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Inmarsat NexusWave Exceeds 1,000 Vessel Orders Amid Growing Demand for High-Speed Connectivity

1. Inmarsat Maritime orders for NexusWave exceed 1,000 vessels in six months. 2. NexusWave combines multiple networks into a single managed service solution. 3. Exceptional performance reported with speeds up to 340 Mbps and 99.9% availability. 4. The service enhances vessel connectivity with unlimited data and global coverage. 5. NexusWave is critical for digitalization and crew welfare in shipping.

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Why Bullish?

The rapid adoption of NexusWave indicates strong demand for VSAT's maritime services, likely boosting investor confidence and market position, especially given historical precedents where strong product uptake led to positive market reactions.

How important is it?

The reported milestone in vessel orders reflects a significant market opportunity for VSAT, implying that ongoing product success could significantly affect sales growth and shareholder value.

Why Long Term?

As the service gains traction and awareness, the long-term implications will likely include increased market share and revenue stability for VSAT, similar to prior product launches that catalyzed sustained growth.

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CARLSBAD, Calif., July 01, 2025 (GLOBE NEWSWIRE) -- Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the market with global customers adopting NexusWave for their fleets. This milestone underscores the global shipping industry’s strong appetite for a fully managed, high-speed, bonded connectivity service that combines the power of multiple networks with the convenience of a single provider. Early adopters such as “K” Line, Anthony Veder, Mitsui O.S.K. Lines, Solvang, Sallaum Lines, Parlevliet & van der Plas Group and others are already reaping the benefits of transforming their vessels into floating offices and homes. Inmarsat’s NexusWave brings together Global Xpress (GX) Ka-band, low-Earth orbit (LEO), coastal LTE, and resilient L-band services into a seamless, fully managed solution. Inmarsat’s unique ‘network-bonding’ technology is designed to allow connected applications to harness the aggregate speed and capacity of all available networks simultaneously rather than relying on one at a time. Recent real-world tests have demonstrated NexusWave’s exceptional performance, achieving download speeds of up to 340 megabits per second (Mbps) and upload speeds of up to 80 Mbps. Network availability on vessels has consistently exceeded 99.9%, and video call quality has remained virtually unaffected by the availability or performance of any single network. Inmarsat’s solution dynamically adjusts traffic routing to maintain a seamless user experience, even in connectivity hotspots. Users also benefit from unlimited data, global coverage, and secure-by-design infrastructure, providing complete ‘connected confidence’. For seafarers onboard it means they can enjoy a wide range of applications, including web browsing, streaming, gaming, video and voice calling, messaging, and social media access, providing a ‘home-like’ connectivity experience while at sea. Ben Palmer, President, Inmarsat Maritime, said: “We are incredibly proud to have surpassed the 1,000-vessel mark for NexusWave orders. This achievement is testament to the vision and commitment of everyone involved in the development process. It also reveals a strong appetite among forward-thinking operators for connectivity that provides more than just high speeds and reliability. “NexusWave offers everything shipowners need to transform their vessels into floating offices and homes – and thereby drive their digitalisation strategies and crew welfare initiatives. It is designed to provide full connected confidence underpinned by global coverage, unlimited data, and enterprise-grade cybersecurity. Crucially, it combines all of the above with the convenience of working with a single, trusted maritime connectivity partner.” About Inmarsat Maritime Inmarsat is a Viasat company and continues to power the digitalisation of the maritime industry. With over 40 years of experience, Inmarsat Maritime offers reliable and innovative solutions that enable ship owners and operators to stay connected, navigate safely, enhance operational efficiency, and ensure crew welfare. Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are - on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads and YouTube. Inmarsat Maritime is based in Viasat’s global international business headquarters in London, United Kingdom. For further information about Inmarsat Maritime, visit Inmarsat.com/maritime and follow us on LinkedIn. Forward-Looking StatementsThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the features and benefits of the NexusWave solution. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to access third-party capacity and services; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; our ability to realize the anticipated benefits of the ViaSat-3 class satellites and any future satellite we may construct or acquire; unexpected expenses related to our satellite projects; our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; capacity constraints in our business in the lead-up to the launch of services on our satellites; our ability to successfully develop, introduce and sell new technologies, products and services; and other factors affecting the maritime sector. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason. While the information in this document has been prepared in good faith, no representation, warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability (howsoever arising) is or will be accepted by the Inmarsat group or any of its officers, employees or agents in relation to the adequacy, accuracy, completeness, reasonableness or fitness for purpose of the information in this document. All and any such responsibility and liability is expressly disclaimed and excluded to the maximum extent permitted by applicable law. Coverage as shown on maps is subject to change at any time. Inmarsat is a trademark owned by the International Mobile Satellite Organization, licensed to Inmarsat Global Limited. The Inmarsat logo and all other Inmarsat trademarks in this document are owned by Inmarsat/Viasat group. © Inmarsat Global Limited. All rights reserved.  Contact: For media inquiries: PR@viasat.com Lisa Curran/Peter Lopez, Investor Relations, +1 (760) 476-2633, IR@viasat.com 

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