OTTAWA,
ON and REHOVOT, Israel, Nov. 4, 2024
/PRNewswire/ -- Telesat (NASDAQ and TSX: TSAT), one of
the world's largest and most innovative satellite operators, today
announced that SatixFy Communications Ltd. ("SatixFy") (NYSE
American: SATX), a leader in next-generation satellite
communication systems based on in-house-developed chipsets, will
develop and deliver the Landing Station Baseband Units for the
upcoming Telesat Lightspeed Network.
Under the terms of a new agreement, SatixFy will design,
develop, and supply Landing Station Baseband systems to Telesat,
with deliveries taking place over a 28-month period. These systems
will enable high-speed and efficient communication between the
Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing
Stations. The Telesat Lightspeed constellation is designed to
deliver global, high-speed, low-latency broadband connectivity for
enterprise and government organizations. The total agreement
amounts to US$39 million, which
includes equipment and non-recurring engineering charges, of which
US$5 million was paid to SatixFy in a
prior financial reporting period.
"SatixFy's expertise in developing end-to-end next-generation
satellite communications systems makes them an invaluable partner
as we continue pushing towards the launch of the Telesat Lightspeed
Network," stated Aneesh Dalvi,
Vice President for Telesat Lightspeed Systems Development.
"Through this agreement, Telesat will be able to fully integrate
its innovative LEO satellites with its global terrestrial network
to deliver secure, resilient broadband capabilities that meet the
mission-critical requirements of telecom, government and enterprise
organizations."
"We value our strong and growing partnership with Telesat as
they look to enhance global connectivity by providing faster and
more reliable services to their customers," said Nir Barkan, Chief Executive Officer of
SatixFy. "We are proud to be a critical technology supplier for
the Telesat Lightspeed program and this agreement further
strengthens our position as the leading provider of chipsets and
equipment for the satellite communications industry. We look
forward to continuing to expand our relationship with Telesat, as
well as other leading satellite service providers and
operators."
About Telesat
Backed by a legacy of engineering excellence, reliability and
industry-leading customer service, Telesat (NASDAQ and TSX: TSAT)
is one of the largest and most innovative global satellite
operators. Telesat works collaboratively with its customers to
deliver critical connectivity solutions that tackle the world's
most complex communications challenges, providing powerful
advantages that improve their operations and drive profitable
growth.
Continuously innovating to meet the connectivity demands of the
future, Telesat Lightspeed, the company's state-of-the-art Low
Earth Orbit (LEO) satellite network, has been optimized to meet the
rigorous requirements of telecom, government, maritime and
aeronautical customers. Telesat Lightspeed will redefine global
satellite connectivity with ubiquitous, affordable, high-capacity
links with fibre-like speeds. For updates on Telesat, follow us on
X, LinkedIn, or visit www.telesat.com.
About SatixFy
SatixFy develops end-to-end next-generation satellite space and
ground communications systems, including satellite multi beam
digital antennas, user terminals and modems, based on powerful
chipsets that it develops in house.
SatixFy's products include modems that feature Software Defined
Radio (SDR) and Fully Electronically Steered Multi Beam Antennas
(ESMA) that support the advanced communications standard DVB-S2X.
SatixFy's innovative ASICs improve the overall performance of
satellite communications systems, reduce the weight and power
requirements of terminals and payloads, and save real estate for
gateway equipment. SatixFy's advanced VSATs and multi-beam fully
electronically steered antenna arrays are optimized for a variety
of mobile applications and services, using LEO, MEO and GEO
satellite communications systems, for aero/in-flight connectivity
systems, high-end communications-on-the-move applications, and
more.
SatixFy is headquartered in Rehovot, Israel with additional offices in the UK, US
and Bulgaria.
For more information, please refer to www.SatixFy.com.
