This contract extension is the latest addition to Astrata Group's growing list of new revenue contracts, including its recent record-breaking USD($)93 million telematics contract, which the company believes is the largest single contract in the history of the telematics industry.
Mark Tuttle, Head of Geomatics for Brunei Shell, commented: "Astrata has proved itself to be a capable and reliable supplier of onshore location-based services meeting their contractual requirements in a timely and professional manner."
"We are pleased to announce that Brunei Shell has renewed its contract with Astrata. It is testimony to our continued commitment during the past three years in providing reliable and quality services and constantly improving HSSE," said Martin Euler, Astrata's CEO.
About Astrata Group, Inc.
Astrata Group, Inc., (OTCBulletinBoard: ATTG) is a US publicly listed company. Astrata is focused on advanced location-based IT services and solutions (telematics) that combine GPS positioning, wireless communications (satellite or terrestrial) and geographical information technology, which together enable businesses and institutions to monitor, trace as well as control the movement and status of machinery, vehicles, personnel or other assets. Astrata has designed, developed, manufactured and currently supports seven generations of telematics systems with units deployed worldwide.
Astrata has offices throughout the world including the United States, Europe and Asia. For further information please visit www.astratagroup.com.
Brunei Shell Petroleum Company
Brunei Shell Petroleum Co Sdn Bhd is a dynamic, world-class company and one of the biggest energy companies in Asia. We have a long history in Brunei of more than 75 years and we are at the leading edge of energy technology. We put safety and environment at the heart of everything we do and invest in the people and community of Brunei.
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 of 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 and maintain 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.
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Web site: http://www.astratagroup.com/