RigNet

RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

Cyphre’s newly patented encryption now operates at 5x the speed and is optimized for harsh edge environments Cyphre’s newly patented encryption now operates at 5x the speed and is optimized for harsh edge environments

RigNet Announces Major Cybersecurity Enhancements

RigNet Expands Reach to Outside Energy Vertical with Microsoft Co-Sell RigNet Expands Reach to Outside Energy Vertical with Microsoft Co-Sell

RigNet’s Intelie Achieves Microsoft Co-Sell Ready Status

RigNet Inc. (RNET) CEO Steve Pickett on Q1 2020 Results - Earnings Call Transcript

Shares of RigNet (NASDAQ:RNET) rose 7% in pre-market trading after the company reported Q1 results.

Recap: RigNet Q1 Earnings

HOUSTON, May  08, 2020  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET, the “Company”), a leading provider of ultra-secure, intelligent networking solutions and specialized applications, announced its results for the quarter ended March 31, 2020.

RigNet Announces First Quarter 2020 Earnings Results

Update to March 24, 2020 release Update to March 24, 2020 release

RigNet Announces GSA Contract and CMMC Level 5

HOUSTON, March  24, 2020  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, “RigNet”), the leading provider of ultra-secure, intelligent networking solutions announced today that it has been awarded a five-year U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) for Information Technology Professional Services contract. This contract includes (3) 5 year renewal periods for a potential contract term of 20 years. Through the GSA Information Technology Large Category - federal, state and local governments now have access to RigNet’s state-of-the-art global networking solutions, enhanced cybersecurity, military-grade hardware encryption and real-time machine learning applications. RigNet has also achieved Level 5 Cybersecurity Maturity Model Certification (CMMC) from the National Institute of Standards and Technology, the highest level certification available, further demonstrating RigNet’s best-in-class cybersecurity posture.

RigNet Announces GSA Contract and CMMC Level 5 Certification

RigNet, Inc. (RNET) CEO Steve Pickett on Q4 2019 Results - Earnings Call Transcript

HOUSTON, March  03, 2020  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions, announced today that it is partnering with U.S. Special Operations Command(“USSOCOM”) Warrior Care Program - Care Coalition to place transitioning Special Operation Forces (SOF) service members at RigNet in a fellowship as they prepare to transition out of the military. RigNet will be providing SOF Service Members with valuable corporate experience as they transition home.

RigNet Partners with USSOCOM to Offer Warrior Care Program Fellowships

HOUSTON, Feb.  26, 2020  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions, announced today that the Federal Information Processing Standard 140-2 (FIPS 140-2) security validation has been awarded to the Crypto Core Cryptographic Module - the underlying platform of Cyphre, which is an important component of RigNet’s cyber security solutions. This certification arrives immediately after a key part of the portfolio, BlackTIE®, was awarded a patent by the U.S. Patent and Trademark Office. Cyphre’s products provide best-in-class security to eliminate man-in-the-middle (MITM) attacks and unauthorized eavesdropping.

National Institute of Standards and Technology (NIST) Awards RigNet’s  Cyphre its Highest Security Validation

HOUSTON, Feb.  24, 2020  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the "Company"), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has successfully amended its senior secured Credit Facility (the “Amendment”) with its existing bank group led by Bank of America, N.A. as administrative agent. Among other things, the Amendment:

RigNet Announces Amendment and Extension of Credit Facility

HOUSTON, Feb.  10, 2020  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed a long-term agreement with Northern Offshore, a global offshore drilling company, to provide various services to their fleet of rigs in the Middle East. Under this agreement, RigNet will provide several solutions including VSAT Managed Communications Services, CrewFlix Video on Demand, CrewHotspot internet, and Enhanced Cyber Services (ECS).

RigNet Signs Long-Term Agreement with Northern Offshore

HOUSTON, Jan.  06, 2020  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, today announced organizational changes designed to accelerate RigNet’s transformation strategy as the company continues to move ‘up the stack’ and to further improve the company’s industry-leading customer service and responsiveness.

