Low Earth orbit

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on: 
Friday, March 29, 2024
LEO, MEO, Communication, AKOM, Aerospace, Telecommunications, BCA, Boeing, Low Earth orbit, Aviation, Private sector, HEO, Business analyst, NTN, Earnout, Unmanned aerial vehicle, OTCQX, Data-rate units, Annual report, PIPE, GEO, Defense, Communications satellite

SILICON VALLEY, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM, “AERKOMM”), an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”), a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement (“BCA”) and raised US $35 million in a private placement.

Key Points: 
  • Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
  • Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
  • There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
  • AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

Retrieved on: 
Friday, March 29, 2024
LEO, MEO, Communication, AKOM, Aerospace, Telecommunications, BCA, Boeing, Low Earth orbit, Aviation, Private sector, HEO, Business analyst, NTN, Earnout, Unmanned aerial vehicle, OTCQX, Data-rate units, Annual report, PIPE, GEO, Defense, Communications satellite

Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.

Key Points: 
  • Adjusted enterprise value of AERKOMM is US $200 million, as well as up to US $200 million of earnout shares for the AERKOMM shareholders, if certain milestones are achieved.
  • Transaction supported by a fund-raise of US $35 million common equity PIPE (Private Investment in Public Equity) subscribed concurrently with the signing of the BCA.
  • There may be more capital raised prior to the business combination, but there is no minimum cash condition for the transaction.
  • AERKOMM is developing partnerships with both public and private sector clients that have increasing demands for multi-beam and multi-orbit satellite communications solutions.

Avalanche Technology Announces Two New Products in Its Upgradeable Small Form Factor Family of Gb STT-MRAM For Aerospace Applications

Retrieved on: 
Monday, March 25, 2024
Transfer, Temperature, SRAM, EEPROM, EAP, System, MRAM, Engineering, Life, RAM, Marketing, Low Earth orbit, STT-MRAM, GEO, Persistent, PDC, Parallel, FBGA, Video game

FREMONT, Calif., March 25, 2024 /PRNewswire-PRWeb/ -- Avalanche Technology, the leader in next generation MRAM technology, announced today two new densities of its 3rd generation space-grade parallel asynchronous x32-interface high-reliability P-SRAM (Persistent SRAM) memory devices, based on its latest Spin Transfer Torque Magneto-resistive RAM (STT-MRAM) technology.

Key Points: 
  • With this development, Avalanche Technology is leading an evolution toward a new level of performance versus cost for modern space electronic systems.
  • "We welcome the addition of Avalanche's higher densities in the same physical footprint.
  • With the new 8Gb P-SRAM device, customers can design unified memory architecture systems for high reliability aerospace applications, all in one small form factor."
  • All density options in Avalanche's Parallel x32 Space Grade series will be available to customers participating in the early access program.

MDA ANNOUNCES STRATEGIC EXPANSION IN THE UK

Retrieved on: 
Tuesday, November 21, 2023
UK Space Agency, Acquisition, Engineering, Workforce, Electronics, Low Earth orbit, MDA, Conference, Software, MP, Growth, Innovation, TSX, News, Government, Video game, Communications satellite, Renewable energy, Didcot

Announced in conjunction with the UK Space Conference 2023 taking place this week in Belfast, MDA confirmed plans to expand its talent base and operational capacity across the UK as the global space economy continues to grow.

Key Points: 
  • Announced in conjunction with the UK Space Conference 2023 taking place this week in Belfast, MDA confirmed plans to expand its talent base and operational capacity across the UK as the global space economy continues to grow.
  • As part of its UK expansion, MDA has announced plans to hire 75 new employees in the UK by the end of 2024, doubling its current UK workforce of 75 existing staff.
  • In October, MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. , accelerating MDA's market expansion in the UK and adding strategic in-country capability to produce satellite payloads.
  • "MDA's decision to expand its current operational footprint in the UK and double its UK workforce is truly welcome news.

MDA ANNOUNCES STRATEGIC EXPANSION IN THE UK

Retrieved on: 
Tuesday, November 21, 2023
UK Space Agency, Acquisition, Engineering, Workforce, Electronics, Low Earth orbit, MDA, Conference, Software, MP, Growth, Innovation, TSX, News, Government, Video game, Communications satellite, Renewable energy, Didcot

LONDON, Nov. 21, 2023 /PRNewswire/ -- MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, has revealed plans to more than double its UK workforce and operational footprint over the next 12 months. Announced in conjunction with the UK Space Conference 2023 taking place this week in Belfast, MDA confirmed plans to expand its talent base and operational capacity across the UK as the global space economy continues to grow.

Key Points: 
  • Announced in conjunction with the UK Space Conference 2023 taking place this week in Belfast, MDA confirmed plans to expand its talent base and operational capacity across the UK as the global space economy continues to grow.
  • As part of its UK expansion, MDA has announced plans to hire 75 new employees in the UK by the end of 2024, doubling its current UK workforce of 75 existing staff.
  • In October, MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. , accelerating MDA's market expansion in the UK and adding strategic in-country capability to produce satellite payloads.
  • "MDA's decision to expand its current operational footprint in the UK and double its UK workforce is truly welcome news.

SatixFy Announces Strategic $60 Million Transaction including a Commercial Agreement & Subsidiary Sale with MDA

Retrieved on: 
Thursday, August 31, 2023
Hardware, Satellite, Other Technology, Technology, Telecommunications, Communication, Digital, SATX, Sale, Low Earth orbit, Acquisition, LEO, TSX, Growth, MDA, NYSE, ASIC, Communications satellite

SatixFy Space Systems is SatixFy’s satellite payload subsidiary expert in the development of digital satellite payloads systems and subsystems, including digital beam forming antennas and on-board processing.

Key Points: 
  • SatixFy Space Systems is SatixFy’s satellite payload subsidiary expert in the development of digital satellite payloads systems and subsystems, including digital beam forming antennas and on-board processing.
  • Nir Barkan, Acting CEO of SatixFy, commented, “This landmark agreement for SatixFy with MDA, a leading provider of advanced satellite technology, is a major achievement for SatixFy.
  • Furthermore, we expect that this transaction will increase our chipset sale into satellite digital payloads and will lead to increased collaboration between MDA and SatixFy in new areas.
  • “MDA and SatixFy have worked together to advance our digital satellite technology solutions and our teams are well acquainted, highly complementary and collaborative.

MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY

Retrieved on: 
Thursday, August 31, 2023
Communication, United Kingdom Global Navigation Satellite System, SSS, SATX, Low Earth orbit, US, Acquisition, LEO, United Kingdom, TSX, Growth, MDA, Hand, NYSE, Communications satellite

LONDON, Aug. 31, 2023 /PRNewswire/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX), and other strategic considerations.

Key Points: 
  • LONDON, Aug. 31, 2023 /PRNewswire/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX), and other strategic considerations.
  • "The  acquisition of SatixFy's digital payload division advances MDA's satellite systems strategy as we continue to invest and expand in next generation satellite technology and talent to meet growing customer demand," said Mike Greenley, CEO of MDA.
  • "MDA and SatixFy have worked together to advance our digital satellite technology solutions and our teams are well acquainted, highly complementary and collaborative.
  • On closing of the transaction the digital payload division (SSS), based in the United Kingdom, will be integrated into MDA UK, the company's existing UK subsidiary.

Telesat selects Space Flight Laboratory to manufacture LEO 3 demonstration satellite

Retrieved on: 
Tuesday, May 30, 2023
Communication, Vibration, Spacecraft, ITU, SFL, DEFIANT, LEO, Radio, TSX, TSAT, Ecosystem, Communications satellite, Telesat, Low Earth orbit

OTTAWA and TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced a contract award to Space Flight Laboratory (SFL) of Toronto, Ontario to manufacture a Low Earth Orbit (LEO) demonstration satellite for Telesat.

Key Points: 
  • OTTAWA and TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced a contract award to Space Flight Laboratory (SFL) of Toronto, Ontario to manufacture a Low Earth Orbit (LEO) demonstration satellite for Telesat.
  • The demonstration satellite, named LEO 3, will provide continuity for customer and ecosystem vendor testing campaigns following the decommissioning of Telesat’s Phase 1 LEO satellite.
  • Once successfully launched and on-station, LEO 3 will operate under an existing ITU network filing for Telesat Lightspeed, the company’s enterprise-class LEO constellation.
  • Missions support a wide range of applications related to Earth observation, atmospheric monitoring, ship tracking, communication, radio frequency (RF) geolocation, technology demonstration, space astronomy, solar physics, space plasma, and other scientific research.

Global Satellite Ground Station Market Report 2023: Increased Government Investments in Space Agencies Presents Opportunities

Retrieved on: 
Friday, May 12, 2023
Communication, Space research, Ultra high frequency, Defense, SUPARCO Satellite Ground Station, Low Earth orbit, Ground station, Government, USD, VHF, UHF, Kyōto Station, LEO, Ultra, Radio, Weather, Commercial, Region, Rain, Communications satellite, Orbit, Frequency, Navigation, Earth

The Satellite Ground Station market is projected to grow from USD 61.5 Billion in 2023 to USD 115.4 Billion by 2028, at a CAGR of 13.4 % during the forecast period.

Key Points: 
  • The Satellite Ground Station market is projected to grow from USD 61.5 Billion in 2023 to USD 115.4 Billion by 2028, at a CAGR of 13.4 % during the forecast period.
  • Increased Deployment of satellites ground stations for serving Ground Station as a Service (GSaaS) users is driving the market.
  • Based on Orbit, the Low Earth Orbit segment of the Satellite Ground Station market is projected to hold the highest growth rate during the forecast period.
  • The Satellite Ground Station market industry has been studied in North America, Europe, Asia Pacific, Rest of the World.

Small Satellite Market worth $7.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, March 31, 2023
Low Earth orbit, SOTP, Component, SOTM, Satellite, Private sector, Communication, Lockheed Martin, MEO, NASA research, Mobile, Orbit, Segment, Northrop Grumman, Transponder, L3Harris Technologies, Research, Space research, SATCOM, Frequency band, Government, Sierra Nevada Corporation, Development, GEO, Communications satellite, Investment, Atmosphere of Earth, Converter, LEO, Amplifier, Growth, SpaceX, Commercial, Airbus Defence and Space, Reflector, Geometric group theory, Rocket Lab, CubeSat, Beauty salon, Small, Uncrewed vehicle, Application, Frequency, Cube

The Commercial segment is expected to account for the largest share the small satellite market by the end-user.

Key Points: 
  • The Commercial segment is expected to account for the largest share the small satellite market by the end-user.
  • The Satellite bus segment held the largest market share in the small satellite market.
  • By Subsegment, the small satellite market has been segmented into satellite bus, payload, solar panel, satellite antenna and others.
  • The Low Earth Orbiting (LEO) Segment holds the major market share of the small satellite market by orbit segment.