Tech Council of Maryland Presents UltiSat President and CEO
M.G. Abutaleb, with 2011 Executive of the Year Award

A Provider of Managed VSAT Networks, Abutaleb Has Led UltiSat through 
Phenomenal Growth Over the Last Three Years

Gaithersburg, Maryland, USA, May 12, 2011 – UltiSat, Inc., a leading provider of managed VSAT networks announced that UltiSat’s president and CEO, M.G. (Moe) Abutaleb, was named 2011 Executive of the Year by the Tech Council of Maryland (TCM), one of the nation’s leading technology trade groups. Along with his partners, Abutaleb founded UltiSat, formerly known as Psi Systems, Inc. (Psi-Sys), 5 years ago and has led the company’s phenomenal growth and expansion. He received the recognition at TCM’s annual awards banquet attended by Maryland Governor Martin O’Malley, who gave the event’s keynote speech.

TCM’s Executive of the Year recognizes and honors business leaders who have made outstanding contributions to their firm and driven it to succeed through their leadership skills and personal abilities.

"It is an honor to be recognized by the Tech Council of Maryland,” said Abutaleb. “Maryland is a state that fosters entrepreneurial ventures and TCM provides a tireless voice in the advocacy of a business-friendly environment throughout the state.”

"With more than 150 nominations received for the 2011 TCM Tech Awards, last night we honored outstanding Maryland companies and tech executives that help make us one of the nation's premier technology states," said Renée Winsky, CEO of TCM. "We are proud to honor UltiSat's CEO, Moe Abutaleb, for his leadership in creating such a strong and vibrant telecommunication company in Maryland."

Raised and educated in Maryland, Abutaleb went to Parkdale High School in Prince Georges County and received both his undergraduate and graduate degrees at the University of Maryland, College Park. Abutaleb lives in Potomac, MD, with his wife and three children.

In just three years, UltiSat has grown fourfold in personnel; tripled its customer base; acquired a satellite teleport facility in Denmark; and more than doubled its office space, including the installation of a high-tech help desk and network operations center in its Gaithersburg, MD headquarters facility. UltiSat’s most tangible measure of success though lies in its recent financial accomplishments. Its 2010 US-based revenues increased by more than 100%, its global revenues increased by more than 50%, and its EBITDA is approximately twice the industry norm for its sector.

About the Tech Council of Maryland, Inc.

The Tech Council of Maryland (TCM) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. TCM's mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit www.techcouncilmd.com

About UltiSat

UltiSat provides end-to-end, managed network services via satellite. Focusing on the design, deployment, and operation of very small aperture terminal (VSAT) networks, UltiSat enables global communications – including fax, video, phone, email, Internet, data, – without the need for terrestrial facilities at the point of origin or reception. Using a combination of satellites in geosynchronous orbit above the equator; an interconnected network of teleports, hubs, terrestrial links and remote VSATs on the ground; and operated leveraging a highly sophisticated service infrastructure, UltiSat provides vital communication networks where no telecommunications infrastructure exists. For more information, visit www.ultisat.com.

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