Logo:
https://mma.prnewswire.com/media/2547549/5004475/Telesat_Logo.jpg
Logo: https://mma.prnewswire.com/media/2532188/5004476/Satixfy_Logo.jpg
Media Contacts:
W2 Communications for Telesat
telesat@w2comm.com
Aviv Sax Nahamoni for SatixFy
info@satixfy.com
Investor Relations Contacts:
James Ratcliffe for Telesat
+1 613 748 8424
ir@telesat.com
Ehud Helft & Kenny Green for SatixFy
EK Global IR
satixfy@ekglobal.com
Telesat Forward-Looking Statements Safe Harbor
This news release contains statements that are not based on
historical fact and are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
Canadian securities laws. When used herein, statements which are
not historical in nature, or which contain the words "will,"
"ensures" or similar expressions, are forward-looking
statements. Actual results may differ materially from the
expectations expressed or implied in the forward-looking statements
as a result of known and unknown risks and uncertainties. All
statements made in this press release are made only as of the date
set forth at the beginning of this release. Telesat Corporation
undertakes no obligation to update the information made in this
release in the event facts or circumstances subsequently change
after the date of this press release.
These forward-looking statements are based on Telesat
Corporation's current expectations and are subject to a number of
risks, uncertainties and assumptions. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond Telesat
Corporation's control, are difficult to predict, and could cause
actual results to differ materially from those expressed or
forecasted in the forward-looking statements. There are numerous
risks and uncertainties associated with Telesat's business and the
Telesat Lightspeed constellation. Known risks and uncertainties
include but are not limited to: inflation and rising interest
rates; Telesat's ability to meet the funding conditions of its
funding agreements with the Government of Canada and Government of Quebec; technological hurdles, including our
and our contractors' development and deployment of the new
technologies required to complete the constellation in time to meet
our schedule, or at all; the availability of services and
components from our and our contractors' supply chains;
competition; risks associated with domestic and foreign government
regulation, including access to sufficient orbital spectrum to be
able to deliver services effectively and access to sufficient
geographic markets in which to sell those services; Telesat's
ability to develop significant commercial and operational
capabilities; risks associated with operating satellites and
providing satellite services, including satellite construction or
launch delays, launch failures, in-orbit failures or impaired
satellite performance; and volatility in exchange rates. The
foregoing list of important factors is not exhaustive.
Investors should review the other risk factors discussed in
Telesat's annual report on Form 20-F for the year ended
December 31, 2023, and the Forms 6-K
that were filed on March 28, 2024,
May 10, 2024, and August 14, 2024, with the United States
Securities and Exchange Commission (SEC) and the Canadian
securities regulatory authorities at the System for Electronic
Document Analysis and Retrieval + (SEDAR+), and may be accessed on
the SEC's website at www.sec.gov and SEDAR's website at
www.sedarplus.ca.
SatixFy Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates" and similar expressions
or variations of such words are intended to identify
forward-looking statements. For example, SatixFy is using forward
looking statement in this press release when it discusses its
strategic partnerships; SatixFy's design, development and delivery
of the Landing Station Baseband Units and the timing thereof; the
receipt of the remainder of the amounts under the agreement with
Telesat and the intended and potential benefits of SatixFy's
technologies. Important factors that could cause actual results,
developments and business decisions to differ materially from those
anticipated in these forward-looking statements include, among
others: the Company's planned level of revenues and capital
expenditures; the Company's available cash and its ability to
obtain additional funding; the Company's ability to market and sell
its products; legal and regulatory developments in the United States and other countries; the
Company's ability to maintain its relationships with suppliers,
distributors and other partners; the Company's ability to maintain
or protect the validity of its patents and other intellectual
property; political, economic and military instability in the
Middle East, specifically in
Israel Important factors that
could cause actual results, developments and business decisions to
differ materially from those anticipated in these forward-looking
statements include, among others: the Company's planned level of
revenues and capital expenditures; the Company's available cash and
its ability to obtain additional funding; the Company's ability to
market and sell its products; legal and regulatory developments in
the United States and other
countries; the Company's ability to maintain its relationships with
suppliers, distributors and other partners; the Company's ability
to maintain or protect the validity of its patents and other
intellectual property; political, economic and military instability
in the Middle East, specifically
in Israel; as well as those
factors set forth in the Risk Factors section of the Company's
Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on
March 29, 2024, and other documents
filed with or furnished to the SEC which are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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SOURCE SatixFy Communications Ltd.; Telesat
