Intellian Technologies Announces Initial Public Offering

Seoul (ots/PRNewswire) -

Intellian Technologies, Inc. ("Intellian" or "the company"),
announced today an initial public offering of 1,450,000 common shares
via the KOSDAQ, at an initial price of $17.27 per share. The initial
public offering will result in roughly $26m in raised capital and a
total market capitalization for the company of just below $124m.
Shares will start trading on the KOSDAQ Market on October 18, 2016
under the ticker symbol "189300 KS Equity."

(Logo: http://photos.prnewswire.com/prnh/20161017/429372LOGO )

(Logo: http://photos.prnewswire.com/prnh/20161017/429373LOGO )

Founded in 2004, Intellian is the global leader in maritime
satellite communication systems. Company turnover in 2015 reached
$54m, with operating profit reported as $4.7m. Sales in the first six
months of 2016 amounted to $38.6m, generating an operating profit of
$6.5m.

Proceeds from this offering will facilitate the company's
continued innovation and delivery of scalable solutions to the wider
mobility satellite communications sector. The next phase of growth
for Intellian will expand the company's footprint into other
verticals such as aviation, land-mobile and military communications.

"This is an exciting day for all of us. In only 12 years we have
taken a leadership position over others who had been in the maritime
market for decades," said Eric Sung, President and CEO of Intellian.
"Our innovative approach has led not only to this important milestone
in our own success story, but also to growth for all our partners
along the way, and key advancements in connectivity for the entire
maritime industry. In the next 5 years Intellian will invest no less
than $100m in R&D to continue innovating and keeping people connected
no matter where in the world they may be," said Sung.

Forward-Looking Statements

Matters discussed in this press release may constitute
forward-looking statements. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts. The
Company is including this cautionary statement in connection with the
relevant legislation. The words "believe," "anticipate," "intends,"
"estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify
forward-looking statements.

The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors
that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include the
failure of counterparties to fully perform their contracts with us,
the strength of world economies and currencies, general market
conditions, including fluctuations in prices, changes in demand for
products, changes in our operating expenses, including materials
prices and insurance costs, the market for our products, competition
in the industry, availability of financing and refinancing, ability
to obtain financing and comply with covenants in such financing
arrangements, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due to
accidents, piracy or political events, satellite unavailability or
breakdowns and other factors.

This announcement is not a prospectus but an advertisement and
nothing herein contains an offering of securities. No one should
purchase or subscribe for any securities in Intellian Technologies
("Intellian" or the "Company") except on the basis of information in
the prospectus published by Intellian Technologies in connection with
the potential offering and admission of such securities to trading
and official listing on KOSDAQ ("KOSDAQ KRX, Seoul").

ots Originaltext: Intellian Technologies
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Intellian Technologies, Inc.
InJae Oh
CFO
Injae.oh@intelliantech.com
+82-2-511-2244

Original-Content von: Intellian Technologies, übermittelt durch news aktuell