Will add new mobile satellite antenna products and technology to ViaSat portfolio

Carlsbad, CA – July 23, 2007 – ViaSat Inc. (Nasdaq:VSAT), a producer of innovative satellite and other digital communication products, has agreed to acquire privately-held JAST Antenna Systems. JAST develops microwave circuits and antennas for terrestrial and satellite applications, specializing in small, low-profile antennas for mobile satellite communications.

Terms of the transaction include an initial purchase price of approximately $2.0 million and additional consideration of up to $4.5 million to be paid in cash and/or stock based on JAST meeting certain financial performance and technology development targets over the next two years. The acquisition is expected to have no material impact to ViaSat non-GAAP (pro forma) earnings during the next twelve months. However, ViaSat has not completed its valuation analysis and, accordingly, has not determined the impact to GAAP earnings.  The acquisition is expected to be completed within 30 days.

“ViaSat has been working on a number of attractive market opportunities in mobile satellite and terrestrial communication markets,” said Mark Dankberg, ViaSat chairman and CEO. “JAST has expertise, innovative technology, and market relationships that improve our competitive position in these markets. And, their location in Switzerland can help us better support our European partners and initiatives.”

“Becoming part of ViaSat opens up many new possibilities for our antenna technologies and the strong complementarity of the technologies will strengthen our position in the worldwide market, ” said Ferdinando Tiezzi, JAST managing director. “We share a common culture of innovation and vision in the future of mobile satellite communications. The new strength this merger brings us will be especially valuable in further advancing our mobile antenna technology and capturing market share going forward.”

JAST Antenna Systems, based in Lausanne, Switzerland, is focused on the design and development of innovative antenna technologies. The company provides custom design, development, prototyping and testing of antennas for land vehicles, boats, and aircraft. See www.jast.ch for more information.

About ViaSat (www.viasat.com)
ViaSat produces innovative satellite and other digital communication products that enable fast, secure, and efficient communications to any location. The Company provides networking products and managed network services for enterprise IP applications; is a key supplier of network-centric military communications and encryption technologies to the U.S. government; and is the primary technology partner for gateway and customer-premises equipment for consumer and mobile satellite broadband services.  The company’s four wholly owned subsidiaries, US Monolithics, Efficient Channel Coding, Enerdyne Technologies, and Intelligent Compression Technologies, design and produce complementary products such as monolithic microwave integrated circuits, DVB-S2 satellite communication components, video data link systems, and data acceleration and compression products. ViaSat has locations in Carlsbad, CA, and Duluth, GA, along with its Comsat Laboratories division in Germantown, MD. Additional field offices are located in Boston, MA, Baltimore, MD, Washington DC, Australia, China, India, Italy, and Spain.

About JAST (www.jast.ch)
JAST provides innovative low-profile antennas for in-motion satellite telecommunications ranging from L-band to Ku-band. Based on phased array technology, JAST products connect Retail, Enterprise, Governmental and Military costumers to global satellite networks. The Company has core competencies in the development of innovative microwave circuits and antennas for terrestrial and satellite applications. JAST engineering and manufacturing expertise allows to provide customers high quality products and services with the highest Swiss excellence.  JAST is based in Lausanne (Switzerland) and has been founded as a Spin-off of the Laboratoire d’Électroma- gnétisme et d’Acoustique (LEMA) of the Swiss Federal Institute of Technology of Lausanne (EPFL). JAST is involved in several ambitious research programs for the development of innovative systems in the field of satellite communication at European level.

Safe Harbor Statement
Portions of this release, particularly statements about the performance and deliveries of ViaSat products and technology, may contain forward-looking statements regarding future events and are subject to risks and uncertainties. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: failure to complete all closing conditions necessary to consum-mate the acquisition, contractual problems, product defects, manufactu-ringissues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the telecommunications industry generally. The Company refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in the Company's Form 10-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc. Neither Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation. “Comsat” is a registered trademark of COMSAT Corporation.

« Back to news archive