Oil & Gas Journal: Brunei Shell Petroleum Awards Astrata Group Inc. with Multi-million-dollar Five-year Contract To Support Onshore and Offshore Oil and Gas Exploration (ShellNews.net) Posted 7 April 05
LOS ANGELES, March 31 /PRNewswire-FirstCall/ -- Astrata Group Incorporated (OTCBB: ATTG), an international provider of high-precision survey products and services and innovative location-based IT services and solutions, announced today that Brunei Shell Petroleum Company Sdn Bhd ("BSP") has awarded Astrata (B) Sdn Bhd a five-year contract for the provision of location-based services to support their oil and gas exploration activities. The multi-million-dollar contract will include the supply of world-class high-precision geomatics services and mobile telematics solutions, including the supply of Astrata's innovative Geo-Location Platform ("Astrata-GLP," known as "Sirius" outside the United States), the world's smallest and most technologically advanced fleet management and vehicle real-time tracking technology.
Brunei Shell Petroleum Co. Sdn Bhd's activity is primarily exploring for and producing crude oil and natural gas from onshore and offshore fields. The company's average production level in 2000 was 190,000 barrels per day for oil and 28.87 million m3 per day for gas. The company is strongly committed to environmental protection and improvement. Its environmental policies require air emissions reduction, minimizing use of resources, and control of effluent discharges, waste management and disposal, oil spills, and site remediation.
For the last ten years, Astrata's senior management has been actively involved with BSP projects, providing precise positioning, offshore survey services, land survey services and automatic vessel tracking. The Company recently established Astrata (B) Sdn Bhd in Kuala Belait, Brunei, to provide direct local support to Astrata's expanding operations in the area.
Sandy Borthwick, Managing Director for Astrata's Asia Pacific region, said, "We are extremely pleased to receive this new five-year contract with BSP. Historically, we have a long-standing relationship with this company and are well experienced with its geomatics and positioning needs. Moreover, we are fully committed to BSP's strict Health, Safety and Environment (HSE) procedures."
Anthony Harrison, CEO of Astrata Group Incorporated, commented, "Astrata's international growth since becoming a U.S. public company in August 2004 has been rapid but carefully guided. Our new Astrata Geo-Location Platform is being rapidly embraced by governments and multi-national corporations with large fleets of vehicles and containers that require continual remote monitoring and control for their security and that of the population. At the same time, we continue to refine our state-of-the-art geomatics and telematics services to meet the exacting needs of customers in the mining, construction and utilities industries as well as various governments."
About Astrata Group Incorporated
Astrata Group Incorporated (OTCBB: ATTG) has been a world leading provider of precision survey products and services for almost 20 years. Concentrating mainly on the sub-Saharan Africa region, Astrata pioneered the evolution of the land survey business through the continuous introduction of the latest GPS technologies. Astrata has worked with all major land survey authorities and has a wealth of land survey experience within the company.
Astrata is also focused on advanced location-based IT services and solutions (GEO-IT) that combine GPS positioning, wireless communications (satellite or terrestrial) and geographical information technology, which together enable businesses and institutions to monitor, trace, or control the movement and status of machinery, vehicles, personnel or other assets. Astrata has designed, developed, manufactured and currently supports seven generations of GEO-IT systems with over 80,000 units deployed worldwide.
Sales are divided between two divisions: telematics (remote asset management solutions) and geomatics (high-end professional GPS surveying and positioning systems with accuracies approaching three millimeters). Astrata has over 200 permanent employees and employs nearly 100 people in its R&D and manufacturing divisions. For further information about the company and its products, please send an email to info@astratagroup.com or visit the Web site at www.astratagroup.com.
About Astrata (B) Sdn Bhd.
Astrata (B) Sdn Bhd was established in early April 2004 and has been registered with Registry of Companies as a local private limited company owned jointly by Astrata (Asia Pacific) Pte Ltd and a Bruneian Bumiputera partner. Astrata (B) Sdn Bhd is fully supported by Astrata (Asia Pacific) Pte Ltd and Astrata Group Incorporated.
About Astrata (Asia Pacific) Pte Ltd.
Astrata (Asia Pacific) Pte Ltd was established in Singapore on October 6, 2003. Astrata (Asia Pacific) Pte Ltd serves as the corporate Asia Pacific Regional Headquarters and is also the holding entity for other registered companies, joint ventures and strategic partnerships in the Asia Pacific region.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Astrata Group Incorporated (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
Consulting For Strategic Growth I, Ltd. ("CFSG") provides the Company with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG's receipt of cash compensation from the Company, CFSG may choose to purchase the common stock of the Company and thereafter liquidate those securities at any time it deems appropriate to do so.
Contacts: Stanley Wunderlich, Consulting for Strategic Growth, 800-625-2236, or 212-896-1280 (direct), or fax: 212-337-8089, or CFSG1@aol.com.
Source: Astrata Group Incorporated
CONTACT: Stanley Wunderlich, Consulting for Strategic Growth,
800-625-2236, or 212-896-1280 (direct), or fax: 212-337-8089, or
Web site: http://www.astratagroup.com/
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