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HOUSTON, Oct. 02, 2019 (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the Company), the leading provider of ultra-secure, intelligent networking solutions, had members of its executive team including CEO, Steven Pickett, CIO/CTO, Brendan Sullivan, and SVP, of Government Services, Jamie Barnett Rear Admiral USN (Retired) along with representatives from T-Mobile (NASDAQ: TMUS) met with Commissioner Carr during a tour of Valaris’ (NYSE: VAL; formerly known as EnscoRowan plc) Gulf Copper facility, including touring a state-of-the-art rig in Galveston, TX.
During the tour, the company representatives informed Commissioner Carr about the new 4G LTE and 5G-capable network launched across more than 60,000 square miles of the Gulf of Mexico (GoM). This network now connects offshore workers, vessels and critical infrastructure in an area larger than the state of Florida.
“We had the opportunity to discuss with Commissioner Carr the critical importance such a network has to help with the safety of the crews on the platforms and the integrity of drilling operations in the Gulf,” said Steven Pickett, CEO and President of RigNet. “Thousands of oilfield workers live and work on these platforms each day, and there are thousands of sensors on each platform that provide critical visibility to the safety and efficiency of drilling operations to onshore personnel.”
Utilizing RigNet’s already deployed 6Ghz Microwave Network, T-Mobile and RigNet have installed state of the art base stations that operate on the 600- and 700-megahertz spectrum; which is able to penetrate offshore assets more effectively than higher frequency solutions and can be picked up by most consumer mobile devices. The oil and gas drilling platforms within the coverage area will gain access to a low latency and high speed mobile connection.
“We are very happy to have met with Commissioner Carr to discuss the benefits and value of our Gulf of Mexico Microwave and LTE network,” continues Steven Pickett. “As the FCC considers the unlicensed use of 6 GHz spectrum, we have stressed that this would create network interference and could endanger offshore crews and other LTE users in the Gulf. We believe the Gulf should be excluded from the FCC's rulemaking. With this new LTE network, T-Mobile and RigNet customers’ critical communications will not be interrupted, helping to safeguard safety and drilling operations.”
About RigNet, Inc.:
RigNet (NASDAQ: RNET) delivers advanced software, optimized industry solutions, and communications infrastructure that allow our customers to realize the business benefits of digital transformation. With world-class, ultra-secure solutions spanning IP connectivity, bandwidth- optimized OTT applications, IIoT big data enablement, and industry-leading machine learning analytics, RigNet supports the full evolution of digital enablement, empowering businesses to respond faster to high priority issues, mitigate the risk of operational disruption, and maximize their overall financial performance. RigNet is headquartered in Houston, Texas with operations around the world. For more information, please visit http://www.rig.net.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 – that is, statements related to the future, not past, events. Forward-looking statements are based on the current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, including the expected benefits of acquiring and integrating other businesses, and often contain words such as “anticipate,” “believe,” “intend,”, “will”, “expect,” “plan” or other similar words. These forward-looking statements involve certain risks and uncertainties, including those risks set forth in Item 1A – Risk Factors of the Company’s most recent 10-K filing, and ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to RigNet’s SEC filings. RigNet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations Contact:
Lee M. Ahlstrom
Senior Vice President and Chief Financial Officer
Tel: +1 (281) 674-0699
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b9ae3566-e1fe-42c4-8913-363b7f6d89c9