With an energy industry shaken by oil prices that have remained low due to oversupply, related support industries like satellite providers are looking to diversify their offerings beyond oil and gas. One example is Uplogix customer, RigNet. In an interview with Via Satellite magazine, CEO Steven Pickett outlined additional markets where RigNet can leverage its existing capabilities.
RigNet is a global provider of digital technology solutions serving remote locations like energy facilities and maritime vessels. Pickett said they are looking at industries not that different from a technology perspective.
“We are assessing these verticals and entering a small number of them in a more focused way. The markets we are focused on include maritime, which is one of the largest initiatives we have focused on the last couple of years, and the mining industry,” said Pickett. “In addition, we are continuing to explore other verticals. We plan to make some decisions, in the coming quarter, about other verticals we will turn our attention to.”