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RigNet Launches Global Supply Chain Initiative

HOUSTON, June 15, 2015 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET) announced today the launch of its new Global Supply Chain Initiative, and the hiring of Brian Moncrief as Director of Supply Chain to lead the effort.

The Global Supply Chain Initiative consists of strategic sourcing, asset management, capital expenditures, inventory management and procurement. Moncrief and the Supply Chain organization will work with all regions and functions globally to coordinate third party spend and key supplier relationships, including the areas of bandwidth, technology, services, logistics and other indirect spend categories.

Mark B. Slaughter, chief executive officer and president, commented, “As RigNet’s business grows, it is important that we leverage our purchasing volumes to ensure that we provide cost-effective and value-added solutions for our oil and gas customers. Creating an effective global supply chain capability is a critical enabler toward this objective.”

About RigNet
RigNet (Nasdaq:RNET) is a leading global provider of digital technology solutions to the oil and gas industry, serving offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,200 remote sites in 50 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.

Investor Contact: Cameron Wallace Director - Communications, RigNet, Inc. Tel: +1 (281) 674-0111 media@rig.net

Source:RigNet