During the National Day Holiday, Shenzhen will continue the drone performances for seven consecutive days. Daily shows will feature 10,000 drones across five districts in a relay format. 

To welcome global tourists to experience low-altitude tourism, starting from September 23, Shenzhen has been offering special holiday packages for seven consecutive days. This includes 10,000 low-altitude flight experience vouchers, allowing visitors to enjoy helicopter rides and take in the stunning urban landscapes, mountains, and coastal vistas of Shenzhen from above. 

In addition, Shenzhen will host over 300 highlight cultural and tourism activities. It will also offer more than 40,000 discounted attraction tickets, 2,000 free admission tickets, and 1,000 Shenzhen Airlines upgrade vouchers, inviting tourists from around the world to join in this grand autumn tourism celebration.

 

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SOURCE Good Media

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