MTN Announces Strategic Partnership with Teekay Corporation to Provide Satellite Communication Solutions on Board Offshore Energy Vessels

MTN Satellite Services, a global provider of at-sea communications, connectivity and content services, has announced that it has been awarded a multi-year contract with Teekay Corporation (NYSE:TK) to provide its always-on VSAT satellite communication services on vessels operating throughout the world.

The agreement calls for MTN to provide global C-Band and Ku-Band satellite services to a portion of Teekay’s existing fleet and new builds over the term of the multi-year contract. In addition, MTN will implement several crew welfare services, including crew calling, broadband Internet access and will deliver licensed television content globally.

"We are delighted to have been selected as the global communications partner of Teekay Corporation,” said Brent Horwitz, Senior Vice President of Sales for MTN. "Teekay has the highest standards in this industry and is absolutely committed to providing state-of-the-art equipment and unparalleled services aboard their vessels. MTN’s services are synonymous with quality and innovation and we take the challenge of meeting Teekay’s worldwide communications needs very seriously.”

The global VSAT satellite communications network offered by MTN is "Always-On, Always-Available” and designed for the rugged maritime industry. Teekay Corporation has chosen to strategically partner with MTN to provide its vessels with C-Band and Ku-Band antenna systems for maximum reliability.

"We went through an extensive selection process and chose MTN because it is a proven supplier of reliable communications with hundreds of global installations operating today,” said Lesley Green, Teekay Corporation’s Systems Development Manager. "We depend on the reliability of the global coverage, systems and equipment that MTN is able to provide, as well as their outstanding customer support.

About MTN Satellite Services

MTN Satellite Services is the leading global service provider of at-sea communications, connectivity and content services. MTN’s global VSAT satellite communications network offers the reliability that only "Always On – Always Available” systems can provide. More than 500 vessels worldwide, including cruise ships, government and military vessels, private yachts, ferries, offshore drilling and production sites, and commercial ships depend on MTN’s voice and data networks to allow them to "be in the middle of nowhere and at the center of everything”. Premium services include remote access for Internet, fixed and mobile phones, fax, television, on-board newspapers, banking services, direct payroll deposit for crew and other enterprise solutions. The Company is based in Miramar, Florida. For more information, visit www.mtnsat.com.

About Teekay Corporation

Teekay Corporation transports more than 10 percent of the world’s seaborne oil, has built a significant presence in the liquefied natural gas shipping sector through its publicly listed subsidiary, Teekay LNG Partners L.P. (NYSE:TGP), is further growing its operations in the offshore production, storage and transportation sector through its publicly listed subsidiary, Teekay Offshore Partners L.P. (NYSE:TOO), and continues to expand its conventional tanker business through its publicly listed subsidiary, Teekay Tankers Ltd. (NYSE:TNK).

With a fleet of 180 vessels, offices in 17 countries and more than 6,600 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies, helping them seamlessly link their upstream energy production to their downstream processing operations. Teekay’s reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.

Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol "TK”. For more information, visit www.teekay.com.