PRESS RELEASES
Rolta awarded "National NAVTEX Network" to cover the entire Indian coast line
MUMBAI, India, June 12, 2013 /PRNewswire/ -- Rolta India Ltd. today announced that the Company has been awarded the prestigious contract for establishing "National NAVTEX Network" from a subordinate office under the Ministry of Shipping, Road Transport & Highways Government of India that provides General Aids to Mariner Navigation along the Indian coast. The establishment of NAVTEX (Navigational Telex) network by Rolta will now provide enhanced safety and security for maritime traffic in coastal waters of India. NAVTEX is an international automated medium frequency service for delivery of navigational and meteorological warnings and forecasts, as well as urgent marine safety information to ships. NAVTEX is a component of the International Maritime Organization / International Hydrographic Organization, Worldwide Navigation Warning Service (WWNWS) and is also a major element of the Global Maritime Distress Safety System (GMDSS).
The Indian NAVTEX system being deployed by Rolta shall provide coverage upto 250 nautical miles (460 km) from the Indian coast line and will transmit maritime navigational and meteorological warnings and forecasts, as well as urgent marine safety information to ships at sea in Indian waters. This network will consist of 7 interlinked broadcasting sites to cover the entire Indian coastline with a Command & Control Centre on the Western coast and an identical Command & Control Center on the Eastern coast.
This Indian NAVTEX Network is the first of its kind for the country. Rolta's success in winning this project is a part of its foray in the diversified domains of Communications, Optronics and Command & Control for the Defence and HLS markets. This success will open many more opportunities for the Company in the ever growing Defence and HLS domains where government emphasis is shifting from imported solutions to those developed by the Indian industry.
Commenting on the occasion, Chairman and Managing Director of Rolta, Mr. K. K. Singh said, "We are delighted to have been given this opportunity to establish such a high-tech communication network system for the safety and security of ships in coastal waters of India. This state-of-the-art solution will place India amongst select developed nations worldwide that have similar sophisticated systems in place".
About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of intellectual property that spans photogrammetry, image processing, geospatial applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in cutting-edge technologies like Geo BI, Cloud computing, Software Defined Infrastructure and Big Data for providing sophisticated enterprise-level integrated solutions. Rolta is a multinational organization headquartered in India. The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries. The Company benchmarks its quality processes to the world's best standards, like successful assessment for Software Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3. Rolta is listed on the Bombay Stock Exchange & National Stock Exchange, and forms part of various indices on BSE/NSE in India. The Company's GDRs are listed on the Main Board of London Stock Exchange.
For additional information: visit www.rolta.com; or contact:
Atul Tayal Operations Rolta India Ltd. Telephone: +91 (22) 2926 6666
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M.K. Govind Marketing & Sales Rolta India Ltd. Telephone: +91 (22) 2926 6666
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Brig. Ashok Kumar Gakhar (Retd.) Senior Divisional Director- Defence Rolta India Ltd. Telephone: +91 (22) 2926 6666
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Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
SOURCE Rolta
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