Hispasat and LeoSat Sign Strategic Investment Agreement
LeoSat Enterprises, which is launching a constellation of low-earth-orbit communications satellites providing the fastest, most secure and widest coverage data network in the world, has entered into an agreement with Hispasat, the Spanish national satellite operator, to invest in LeoSat, both companies announced today. With this agreement, Hispasat joins Asia’s largest satellite operator SKY Perfect JSAT, in the growing trend for satellite operators to future-proof their communications solutions through the development of low earth orbit (LEO) capabilities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180709005794/en/
Hispasat and LeoSat Sign Strategic Investment Agreement LeoSat's Constellation will provide unique seamless satellite-based VPN to grow data and mobility markets (Photo: Business Wire)
Big Data is driving the need for new communications infrastructure. Data volumes are exploding, with more data created in the past 2 years that in the entire history of the human race. Global networks are already carrying more than 1 Zeta Byte of traffic globally and this is forecast to grow exponentially. This will have a lasting effect on the communications industry, with the need to invest in and deploy appropriate infrastructure, particularly with satellite communications, whose data market will grow with the deployment of low earth orbit solutions that will enable telecom and satellite operators to complement their current portfolio with suitable capabilities for future demand.
Hispasat is one of the only satellite operators to have achieved continuous growth over the past years thanks to a strong focus on innovation and smart long term investments. With the investment in LeoSat, Hispasat finds a perfect complement for its geostationary fleet and expands its scope significantly towards new verticals that will define the data market over the next years. The investment in LeoSat underlines their firm belief in the unique attributes of LeoSat’s new low earth orbit network architecture to ensure further growth in the future. Combining advanced on-board routers with inter-satellite laser links, LeoSat is creating an optical backbone in space, providing fiber-like low-latency and gigabit per second data delivery which is ultra-secure and extremely resilient, thanks to its gateway independent meshed-network data-connectivity from transmitter to receiver. This solution will provide LeoSat and its partners with valuable new business opportunities in the growing data and mobility markets in sectors such as telecommunications, multinational enterprise, maritime and government services by ensuring previously unavailable levels of network performance combined with worldwide reach.
With the ever-increasing demand to move large quantities of data quickly and securely around the world there is a growing interest in the major performance advantages of communications networks in LEO. The unique features of LeoSat’s system – ubiquity, low-latency, speed and cybersecurity – are ideal for a number of applications, such as to enabling global 4G and 5G satellite connectivity for cellular operators, providing the bandwidth required for energy, maritime or financial sector operations, delivering secure networks for government and defense communications, ensuring critical emergency communications and enabling Internet access and connectivity for remote communities.
With Hispasat now joining SKY Perfect JSAT, both companies will work with LeoSat to accelerate a number of key activities including, vendor selections for customer premise equipment and ground operations, as well as further optimization of the satellite platform. The partnership will also enable LeoSat to leverage both the commercial and regulatory expertise of these two well-established operators.
Mark Rigolle, CEO of LeoSat said: “We are delighted that Hispasat, with its reputation for quality, efficiency and reliability and its strong presence in Europe, North Africa and Latin America, has chosen to invest in LeoSat to expand its network capabilities. ’Always-on‘ connectivity, increasing digitization and the move to cloud-based operations and smart data analysis and management, all require resilient and future-proof networks to deliver connectivity and services. Whilst the perception of satellite for data communications is often seen as a last resort, LeoSat will change that by pairing the speed of fiber with the ubiquity of satellite and adding a new dimension of ultra-security. Hispasat recognizes that we will not only bring a paradigm shift in expanding the existing satellite services market, we will open up new markets for space-based data networking for telecoms, tech and media across the globe.”
