SatMAX Corporation (Pinksheets:SATM - News) entered the $46 Billion satellite ground equipment industry last year and almost immediately began adding Fortune 500 Corporations to its client list. Recently, the company completed installation of three SatMAX? Iridium satellite communication repeater systems for ITT Corporation.
ITT is one of the world's largest manufacturers/distributors of advanced technological products. ITT recently signed a $9.7 million contract to provide Iridium-based communication devices and hardware to secure military/defense communications. SatMAX has worked with two other large defense contractors, Harris Corporation and Sparton Corp., to develop non-line-of-sight communication systems. Additionally, General Dynamics was one of the early buyers of SatMAX? equipment.
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