Satlynx has announced a 6.7M euro business agreement with the Polish Government via its military systems partner WZL (Wojskowe Zak lady Lacznosci Nr 1) to provide a range of satellite equipment.
In addition, Satlynx and GE have entered an Offset Agreement with the Polish Ministry of Economic Affairs as a commitment to invest in Polish business, goods and services to a value of 17M euro over the next five years.
Satlynx and WZL have been cooperating on a number of different initiatives for some years and this recent contract for satellite antenna equipment and services is a significant milestone in their relationship.
Christian Stetter, Vice President Sales for Satlynx said: "I am delighted that we are able to take another step together as this not only strengthens our friendship but shows a growing confidence in our partnership."
The Offset Agreement details a series of investments from both Satlynx and other GE businesses designed to bring technology, know-how and growth to the Polish economy.
Ronny Svang, President and CEO for Satlynx commented: "Satlynx has received strong support from its partner in Poland in the conclusion of this agreement which will be a catalyst to accelerate business opportunities for Satlynx and GE."
Leslaw Kuzaj, GE's National Executive for Poland said: "The agreement focuses on strategic areas such as technology transfer, purchase of equipment for the satellite and oil and gas industries as well as providing projects from investment in modernisation. With our industrial business units, we intend to work closely with the Polish government to maximise the benefits to the Polish economy well beyond the lifetime of the offset agreement."
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