RigNet Announces Organizational Changes

HOUSTON, Dec.  11, 2019  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, today launched a major expansion of its Adaptive Video Intelligence (AVI) suite called AVI LIVE. The market’s leading product for bandwidth-optimized secure video streams, now has a complete content management system and trigger- based workflows to significantly reduce requirements for “eyes-on-glass” monitoring. The completely redesigned user interface improves the viewing experience while accessing multiple video streams across devices and improves remote camera access control features in shared-customer environments.  No other system provides more enterprise flexibility to control, stream, and record video with motion analytics from any type of camera or video codec.

RigNet Expands its Adaptive Video Intelligence Suite Now Called AVI LIVE

RigNet (RNET) CEO Steve Pickett on Q3 2019 Results - Earnings Call Transcript

The offshore-focused service company came out ahead.

Why RigNet Stock Is Rallying Today

HOUSTON, Nov.  05, 2019  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed a multi-year agreement, after winning a public bid with Petrobras, to add fully Managed Communication services with O3B VSAT technology on six of their FPSO installations. This is in addition to four FPSOs Petrobras awarded RigNet last year. This represents RigNet’s ongoing expansion of its portfolio of FPSO deployments for a total seventeen awarded in Brazil alone. Today, RigNet is the only service provider in Brazil to offer O3B connectivity through its Managed Communication Service.  RigNet’s global expansion in the FPSO market also includes a multi-year agreement awarded in October to provide Managed Communication Service and deployment of RigNet’s suite of Crew Welfare applications on three FPSOs in Thailand.  

RigNet Signs Multi-Year Agreement with Brazilian Operators Offering Managed Communications on Floating Production Storage and Offloading (FPSO) Installations

HOUSTON, Oct.  28, 2019  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET) today announced that it will release its third quarter 2019 earnings results after the NASDAQ Exchange closes Thursday, November 7, 2019. This release will be followed by an earnings call for investors on Friday, November 8, 2019, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss RigNet's third quarter 2019 results. The call will be hosted by RigNet President and CEO, Steven Pickett.

RigNet Announces Third Quarter 2019 Earnings Release Date and Earnings Call Information

HOUSTON, Oct.  22, 2019  (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions announced today that it has completed the consolidation of four offices in the Lafayette area into a single new facility. This new office will accommodate RigNet’s growing customer base and support its Gulf of Mexico (GoM) operations including RigNet’s new 4G LTE and 5G-capable network launched across more than 60,000 square miles of the Gulf of Mexico. This network now connects offshore workers, vessels and critical infrastructure in an area larger than the state of Florida. Local employees of recently acquired DTS, Autocomm and SAFCON will join RigNet’s employees at this new office.

RigNet Accelerates Growth in Gulf of Mexico Operations with Opening of New Office in Lafayette, Louisiana Metropolitan Area

The offshore communications and software provider is riding the commodities roller coaster once again.

Here's Why RigNet Stock Is Down Today

HOUSTON, Sept.  09, 2019  (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has been awarded a multi-year agreement with Galoc Production Company (GPC) to deploy Intelie Live, RigNet’s machine learning-based analytics platform, onboard the floating production storage and offloading (FPSO) vessel Rubicon Intrepid.  RigNet will deploy Intelie Live on its highly secure and scalable Managed Communication Service that includes the deployment of CyphreLink, the company’s military grade encryption solution providing the highest level of data protection for Data in transit. This is the ongoing expansion of RigNet’s portfolio of FPSO clients including 10 FPSOs won in off-shore Brazil over the last 9 months.

RigNet Signs Multi-Year Agreement with Galoc Production Company to Deliver the Digital Transformation Triple Play:  Intelie Live, CyphreLink, and Managed Communications

RigNet’s Intelie Live platform delivers higher productivity and improved financial performance RigNet’s Intelie Live platform delivers higher productivity and improved financial performance

RigNet’s Intelie Delivers Machine Learning-Based Analytics for Advanced Drilling Operations

The provider of remote communications solutions continues to feel pressure from volatile oil prices.

Why RigNet Stock Is Sinking Again Today

The offshore telecommunications service provider's second-quarter results failed to impress.

Why RigNet Stock Is Sinking Today

The provider of remote communications solutions is seeing several positives that have it increasingly optimistic about what lies ahead.

News for RigNet Stock (RNET)