General Cable Announces Long-Haul Submarine Fiber Optic Award
General Cable Announces Long-Haul Submarine Fiber Optic Award
General Cable Corporation (NYSE: BGC) reported today that its subsidiary, Norddeutsche Seekabelwerke GmbH (NSW), and its repeater technology partner, Fujitsu, have been awarded a more than 1,000 mile submarine fiber optic communications link project in Indonesia.
The project, called JaKa2LaDeMa, was awarded by PT TELEKOMUNIKASI INDONESIA, Tbk (PT TELCOM) and is the first high-bandwidth optical-fiber submarine cable system for the Indonesian islands of Kalimantan and Sulawesi, as well as Java, Bali and Lombok. The cable system was awarded on a turnkey basis and is valued at over $100 million. Fujitsu will provide state of the art terminal equipment, repeaters, branching unit system integration and associated services, while NSW will manufacture the cable and provide other required services, such as site survey, marine installation and civil works. The value of the project to be recognized by NSW is approximately $80 million and is expect to be completed in the first quarter of 2010.
General Cable acquired NSW in April 2007 and began an investment program to expand the capability of the facility to include submarine power cables and repeatered submarine communications cable. NSW is located on a tributary of the North Sea, with its own deep-sea pier. With the investment program nearly complete, NSW is well positioned to address all aspects of submarine cable needs for the expanding communications, offshore wind farm and energy exploration markets.
NSW, headquartered in Nordenham, Germany, is a leading manufacturer of submarine fiber optic communications and offshore power cables serving customers all over the world. For more information about NSW, please visit our website at www.nsw.com .
General Cable is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, and communications markets. Visit our website at www.generalcable.com .
Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks, and uncertainties are more fully discussed in the Company's Report on Form 10-K filed with the Securities and Exchange Commission on February 29, 2008, as well as periodic reports filed with the Commission.
Contact:
General Cable Corporation
Michael P. Dickerson, 859-572-8684
Vice
President of Finance and Investor Relations
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