Europe, Middle East and Africa Markets

Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019.  This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period. 

For its latest research titled, “EO4AG - Earth Observation for Agriculture”, Euroconsult has teamed up with TerraMetric, a US-based, global business development firm focused on geospatial and new space markets, to provide an in-depth analysis on the global trends, vertical integration opportunities and regional demand forecasted for Earth observation-based services and products addressing the agriculture sector.

C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.

Álvaro Sánchez García de Viedma, CEO of satellite company Integrasys who also hold the title of "Marquess of Antella, member of ‘’Diputación de la Grandeza y Titulos del Reino’’ (Deputation of Greatness and Titles of the Kingdom)", contributed to the fight against COVID-19, by donating 2000 masks to the Michelet school, located in the town of Antella, Italy, and inviting other nobles and businessmen to take similar actions.

AAC Clyde Space has reached an agreement to acquire 100 percent of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).

AfricaCom and AfricaTech are anchor events of the new Africa Tech Festival, which will take place – online – from 10-12 November this year.  Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.

 glattli.jpgRiedel Communications  announced the promotion of Peter Glättli to Director of Research and Development. Reporting to founder and CEO Thomas Riedel, Glättli will assume responsibility for Riedel's five main development hubs, aiming to advance the company's IP-enabled hardware and software solutions.