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Business Upturn
01-07-2025
- Business
- Business Upturn
Inmarsat NexusWave Exceeds 1,000 Vessel Orders Amid Growing Demand for High-Speed Connectivity
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 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 and follow us on LinkedIn. Forward-Looking Statements This 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 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: [email protected] Lisa Curran/Peter Lopez, Investor Relations, +1 (760) 476-2633, [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Broadcast Pro
01-07-2025
- Business
- Broadcast Pro
Inmarsat Maritime's NexusWave tops 1,000 vessel orders in six months
NexusWave integrates Global Xpress (GX) Ka-band, low-Earth orbit (LEO), coastal LTE, and L-band services in a single, seamless package. Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000 vessels. Following months of 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 industrys 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. Inmarsats 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. Inmarsats 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 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.'
Daily Mail
20-06-2025
- Business
- Daily Mail
Millionaire Lowes heir and husband set to move into opulent villa near Monaco after deciding to pack up their life in Australia to give their children a 'European lifestyle'
After recently offloading his Sydney mansion for a whopping $23.5 million, Lowes clothing retail heir Joshua Penn is headed to France with his family. Joshua, 37, is planning to relocate to the French Riviera in 2026 with husband Ben Palmer and children Brooklyn, seven, and Blake, four. The couple have snapped up the stunning Villa Marisol on the sunny, coastal slopes of the Cap d' Ail. With pristine beaches and the town centre in walking distance, the luxurious pad is also located just minutes away from Monaco - the playground of the über-rich. The stunning villa was built in 1908 for the feminist writer Gabrielle Reval, co-founder of French literary prize the Prix Femina. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. The villa also has long history, hosting the likes of French aristocrat, Marie de Rabutin-Chantal, and American born French actress and singer, Josephine Baker. Described as one of the property gems of the Cap d' Ail, Villa Marisol is surrounded by 1,000 square metres of landscaped grounds that lead to the main entrance porch. The entrance level is opulence personified, boasting the original mosaic hallway. The magnificent columned hallway on the garden level leads to the two grand master bedrooms opening onto a small private garden. Speaking to The Daily Telegraph, the couple described their new digs as a 'palace' adding that they were keen to relocate to expose their children to the 'European lifestyle'. It comes as Joshua recently sold his Sydney mansion for a whopping $23 million. The sprawling four-bedroom, five-bathroom property, located at Point Piper, was originally snapped up by Josh's mother and father - Linda and David Penn - in 2021 for a cool $16 million. Joshua who co-owns the home with Ben, first listed the 1905 era home for $28 million. The couple and their children have been living at the exclusive address for three years while renovating another property in nearby Double Bay, The Wentworth Courier reported on Wednesday. According to property records, the retail heir's parents have maintained a 70 per cent stake in the mansion, which is known as the 'Capri'. Still, Josh and Ben are listed as 'owners' of the land title on the beautiful two-storey sandstone and brick home. According to the publication, the couple snapped up a four-bedroom, two-bathroom 'Spanish influenced' home in Double Bay for $6.7 million in 2020 which they extensively rebuilt. Josh and his mother Linda were recently seen at the Gold Dinner charity event. The Lowes Menswear CEO, who, alongside her brother and Lowes co-owner Jeffrey Mueller is worth a cool $400 million, held court at the glamorous do earlier this month. Linda heads the Gold Dinner Committee alongside her son Joshua, and rules the charity event with an iron fist. Every year an influential mix of business and philanthropic leaders attend, and the gala was once also littered with A-listers before Josh and his mother banned them from the event. In the past, celebrities like Chris Hemsworth, Roxy Jacenko, Ian Thorpe, Hamish Blake and Karl Stefanovic made appearances on the red carpet. Gold Dinner co-chair Joshua revealed ahead of the 2024 gala that the event will shun celebrities going forward, as they 'don't seem to add much value'. He said that the attention is usually too much on the celebrities, rather than on the purpose of the event. The invitation-only gala is held annually at a secret location in Sydney and is given a unique theme every year.
