Newtec Announces Record Growth and Senior Leadership Change

Revenue growth of 62% since 2013 has been achieved by Newtec

SINT-NIKLAAS, Belgium, 21 December 2016. Newtec - a specialist in designing, developing and manufacturing equipment and technologies for satellite communications - today announced record revenue and profitability growth figures, including revenue growth of 62% since 2013 and 26% year-on-year in 2016, demonstrating that the company is gaining market share in all geographies and focused vertical markets.

Newtec also announced today that after ten years of dedicated and successful leadership CEO Serge Van Herck has decided to resign and move his career in another direction. Newtec is grateful to Van Herck for his leadership over the past decade and wishes him all the best with his new undertakings.

Newtec's Board of Directors has appointed Thomas Van den Driessche, who was named Chief Commercial Officer four years ago, to succeed Van Herck as CEO, effective from January 1, 2017.

Dirk Breynaert, Co-founder of Newtec, said: We appointed Serge ten years ago, with the goal of taking Newtec to the next level and it is great that we have been able to achieve such success. I am grateful that Serge leaves behind a well-coached team that will be able to further realize our growth ambitions.

Van Herck said: It has been an honor and a privilege to lead such a great team for the past ten years and I congratulate all Newtec colleagues for the impressive achievements we have been able to realize. I thank Dirk and Jean-Marie Maes, our company's founders, for the unique opportunity they gave me to lead this team. Last but not least, I want to thank all of Newtec's customers and business partners for providing us with their trust and business.

Newtec's new CEO Thomas Van den Driessche added: We are all looking forward to continuing on the strategic path that steers Newtec and our customers alike. There are so many common goals that lift the whole of our industry. It is this excitement that is fueling our results and motivating our team.

After years of successful building, resulting in the market-driven and product-leading company that Newtec has become, Van Herck concluded: I am happy that I can hand over Newtecs management to the capable hands of Thomas Van den Driessche. Thomas has extensive experience, strategic vision, strong technology understanding and leadership skills. I am very confident that Newtec has a bright future ahead.

The Newtec's Board of Directors, Van Herck and Van den Driessche are committed to a smooth transition that will pave the way to meeting Newtecs goals in 2017 and beyond.

- Ends -

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Your Contact Kerstin Roost

Strategic Marketing & Public Relations

Tel: +49 177 219 0820

Kerstin.Roost@newtec.eu

Visit Newtec at upcoming events worldwide.

Read Newtec's Year-in-Review 2016.

About Newtec Newtec, www.newtec.eu, is specialized in designing, developing and manufacturing equipment and technologies for satellite communications. As a pioneer in the industry, Newtec is dedicated to creating new possibilities for the broadcast, consumer and enterprise VSAT, government and defense, cellular backhaul and trunking and mobility, offshore and maritime markets. Our products and technologies can be applied in a wide range of single and multiservice applications from DTH broadcasting, video contribution and distribution and disaster recovery and backbones for cellular backhauling, to small and medium enterprises, SCADA and oil and gas networks, aircrafts and vessels.

Since 1985, our dedicated team of specialists has set industry standards with the most efficient, scalable and economical technology solutions. New challenges and customer needs offer opportunities to explore new boundaries. This empowers us to work even harder, helping customers to perform their best so that, together, we can make the world a safer, more informed and connected place. As a result, more than 3 billion people watch TV every day thanks to Newtec technology.

Newtec is a European company headquartered in Sint-Niklaas, Belgium. Through additional commercial offices in Dubai (UAE), Singapore, Beijing (China), Sao Paulo (Brazil) and Stamford, CT (USA) as well as an extensive network of over 100 certified partners, Newtec can meet customer's needs worldwide.

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