Asia-Pacific Markets - Latest Developments
The March 2020 issue of the Satellite Executive Briefing magazine sponsored by Spacebridge is now available. Featuring:
New Space Trends by Omkar Nikam
AXESS Networks: A Merger with a Lot of Synergy by Virgil Labrador
Interview with Guido Neumann, Chief Development Officer and President EMEA, AXESS Networks
Antennas for Comms on the Move Applications by Bernardo Schneiderman
The Next Decade in Space Innovation by Stuart Daughtridge
The Importance of Link Budgets by Alvaro Sanchez
Work Microwave: A Diversified Portfolio for Changing Market Demands
Amphinicy Technologies: Building on its Strengths and Engineering Expertise
Executive Spotlight: Mitja Lovsin, General Manager, STN
Satellite Operators' Minimum Antenna Requirements by Martin Jarrold
Before there was Nomophobia, there was the Teleport Awards by Lou Zacharilla
PLUS Products and Services MarketPlace Guide to Satellite 2020 and CABSAT 2020, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file
Low Earth Orbit (LEO) constellation operator OneWeb announced today that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
The company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.
The industry's premier show, Satellite 2020 held from March 9-11 in Washington D.C., was almost a surreal experience. I don’t know the precise numbers, but from walking around the show floor, I would guess that attendance was down by 30-50%. There were large gaps where booths should have been.
Rocket Lab, a space systems company and the global leader in dedicated small satellite launch, has reached an agreement to acquire Sinclair Interplanetary, a leading provider of high-quality, flight-proven satellite hardware. Financial terms of the acquisition have not been disclosed.
The acquisition strengthens the satellite division of Rocket Lab, which produces the Photon spacecraft line, and will enable Sinclair to tap into Rocket Lab’s resources, scale, manufacturing capability and innovative technology.
C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a l provider of mobile auto-deploying satellite antenna systems, announced today financial results for the fiscal year ended November 30, 2019. The company has generated revenues of CDN $13,977,909 and a net after tax profit of CDN $2,843,092 or 8 cents per share. This compared with 2018 total revenues of CDN $13,527,368 and a net after tax profit of CDN $2,299,501 or 6 cents per share, representing an increase of 3.3% and 23.6% respectively.
Informa i announced the co-location of their series of leading tech events in Singapore to form a groundbreaking proposition across one week and two locations. Held during 29 September – 2 October 2020 at the Singapore EXPO & MAX Atria and Marina Bay Sands, unparalleled synergies will unlock deep industry networking, collaboration and development.
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Radeus Labs today announced the closure of its acquisition of the company product line of SSC, formerly Satellite Systems Corporation. “This acquisition supports the strategic expansion of our product line and further strengthens our ability to deliver comprehensive control system solutions for our business partners and customers,” said Radeus Labs’ CEO, Juliet Correnti.
CABSAT, the Middle East & Africa’s leading event for content creation, production & broadcast and satellite & distribution is postponed from 31 March – 2 April to 26 – 28 October 2020 due to concerns over the coronavirus outbreak.
In light of global concerns due to the on-going Novel Coronavirus (COVID-19) situation, Informa Markets, organiser of ConnecTechAsia, which incorpoates CommunicAsia, is postponing the 2020 edition to 29 September – 1 October 2020 at the Singapore EXPO & MAX Atria. The event was originally scheduled for 9 - 11 June 2020 at Marina Bay Sands, Singapore.
Satellite 2020, the industry's premier event will go on as scheduled from Monday, March 9-12 according to the organizers. Booth set-up begins today. "We confirm that SATELLITE 2020 will take place as planned. Our duty to the community is to foster an environment that encourages business discussions among many sectors and continue progression of innovation in the satellite and space industries," said show director Lindsay Fuller.
The organizers issued a statement on March 4, which says as follows:
