SatixFy is a satellite communication systems company that develops next-generation solutions, including multi-beam digital antennas, user terminals, and modems, based on its in-house designed chipsets. They provide advanced ASICs (Application-Specific Integrated Circuits) that improve satellite communication performance and reduce the weight and power requirements of equipment. SatixFy's technology supports LEO, MEO, and GEO satellite communications and partners with companies like MDA Space and OneWeb. Their solutions cater to various mobile applications, including in-flight connectivity and communications-on-the-move services.
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SatixFy has high visibility to at least $40,000,000 in 2022 revenue from contracts with existing customers.
SatixFy intends to use the proceeds from the merger transaction to fund rapid business expansion.
SatixFy Communications Ltd. develops next-generation satellite communication systems based on in-house developed chipsets.
SatixFy projects a $20,000,000,000 market opportunity by 2029 across ground terminals, payloads for LEO broadband satellites, and commercial and business aircraft.
The SPAC transaction values the combined SatixFy company at about $813,000,000.
SatixFy agreed to go public by merging with special purpose acquisition company Endurance Acquisition Corp.
SatixFy has visibility to at least $40,000,000 in 2022 revenue from contracts with existing customers.
SatixFy received a committed equity facility worth $75,000,000 from an affiliate of U.S. investment firm Cantor Fitzgerald.
SatixFy was established in 2012 and develops satellite antennas, terminals, and modems based on semiconductors it develops in-house.
SatixFy received a $55,000,000 loan from California-based private equity firm Francisco Partners.
The combined SatixFy–Endurance entity aims to receive approximately $29,000,000 through a private investment in public equity (PIPE) funding round from Antarctica Capital and China-based asset manager Sensegain Group.
SatixFy forecasted revenues to grow from $22,000,000 in 2021 to $374,000,000 in 2026 in an investor presentation.
Canadian satellite operator Telesat contracted SatixFy to provide modems for 288 landing station antennas envisioned for the Telesat Lightspeed low Earth orbit broadband constellation.
SatixFy expects to raise up to $230,000,000 in gross proceeds from the merger with Endurance Acquisition Corp depending on SPAC shareholder redemptions ahead of closing 2022.
SatixFy reached an agreement in March 2021 to provide in-flight connectivity terminals for low Earth orbit operator OneWeb.
Telesat (NASDAQ and TSX: TSAT) and SatixFy have agreed to deploy SatixFy Sx3099 baseband modem equipment for Telesat Lightspeed gateway Earth stations worldwide.
OneWeb partnered with Israel antenna maker SatixFy to build terminals for aircraft to enable in-flight connectivity services.
SWISSto12 and SatixFy announced a strategic teaming for the development and commercialization of end-to-end MEO and GEO telecom satellite payloads.
SatixFy contributes its Software Defined, high bandwidth product portfolio in flexible digital payloads and beamforming technology that utilizes its radhard Sx4000 and Prime2 ASICs.
SatixFy is a leading developer and manufacturer of advanced digital processing multibeam and beamforming products and systems for communications over satellite.