Daily Mail
18-06-2025
- Business
- Daily Mail
Heir to retail giant Lowes sells grand Sydney mansion for $23 million
A grand mansion on Sydney Harbour owned by Lowes clothing retail heir Joshua Penn has gone under the hammer for a whopping $23.5million. The sprawling four-bedroom, five-bathroom property located at Point Piper was originally snapped up by Josh's mother and father - Linda and David Penn - in 2021 for a cool $16 million. Josh, 37, who co-owns the home with his husband, Ben Palmer, first listed the 1905 era home for $28million. The couple and their two young children have been living at the exclusive address for three years while renovating another property in nearby Double Bay, reported The Wentworth Courier on Wednesday. According to property records, the retail heir's parents have maintained a 70 per cent stake in the mansion, which is known as the 'Capri'. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to DailyMail's new showbiz newsletter to stay in the loop. The sprawling four-bedroom, five-bathroom property, located at Point Piper, was originally snapped up by Josh's mother and father - Linda and David Penn - in 2021 for a cool $16 million Still, Josh Penn and Ben Palmer are listed as 'owners' of the land title on the beautiful sandstone and brick two-storey home. Featuring beautifully maintained classic features throughout, the dazzling home boasts stunning harbour views, a pool and an internal lift. Highlights include a formal entranceway with chandelier lighting and an oversized ground floor 'living room' which opens out to landscaped gardens. There's also a private dining room and a 'sitting room'. The second storey hosts all four bedrooms with the main bedroom occupying an entire corner of the first floor and includes a terrace, en suite, dressing room and 'sun room'. Other highlights include a 'rumpus room' which can be converted into a private office space. The sale comes after reports have surfaced that Josh and Ben, along with their children - son, six-year-old Brooklyn, and daughter, Blake, four - are considering moving to France. The Wentworth Courier reports that the young family could take on the task of renovating the Penn family getaway on the French Riviera. According to the publication, couple snapped up a four-bedroom, two-bathroom 'Spanish influenced' home in Double Bay for $6.7million in 2020 which they extensively rebuilt. They are now deciding to move in or move on to yet another property, which they have purchased in the eastern suburbs, or head to France. Josh and his mother Linda were recently seen at the Gold Dinner charity event. The Lowes Menswear CEO, who, alongside her brother and Lowes co-owner Jeffrey Mueller is worth a cool $400 million, held court at the glamorous do earlier this month. Linda heads the Gold Dinner Committee alongside her son Joshua, and rules the charity event with an iron fist. Every year an influential mix of business and philanthropic leaders attends - and the gala was once also littered with A-listers before mother and son banned them from the event. In the past, celebrities like Chris Hemsworth, Roxy Jacenko, Ian Thorpe, Hamish Blake and Karl Stefanovic made appearances on the red carpet. Gold Dinner co-chair Joshua revealed ahead of the 2024 gala that the event will shun celebrities going forward, as they 'don't seem to add much value'. He said that the attention is usually too much on the celebrities, rather than on the purpose of the event. The invitation-only gala is held annually at a secret location in Sydney and is given a unique theme every year.
Daily Telegraph
17-06-2025
- Business
- Daily Telegraph
Lowes heir Josh Penn and Ben Palmer's Point Piper home sells
Lowes heir Josh Penn and his husband Ben Palmer have sold their Wyuna Rd, Point Piper mansion for $23.5m. The couple, with son Brooklyn, 6, and daughter Blake, 4, are now understood to be focusing on renovating the Penn family's palace at Cap 'd'ail in the south of France, where they're intending on spending some time next year. And they're also now debating whether to move to their former Double Bay home, now rebuilt, or to another eastern suburbs mansion they've apparently purchased, that's 'quite substantial'. MORE: Hush-hush sale hits 2025 record MORE:Billionaire chicken heiress's record-breaking sale Penn and Palmer are listed as co-owners on the land title for Capri, the Edwardian residence at 4 Wyuna Rd bought for $16m in 2021, alongside Penn's parents David and Linda Penn who have 70 per cent ownership. But it's now sold via Monika Tu and Jad Khattar of Black Diamonz, with Tom Penfold of Cohen Handler known to have introduced the buyer. There'd initially been hopes of $28m. Penn and Palmer had been living in Capri during the three-year rebuild of their own home at 7 Carlotta Rd, Double Bay, bought for $6.7m in 2020, which is apparently 'incredible' and nearly ready to move into. No clue yet as to the location of this other 'quite substantial' property, which is yet to settle. The Wyuna Rd residence was previously owned by nursing-home scion Mark Moran and his interior decorator wife Evette. The historic home on a 723sqm block had harbour views, an internal lift, multiple balconies, manicured grounds and a pool. Penn and Palmer had initially intended to do major renovations, but ended up doing just landscaping the garden and adding lighting. Their good taste in furniture helped give the home extra zing. Josh Penn and mother Linda, the highly regarded philanthropist and CEO of Lowes Menswear that's worth $800m, recently raised a whopping $84.3m at the recent Gold Dinner for the Sydney Children's Hospital foundation.
