15/10/2007
BQTSAT has completed phase 1 of its satellite project
Dubai, UAE
BQT Solutions Limited (ASX:BQT) announce that its subsidiary BQT Satellites Pty Ltd (BQTSAT) has completed phase 1 of its Satellite project which has been awarded to the company in August 2007 by a semi governmental company based in Dubai.
The final price of the Satellite exceeds AUD150 Million and will be designed and build jointly with a world leading satellite producer.
The proposal will be presented to the Dubai based client at the end of October (after the Holidays following the holy month of Ramadan) and the final contract negotiation will commence in November 2007 and is expected to be finalised before the end of the year.
Global
