CARLSBAD, Calif., Sept. 25, 2013 /PRNewswire/ -- Exede ® In The Air in-flight Internet service from ViaSat Inc. (NASDAQ: VSAT) has been selected as a finalist in the Aerospace and Security Technologies category for the 2013 Most Innovative New Product Awards, sponsored by CONNECT. CONNECT, a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County, continues its twenty-six year tradition of honoring San Diego's leaders of innovation and groundbreaking new products with the annual award.
"CONNECT is such a force behind innovation in our high-tech community that we're always honored to be recognized by them as one of the leading innovators in San Diego," said Mark Dankberg, chairman and CEO of ViaSat.
Exede In The Air is an in-flight connectivity and entertainment system for commercial airliners that is designed to eclipse the quality and speeds of today's in-cabin airline broadband. While other services are managing customer expectations and limiting usage to maintain service quality, the ViaSat service offers the performance and economics to encourage every passenger to go online with 12 Mbps service to every seat. JetBlue and United Airlines are planning to begin offering the service by the end of 2013.The CONNECT Most Innovative New Product Awards ceremony, to be held at the Hilton La Jolla Torrey Pines on Dec. 6, will honor product innovation in the following categories: Aerospace & Security Technologies, Communications & IT, Hardware & General Technology, Life Sciences – Diagnostics & Research Tools, Life Sciences – Medical Products, Mobile Apps, Software, Sport & Active Lifestyle Technologies and Sustainability. "This year's finalists are among the strongest we've seen," said Tyler Orion, interim president, CONNECT. "In the 26 years we've produced the MIP Awards, we've seen San Diego County continue to produce impressive technology innovation across a broad range of industries, and selecting winners from among this year's group of finalists will be an exciting challenge." The 2013 Most Innovative New Product Awards receive generous support from lead sponsors Life Technologies and Qualcomm, as well as supporting sponsors including AmericanWest Bank, Barney & Barney, Cox, Cymer, D&K Engineering, Hughes Marino, Kaiser Permanente, Knobbe Martens, Merck and PricewaterhouseCoopers. For the complete list of winners and other information visit the Most Innovative New Product Awards website. About CONNECT CONNECT is a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County by creating an environment in which inventors and entrepreneurs have access to the resources they need for success. Since 1985, CONNECT has assisted in the formation and development of more than 3,000 companies and is now widely regarded as one of the world's most successful organizations linking inventors and entrepreneurs with the resources they need for commercialization of innovative products. As a result, the program has been modeled in more than 50 regions around the world – most recently in New York City, Bogota, Colombia and Saudi Arabia. To learn more about CONNECT, please visit www.connect.org or call 858.964.1300. About ViaSat ( www.viasat.com) ViaSat delivers fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprises, and the military. The company offers fixed and mobile satellite network services including Exede ® Internet, which features ViaSat-1, the world's highest capacity satellite; service to more than 2,300 mobile platforms, including Yonder ® Ku-band mobile service; satellite broadband networking systems; and network-centric military communication systems and cybersecurity products for the U.S. and allied governments. Based in Carlsbad, California, ViaSat employs over 2,900 people in a number of locations worldwide for technology development, customer service, and network operations. 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 speed and the timing of the in-flight service offering. 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: negative audits by the U.S. government; continued turmoil in the global business environment and economic conditions; delays in approving U.S. government budgets and cuts in government defense expenditures; ViaSat's reliance on U.S. government contracts, and on a small number of contracts which account for a significant percentage of ViaSat's revenues; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply ViaSat's products; increased competition and other factors affecting the communications and defense industries generally; the effect of adverse regulatory changes on ViaSat's ability to sell products and services; and ViaSat's dependence on a limited number of key employees. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including ViaSat's 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. ViaSat undertakes no obligation to update or revise any forward-looking statements for any reason. Exede and Yonder are registered trademarks of ViaSat Inc.
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