Carlos Espinós, CEO of Hispasat, said: “With the current and future growth of data traffic, we see the strategic importance of investing in new infrastructure to enable our existing and future customers to substantially increase their communications capabilities. LeoSat has distinguishing features from the other constellations that makes it especially interesting: high capacity, low latency, high security and a meshed network that simplifies its architecture. LeoSat’s system design, combining satellite and networking technology to provide a network in space, is a departure from existing solutions today and we see this as a key opportunity for us to open-up new markets and deliver business growth. This investment in LeoSat demonstrates our belief that there will be very strong demand for LeoSat as it is the best solution to address the Enterprise market. It will allow Hispasat to strengthen and expand our existing GEO satellite services and position the company at the forefront of the new digital infrastructure. In addition, Hispasat and SKY Perfect JSAT have a relationship of complementarity, understanding and mutual trust that will ease our joint leadership in this initiative.”
Koki Koyama, Senior Managing Executive Officer of SKY Perfect JSAT commented: “This is an exciting time and we are delighted to welcome Hispasat on board LeoSat which will provide the first enterprise-grade, extremely high speed and secure data service worldwide. Both SKY Perfect JSAT and Hispasat will support LeoSat in ensuring the successful launch of this unique new next-generation network.”
About LeoSat Enterprises
LeoSat Enterprises was established to leverage the latest developments in satellite communications technologies to develop and launch a new low-earth-orbit satellite constellation which will provide the first commercially available, business grade, extremely high-speed and secure data service worldwide.
With up to 108 low-earth-orbit communications satellites in the constellation LeoSat is the first company to have all the High Throughput Satellites (HTS) in the constellation interconnected through laser links, creating an optical backbone in space which is about 1.5 times faster than terrestrial fiber backbones and without the need for any terrestrial touchpoints. This unique set of features enables LeoSat to provide instant infrastructure from anywhere to everywhere which is fast, secure and reliable.
Based in Washington DC, LeoSat is currently working with Thales Alenia Space for the low-earth-orbit constellation of Ka-band communications satellites. Once operational, the constellation will provide high-speed, low-latency and highly secure communications and bandwidth for business operations in the telecom backhaul, Energy, Maritime, Government and international business markets. Launch of the constellation is expected in 2019. www.leosat.com
New York based GH Partners acted as lead financial advisor to LeoSat Enterprises.
HISPASAT is comprised of companies that have a presence in Spain as well as in Latin America, where its Brazilian affiliate HISPAMAR is based. HISPASAT is a world leader in the distribution and broadcasting of Spanish and Portuguese audiovisual content, and its satellite fleet is used by important direct-to-home television (DTH) and high-definition television (HDTV) digital platforms. HISPASAT also provides satellite broadband and connectivity services which include Internet access, mobility and the extension of mobile networks, in addition to other added value solutions to governments, corporations and telecommunication operators in America, Europe and North Africa. HISPASAT is one of the world's largest companies in its sector in terms of revenue, and the main communications bridge between Europe and the Americas.
VP Marketing & Communications, LeoSat Enterprises
Noel Rimalovski, GH Partners LLC
Tel: +34 91 710 25 40
Email: firstname.lastname@example.org/ email@example.com
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Moody’s Names Mona Breed as Chief Information Officer25.9.2018 23:30 | Tiedote
Moody’s Corporation (NYSE:MCO) announced today that Mona Breed will join the company as Chief Information Officer (CIO), effective October 15, 2018. As CIO, Ms. Breed will lead Moody’s global technology infrastructure and programs. She will report to Raymond McDaniel, President and Chief Executive Officer of Moody’s. “With nearly 30 years of experience embedding innovation and technology programs at leading financial and professional services firms, Mona’s insight and expertise will be invaluable as we enhance our technology capabilities and leverage our investments,” said Raymond McDaniel President and Chief Executive Officer of Moody’s. Prior to joining Moody’s, Ms. Breed led IT infrastructure for Oppenheimer Funds, where she drove innovation and transformation, including the firm’s cloud computing, unified communication and collaboration, data center operations and workplace technologies. She has also held senior technology roles at PricewaterhouseCoopers and Apollo. Ms. Breed succe
IWBI Announces First WELL Portfolio Participants25.9.2018 21:00 | Tiedote
