Proactive Investors - Run By Investors For Investors

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.

View full SAS profile View Profile

Sky and Space Global Ltd Timeline

September 05 2017

Related Articles

ROBO Global US CEO Travis Briggs
August 15 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
August 24 2018
American Manganese is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers
September 18 2018
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use