Ovzon is a Swedish space company founded in 2006 that provides mobile satellite communications services, known as SATCOM-as-a-Service, globally. Their services integrate high-throughput satellite networks, mobile satellite terminals, and dedicated customer support to offer high-performance, secure, and resilient connectivity. Ovzon's key offerings include Ovzon Pegasus and Ovzon Orion, enabled by their proprietary Ovzon 3 satellite and On-Board-Processor. The company serves customers with critical communication needs such as Defense, National Security, Public Safety, and Emergency Services, with major customers including the U.S. Department of Defense, Swedish Space Corporation and NATO.
All verified mentions of this organization in source documents.
Ovzon’s 2022 financials are taking a hit of about 34 million Swedish krona, equivalent to about $3.3 million, after one of its customers fell behind on contracted payments.
Ovzon enlarged an existing 60 million Swedish krona loan facility by 5 million Swedish krona to help cover increasing costs.
Ovzon CEO Per Norén is confident in the market demand for Ovzon 3 and cites increasing demand from current and new customers for the geostationary satellite.
Ovzon recorded an operating loss of 9 million Swedish krona for the fourth quarter of 2022, an improvement from a 29 million Swedish krona operating loss in the same quarter of 2021.
Ovzon had planned to piggyback Ovzon 3 on one of Arianespace’s Ariane 5 rockets between December and February after missing an earlier 2022 slot due to Maxar Technologies’ supply chain issues.
Ovzon AB increased its loan facility with P Capital Partners from $60,000,000 to $65,000,000 to finalize and launch Ovzon 3.
Ovzon plans to publish its full financial report for the quarter on 2023-02-21.
Ovzon AB has drawn $45,000,000 from the P Capital Partners facility.
On 2023-02-03 Ovzon postponed the launch of its first owned satellite by at least five months after manufacturing delays forced a switch of launch provider from Arianespace to SpaceX.
Ovzon published preliminary financial results for the three months to the end of December 2022 showing net sales of 101 million Swedish krona compared with 73 million Swedish krona for the corresponding period in 2021.
Aicox Solutions has cooperated with Ovzon since 2021.
Under the agreement, Dispersive is deploying its DispersiveCloud solution to provide Ovzon greater overall security in managing its global satellite networks.
Dispersive Holdings and Ovzon reached an agreement for Dispersive to provide enhanced, secure satellite communications as part of Ovzon’s total solution.
Ovzon has received its first orders for SATCOM-as-a-Service from Swedish Space Corporation (SSC) and Nigma Conseil.
Per Norén is the CEO of Ovzon.
Ovzon's SATCOM-as-a-Service combines ultra-small, mobile satellite terminals, highly resilient and high-performance satellite networks with services from Ovzon's Network Operations Center.
Ovzon's fully managed SATCOM-as-a-Service operates 24/7 and delivers reliable solutions for secure satellite communication.
Ovzon is deepening its collaboration with SSC, which engages with customers, primarily within the Swedish government.
Ovzon plans to launch Ovzon 3 to provide near-peer capabilities intended to enhance mission success in contested environments.
Ovzon received $16,000,000 in renewed orders for its SATCOM-as-a-Service to the United States Department of Defense via partner Intelsat General Communications (IGC).