News Analysis

MarketBrief report on the Internet of Things (IoT) Market sponsored by ST Engineering iDirect

Featuring:

The State of the Art of the Satellite Internet of Things (IoT) Market  by Elisabeth Tweedie

Interview with Cynthia Harty, Vice-President-Strategic Business Development, ST Engineering iDirect

Use Case: Satellite IoT for Agricultural Applications

To read or download the pdf of full report click here.

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.

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.

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.

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.

London, UK, August 12, 2021--Hanwha, a South Korean Fortune 500, global technology and manufacturing company has announced a US $300 million equity investment by its subsidiary Hanwha Systems in OneWeb, the Low Earth Orbit (LEO) satellite communications company.  This investment brings OneWeb’s total equity investment since November 2020 to US $ 2.7 Billion with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.

London, UK, August 11, 2021: The SpaceTech sector experienced another record-breaking quarter of venture financing in Q2 2021, both in terms of amounts invested and deals done, according to the latest figures from the Seraphim SpaceTech Venture Capital Index (“the Index”) published today.

Abu Dhabi, United Arab Emirates, August 11, 2021--Al Yah Satellite Communications Company PJSC  listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), oday announced its financial results for the period 1st half 2021 ended 30 June 2021. In its first announcement after the successful completion of its initial public offering (the "IPO")  on 14 July 2021, Yahsat reported robust financial performance for the first half of 2021, showing strong results across all operating segments.

Petah Tikva, Israel – August 10, 2021 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter of 2021. Highlights include (all figures in US$):

Tyson's Corner, Va., August 4, 2021--Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended June 30, 2021. Intelsat reported total revenue was US$ 507.9 million and net loss attributable to Intelsat S.A. was US$ 152.3 million for the three months ended June 30, 2021. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 150.4 million and Adjusted EBITDA of US$ 283.8 million, or 56% of revenue, for the three months ended June 30, 2021.