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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 24, 2007
ViaSat, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware   0-21767   33-0174996
(State or Other Jurisdiction of   (Commission File No.)   (I.R.S. Employer
Incorporation)       Identification No.)
6155 El Camino Real
Carlsbad, California 92009

(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (760) 476-2200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


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Item 8.01 Other Events
Item 9.01. Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
EXHIBIT 99.1


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Item 8.01 Other Events
          On May 24, 2007, ViaSat, Inc. issued a press release regarding the execution of a contract with WildBlue Communications, Inc. (“WildBlue”). A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
     (d) Exhibits.
     
Exhibit    
Number   Description of Exhibit
 
   
99.1
  Press release issued by ViaSat, Inc. on May 24, 2007.

 


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SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: May 31, 2007  VIASAT, INC.
 
 
  By:   /s/ Keven K. Lippert    
    Name:   Keven K. Lippert   
    Title:   Vice President, General Counsel   

 


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EXHIBIT INDEX
     
Exhibit    
Number   Description of Exhibit
 
   
99.1
  Press release issued by ViaSat, Inc. on May 24, 2007.

 

exv99w1
 

Exhibit 99.1
ViaSat Expands Agreement with WildBlue
2007-05-24
Fast growing satellite broadband service provider will purchase 500,000 new terminals
Carlsbad, CA — ViaSat Inc. has expanded its relationship with WildBlue Communications through a requirements contract to supply the next 500,000 Ka-band satellite terminals to be deployed by WildBlue on its WildBlue 1 and Anik F2 satellites. Together with units already delivered, the number of terminals supplied by ViaSat is expected to exceed 750,000. The contract provides for potential expansion to other on-orbit Ka-band satellites that may be used by WildBlue. The contract, which also includes network infrastructure upgrades and software support services, could exceed a value of $200 million over the next three to five years, depending on the underlying market demand for WildBlue subscriber terminals.
“ViaSat and WildBlue have been working very closely together for a number of years to create a scaleable market for satellite broadband services,” said ViaSat CEO Mark Dankberg. “WildBlue’s impressive growth has shown there is very strong demand for high-quality, affordable satellite broadband service in rural America. We are extremely pleased to be a part of their continued growth.”
“As the supplier of the WildBlue user terminals and hub equipment underlying our service, ViaSat is our key technology partner,” said David Leonard, CEO of WildBlue. “This expanded relationship will help us to maintain the service availability that our customers expect, and ensure a continuing supply of affordable new terminals needed to fuel our growth.”
WildBlue, founded on the idea of adapting the cable modem networking technology called DOCSIS® (Data Over Cable Service Interface Specification) to a satellite environment, engaged ViaSat to develop and deploy ground infrastructure for the satellite platform and the technology to adapt the terrestrial standard to a satellite system leveraging the low cost DOCSIS customer premises chips and software used by tens of millions of cable customers. The result is lower costs for network equipment and satellite air time, plus proven, highly scalable network management, provisioning and software support systems.
ViaSat was first selected as the supplier of the WildBlue satellite networking system in 2001. The success of WildBlue in North America has been one of the top satellite success stories of the decade. Now the fastest growing satellite broadband service in the U.S., WildBlue has over 160,000 customers and the launch of service on the new WildBlue-1 Ka-band satellite in March increased capacity to 750,000 subscribers. For more information on WildBlue, visit www.wildblue.com.

 


 

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: contractual problems, product defects, end user demand, competing technologies and services, satellite malfunctions, customer liquidity and/or financial strength, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; 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.
DOCSIS is a registered trademark of Cable Television Laboratories Inc.