ViaSat Appoints Tom Moore as Senior Vice President and President of ViaSat-1 Satellite Initiative
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ViaSat Inc. (Nasdaq:VSAT) announced today that it has appointed Tom
Moore as Senior Vice President of the company and President of the
recently announced ViaSat-1 Ka-band broadband satellite initiative,
effective immediately. Mr. Moore, a co-founder, director and former
president and CEO of WildBlue Communications, will lead ViaSat’s
ViaSat-1 Ka-band broadband satellite initiative.
Announced in January, ViaSat-1 is expected to be the world’s
highest capacity and most cost efficient broadband satellite. With the
market demonstrating high demand for satellite broadband services,
ViaSat-1 is designed to significantly expand the quality, capability,
and availability of high-speed broadband satellite services for U.S. and
Canadian consumers and enterprises. Compared to current Ka-band
broadband satellites, the ViaSat-1 satellite, optimized to work in
conjunction with the next generation ViaSat SurfBeam®
satellite DOCSIS® networking system, is
expected to increase the amount of Ka-band satellite capacity by more
than a factor of 10.
ViaSat-1 is the North American counterpart to Eutelsat’s
recently announced KA-SAT, a high capacity Ka-band broadband satellite
for Europe, with a launch planned in 2010. ViaSat and Eutelsat are
cooperating closely around ViaSat’s Ka-band
SurfBeam networking system and a common wholesale business model to
offer service through ISPs, telecommunication companies, and
direct-to-home television providers. Both projects are focused on
providing satellite and teleport infrastructure. The aggregate U.S.,
European, and Canadian coverage is projected to serve as many as 4
million satellite subscribers with unprecedented speeds and internet
media capabilities – creating powerful
economies of scale.
"Tom is a true visionary in the satellite
broadband industry. His instrumental role in bringing WildBlue from
concept to reality – including satellite
design, procurement, financing, strategic partnerships, ground
networking, launch and distribution relationships –
makes him a great choice to lead our ViaSat-1 team,”
said Mark Dankberg, CEO and chairman of ViaSat. "In
addition to his vast expertise and enthusiasm for our Ka-band
initiatives, his appointment demonstrates our commitment to operate this
important venture with dedicated resources that enable us to execute well,
while also maintaining focus on our core businesses.” "My passion has always been in the creation
of innovative technology and the application of that technology to
significant market opportunities,” said
Moore. "Working with Mark and the ViaSat team to develop this transformational, next generation platform for
satellite broadband is not only necessary for the industry, but also a
very exciting opportunity for me personally.”
Dankberg added, "On a personal level, I’ve
known and worked with Tom for almost a decade and have always admired
his ability to successfully see and bring ideas and businesses to
market. Our history together on the DOCSIS standard exemplifies our
close working relationship and the success we’ve
had together. With Tom joining our company, we are very eager to get him
immersed in this project.”
In 1998, Mr. Moore co-founded WildBlue Communications, the direct to
home Internet by satellite provider. He served as president, CEO and
director of the company from 1998 until 2005, and continues his
involvement today on its board of directors. Under his tenure, WildBlue
raised over half a billion dollars, built and launched its own special
purpose satellites, and deployed a nationwide consumer service that
continues to grow and attract new users.
Most recently, Mr. Moore served as a principal at TimesArrow, a
telecommunications and technology venture firm located in Denver,
Colorado. As part of his role supporting the firm’s
investments, he serves in senior management positions in its portfolio
companies including, president, CEO, and director of WaveBender, Inc.,
an innovative flat panel antenna technology company. Mr. Moore is also
on the board of the Telecommunications Program at University of Colorado
and serves as a founding member of the Colorado Governor’s
Innovation Council. In addition, he was previously in senior management
at Cable Television Laboratories (CableLabs), a non-profit technology
development consortium of the cable industry where he was instrumental
in the creation of the world-wide DOCSIS cable modem standard.
About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other digital communication
products that enable fast, secure, and efficient communications to any
location. The company provides networking products and managed network
services for enterprise IP applications; is a key supplier of
network-centric military communications and encryption technologies to
the U.S. government; and is the primary technology partner for gateway
and customer-premises equipment for consumer and mobile satellite
broadband services. The company owns five subsidiaries: US Monolithics,
Efficient Channel Coding, Enerdyne Technologies, Intelligent Compression
Technologies, and JAST. These companies design and produce complementary
products such as monolithic microwave integrated circuits, DVB-S2
satellite communication components, video data link systems, data
acceleration and compression products, and mobile satellite antenna
systems. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along
with its Comsat Laboratories division in Germantown, MD. Additional
field offices are located in Boston, MA, Baltimore, MD, Washington DC,
Australia, China, India, Italy, and Spain.
Safe Harbor Statement
Portions of this release, particularly statements about the performance
and deliveries of ViaSat products and technology, may contain
forward-looking statements regarding future events and are subject to
risks and uncertainties. ViaSat wishes to caution you that there are
some factors that could cause actual results to differ materially,
including but not limited to: contractual problems, product defects,
manufacturing issues or delays, regulatory issues, technologies not
being developed according to anticipated schedules, or that do not
perform according to expectations; and increased competition and other
factors affecting the telecommunications industry generally. The Company
refers you to the documents it files from time to time with the
Securities and Exchange Commission, specifically the section titled Risk
Factors in the Company's Form 10-K, which contain and identify other
important factors that could cause actual results to differ materially
from those contained in our projections or forward-looking statements.
Stockholders and other readers, this press release contains
forward-looking statements that are entitled to the protection of the
safe harbor contained in the Private Securities Litigation Reform Act.
These statements are based on current expectations, estimates,
forecasts, and projections about the industries in which we operate and
our beliefs and assumptions. In this press release, these
forward-looking statements include statements regarding our expected
future business, ViaSat-1, and the anticipated performance of the
satellite system and accompanying services. Readers are cautioned that
these forward-looking statements are only predictions and are subject to
risks, uncertainties and assumptions that are difficult to predict.
Accordingly, actual results could differ materially from those expressed
in or contemplated by the forward-looking statements. Factors that could
cause actual results to differ include the ability to realize the
anticipated benefits of the ViaSat-1 satellite system; construction
delays and cost overruns; launch or satellite failures; degradations in
satellite performance; and difficulties in obtaining regulatory
approvals. In addition, please refer to the risk factors contained in
our SEC filings available at www.sec.gov,
including without limitation, our annual reports on Form 10-K and our
quarterly reports on Form 10-Q. Readers are cautioned not to place undue
reliance on these or any forward-looking statements, which speak only as
of the date on which they are made. We undertake no obligation to update
publicly or revise any forward-looking statements for any reason.
SurfBeam is a registered trademark of ViaSat.
DOCSIS is a registered trademark of Cable Television Laboratories Inc.
Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc.
Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT
Corporation. "Comsat”
is a registered trademark of COMSAT Corporation.