The International WELL Building Institute™ (IWBI™) announced today the first participants in WELL Portfolio™, a new streamlined pathway for WELL Certification™ for multiple new or existing buildings and tenant spaces in a single portfolio. Being released as part of the WELL v2™ pilot, the latest iteration of the WELL Building Standard™ (WELL™), it is part of a suite of enhancements to WELL that addresses growing demand across the building industry for a program that helps owners, developers and tenants streamline and scale health and wellness upgrades to their real estate assets. The announcement quickly follows the launch of WELL v2, the second iteration of IWBI’s pioneering WELL Building Standard. The addition of an early phase review process enabling projects to seek the WELL D&O™ designation, introduced in WELL v2, allows portfolio projects to move through the certification process in a more streamlined and systematic fashion across their asset base, with a specific focus on polici
Mobile Industry Accelerating Delivery of Sustainable Development Goals, According to Latest GSMA Report25.9.2018 20:00 | Tiedote
The global mobile industry is demonstrating significant and measurable impact in contributing to the UN’s Sustainable Development Goals (SDGs) and is strengthening its commitment to improving lives around the world, according to a new GSMA study. The 2018 edition of the GSMA’s annual ‘Mobile Industry Impact’ report, published at the UN General Assembly this week, found that the industry has continued to increase its contribution against all 17 Goals since mobile become the first sector in the world to commit to delivery of the SDGs in 2016. This growing impact reflects mobile’s unprecedented global scale, which provides a platform to connect unconnected communities, reduce poverty, improve access to healthcare and education, and drive sustainable economic growth. “More than two-thirds of the people on the planet are now connected to a mobile network and, for many, mobile is the primary – sometimes only – channel for accessing the internet and life-enhancing services,” commented Mats Gr
PMI: Taking Bold Action for Global Change: a Conversation on Tobacco Today and Transformation for Tomorrow25.9.2018 18:43 | Tiedote
During the 2018 Concordia Annual Summit, taking place in September 24 & 25 in New York, André Calantzopoulos, CEO of Philip Morris International, delivered a speech highlighting the need to have a dialogue between the industry, leaders, policy-makers, scientists, medical, and public health professionals in order to provide the 1.1 billion people who smoke with better alternatives to cigarettes. The Concordia Annual Summit, which coincides with the United Nations General Assembly (UNGA) meeting, convenes the world’s most prominent business, government, and nonprofit leaders to foster dialogue and enable effective partnerships for positive social impact. The remarks by André Calantzopoulos follow: “I'm the Chief Executive Officer of a tobacco company. I’m here today because, as global leaders come together in New York for the United Nations General Assembly, this is the time and place to discuss today's problems and their potential solutions. “Smoking tobacco is a behavioral risk factor
ExaGrid Achieves a Net Promoter Score of +7325.9.2018 18:22 | Tiedote
ExaGrid ®, a leading provider of hyper-converged secondary storage for backup, today announced that the company has achieved a Net Promoter Score (NPS) of +73 in response to a recently conducted NPS survey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005883/en/ The NPS customer loyalty metric measures how likely existing customers are to recommend a vendor’s product or service to a colleague. The resulting NPS score can be as low as -100 or as high as +100. Most of ExaGrid’s competitors have an NPS of between +10 and +20 versus ExaGrid at +73. We attribute the satisfaction of our customers to our unique product architecture, the fact that the product “just works,” and also to a unique support model: Each customer is assigned to a senior level 2 support tech. Customers consistently deal with the same support tech who virtually becomes an extension of the customer’s IT team; the tech knows the customer, their environm
Abu Dhabi International Hunting and Equestrian Exhibition 2018 Opens its Doors Today25.9.2018 18:17 | Tiedote
Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, Chairman of the Emirates Falconers’ Club, the 16th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) was inaugurated at Abu Dhabi National Exhibition Center (ADNEC), which will run until 29th September, and celebrates this year the centennial of the late Sheikh Zayed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005875/en/ Scenes from ADIHEX - (Photo: AETOSWire) The event is organized by the Emirates Falconers’ Club and is supported by the Environment Agency - Abu Dhabi (EAD), International Fund for Houbara Conservation (IFHC), the Department of Culture and Tourism (DCT) and The Cultural Programs and Heritage Festivals Committee in addition to many local, regional and international media partners. The main sponsor is His Highness Sheikh Mansoor bin Zayed Al Nahyan Global A
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme