EMEA Markets - Latest Developments
This month the Satellite Markets and Research asked executives of satellite companies from all over the world on what impact has the global COVID-19 pandemic has had on their business and what measures have they taken to respond to the crisis and how they see their companies emerging from all these. The companies represent a cross-section of the various segments of the industry including manufacturers and service providers. Here are their responses:
Manuel Lobeira, CEO
ACORDE Technologies
Santander, Spain
They can call it what they want. I call it “UNsocial distancing.” Let’s face it, living life online sucks. It always has. It always will. I’m sorry. I just like being with people. I like schmoozing. I like talking – about anything. I even can tolerate close talkers who spit a little – although not these days!
If there’s one thing the global business community has learned from the COVID-19 pandemic that continues to ebb, flow and unfold on the daily, wreaking having on bottom lines in every corner of the world in its wake, it’s the outright imperative for companies to be agile “from top to bottom.” In fact, agility is rapidly establishing itself as “the great equalizer,” asserting its unbridled authority over which companies—from global conglomerates to mom and pops...and EVERYTHING in between—will survive another day.
Recent developments in IoT connectivity and the coming of ubiquitous global low cost IoT connectivity are bound to cause a major technology disruption in the meteorological world.
The April 2020 issue of the Satellite Executive Briefing magazine sponsored by The Spaceconnection is now available. Featuring:
The Satellite Industry in the Time of COVID-19 by Virgil Labrador
Prospects in the OTT via Satellite Market by Omkar Nikam
Trends in the Satellite Industry: A User's Perspective by Krasimir Terziev
Responding to the COVID-19 Pandemic by Martin Jarrold
Better Satellite World Series: When Disaster Strikes
Will Connecting with LEO and MEO be a Viable Business? by Robert Bell
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
KVH Industries reported Net loss from continuing operations in the first quarter of 2020 of US$ 6.2 million, or $0.35 per share, compared to a net loss of $6.5 million, or $0.38 per share in the first quarter of 2019. •Non-GAAP net loss from continuing operations in the first quarter of 2020 was $4.3 million, or $0.25 per share, compared to $3.8 million, or $0.22 per share in the first quarter of 2019.
Millions of girls are missing. They are missing from school. They are missing from jobs. They are missing from the leadership of their communities and nations.
In starting to draft this column it was impossible not to be affected by the news that the official global figure for Covid-19 fatalities was approaching 250,000. The zoonotic – interspecies – jump to humans and subsequent pandemic spread of the novel coronavirus (SARS-CoV-2) has badly impacted many of the world’s most advanced and richest countries, but the epidemiology tells us that the worst of the impact, on the less-developed world, is still to come.
Rocket Lab has closed the transaction to acquire Sinclair Interplanetary, a leading provider of high-quality, flight-proven satellite hardware. Rocket Lab initially announced the execution of the agreement to acquire Sinclair Interplanetary on March 16, 2020 pending customary closing conditions and satisfying The Investment Canada Act review process. Terms of the approved deal were not disclosed.
Infostellar has raised a total of US$ 3.5 million in convertible bonds with existing investors Airbus Ventures and Sony Innovation Fund, while welcoming new investors Daiwa Energy Infrastructure, Mitsubishi UFJ Capital, and Mitsubishi UFJ Lease & Finance. As a result, the cumulative amount of funds raised now reaches USD 11.5 million.
Infostellar is continuing to raise additional funds, and this round is scheduled to be closed by June 2020.
