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Sky and Space Global signs new deal ahead of nano-satellite launch

Sky and Space is preparing to deploy nano-satellites in Q2 2017.
Sky and Space Global signs new deal ahead of nano-satellite launch
Nano-satellites to be launched aboard Indian rocket

Sky and Space Global (ASX:SAS) has signed a non-binding agreement with Globalsat Group LLC to provide Sky and Space’s satellite services to Globalsat’s end-users in South and Latin America.

Globalsat is a provider of mobile satellite services, with a strong local presence across major markets in South and Latin America.

Sky and Space is preparing to deploy nano-satellites in orbit to provide global communication infrastructure and services to the telecommunications and other industries.

The company is set to imminently launch its 3 Diamonds nano-satellites aboard the Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV) in Q2 2017.

Following the successful demonstration of the 3 Diamonds, Sky and Space intends to launch an equatorial constellation of up to 200 nano-satellites from mid-2018.

A key plank of the agreement with Globalsat is to use the bandwidth provided by Sky and Space’s narrow-band satellite communication services to Globalsat’s end-users.

Globalsat provides satellite telecommunications solutions for thousands of customers in multiple vertical sectors such as energy, government, defence, media, mining and banking.

Under the terms of the agreement, the parties will first work towards performing a commercial demonstration of the services during H2 2017 in South and Latin America.

The agreement to utilise the bandwidth provided by the nano-satellites is aimed at further de-risking Sky and Space’s 3 Diamonds communications offering.

The company’s share price has more than doubled since the start of 2017, last trading at $0.195.

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Sky and Space Global Ltd Timeline

Newswire
September 05 2017

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