News Analysis

ITS Electronics and TTI Announce a Strategic Partnership

Vaughan, Ontario, Canada, September 13, 2021--ITS Electronics, a provider of satellite communications  equipment for earth stations, mobile, naval and aeronautical applications and TTI Norte, a provider of satellite communications equipment for earth stations and space applications announced today a strategic partnership agreement. The agreement enables ITS Electronics and TTI Norte to access and sell each company’s RF products/services, jointly develop products and provide after sales support for products in EMEA and North America.

Eutelsat Completes OneWeb Equity Investment

Paris, France,  September 8, 2021–Eutelsat Communications (Euronext Paris: ETL) confirms the closing of its US$ 550 million equity investment in OneWeb announced on April 27, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6% stake.

The Satellite Industry in a Post-Pandemic World

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., September 6, 2021--As with many industries, the satellite industry has not been spared the effects of  the global COVID-19 pandemic which hit the world over a year and a half ago. The pandemic has drastically disrupted supply chains and practically shut down key market segments for satellite such as in-flight connectivity and some key segments of the maritime sector such as  the cruise ship business.  Some key installations and contracts were delayed due to travel restrictions. However,  the satellite industry  has fared better than most industries during the pandemic due to several factors inherent in the key markets that the industry serve and the prospects post-pandemic are encouraging.

AVEALTO’s High Altitude Platform: A Transformative Technology Whose Time Has Come

London, UK, September 2, 2021--An up and coming  company is leveraging the  transformative technology of High Altitude Platforms  (HAP) to bridge the digital divide and provide broadband services for various vertical market applications   at a shorter time-to-market deployment and lower costs. AVEALTO Ltd., a UK-based company formed to design, build and operate a fleet of HAP vehicles which can transparently replace point-to-point satellite services at a lower cost, with higher quality service has began customer acquisition activities.  

 

Kymeta and Comtech Enter into a Technology and Business Development Partnership

Melville, NY, Aug. 25, 2021—Kymeta and Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today a technology and business development partnership. As a result, Kymeta has diversified its service offerings via network compatibility with Comtech’s UHP-200 Universal Satellite Router and the Kymeta™ u8 terminal, and Comtech has expanded distribution of its recently acquired UHP product line and strengthened its ability to offer integrated VSAT solutions to its customers.

Vector Acquisition Corporation Shareholders Approve Proposed Merger With Rocket Lab

Long Beach, Calif., August 20, 2021--Vector Acquisition Corporation (Nasdaq: VACQ), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc., at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of less than 3% of its Class A ordinary shares have properly exercised their right to redeem their shares in connection with the proposed merger. As a result, the gross amount of cash that that the combined company will receive from Vector’s trust account and concurrent PIPE financing upon the closing of these transactions, before transaction expenses, will equal approximately US$ 777 million.

Spire Global Completes of Merger with NavSight Holdings

Vienna, Va., August 16, 2021--Spire Global, a global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc. (NYSE: NSH)  to take Spire public. The combined company has been renamed “Spire Global, Inc.” and its shares will commence trading on the New York Stock Exchange on August 17, 2021, under the ticker symbol “SPIR” for Spire common stock and “SPIRW” for Spire warrants.

Telesat Reports Results for the Quarter and Six Months Ended June 30, 2021

Ottawa, Canada, August 13, 2021--Telesat today announced its financial results for the three and six-month periods ended June 30, 2021. Adjusted EBITDA was CDN$ 149 million, a decrease of 10% ($16 million) or, when adjusted for foreign exchange rates, a decrease of 3% (CDN$5 million). The Adjusted EBITDA margin1 for the second quarter of 2021 was 79.2%, compared to 79.1% in 2020.