Comtech Telecommunications Corp. (NASDAQ: CMTL) provided a business update on the impact of the coronavirus, including the withdrawal of its business outlook for its fiscal year ending July 31, 2020, and a status update on the Gilat Satellite Networks Ltd. acquisition.
Coronavirus Update and Withdrawal of Business Outlook for Fiscal 2020
AXESS Networks (AXESS) signed a joint venture agreement with the Saudi Arabian communications provider Middle East Telecommunications Co. (METelecom). The intention is to provide end-to-end managed satellite communications solutions that are designed to enhance performances of customers operating in Saudi Arabia.
The March 2020 issue of the Satellite Executive Briefing magazine sponsored by Spacebridge is now available. Featuring:
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 National Association of Broadcasters (NAB) has decided not to hold the NAB show this year and instead announced the launched of NAB Show Express to launch in April 2020. This digital experience will provide a conduit for exhibitors to share product information, announcements and demos, as well as deliver educational content from the original selection of programming slated for the live show in Las Vegas, and create opportunities for the community to interact virtually.
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.
The National Association of Broadcasters (NAB) is contemplating several options after it announced that it is calling off the 2020 NAB Show amid concerns regarding the ongoing coronavirus outbreak. The NAB is considering moving their flgaship show to the summer or expanding autumn's NAB Show New York.