Hiber is a NewSpace startup, originally founded as Magnitude Space, focused on providing global Internet of Things (IoT) connectivity solutions, particularly in remote areas lacking traditional network infrastructure. The company utilizes a constellation of nanosatellites to enable affordable and easy-to-use end-to-end IoT solutions for off-grid asset monitoring. Hiber's services target industries such as energy, agriculture, and logistics, with key products including HiberHilo for remote well monitoring. While its satellite constellation plans were cancelled in 2021, the company continues to offer IoT services through partnerships and its existing satellite technology.
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Denis Young has worked at Airbus, Lockheed Martin, Hiber, and Bots.io.
The joint venture will be transformed into a standalone company on 2023-07-01 when the transfer of all relevant assets and employees of Hiber and WTS into the company has been completed.
Hiber planned to use spectrum it leases from Inmarsat to expand services to the Americas and provide services globally.
In May 2022 Astrocast plans to issue new shares to buy Dutch connectivity solutions provider Hiber, which agreed to invest around $11,000,000 in Astrocast’s secondary stock market as part of the acquisition.
Hiber’s shareholders agreed to invest €10.45 million in Astrocast’s public offering.
Astrocast plans to buy Dutch connectivity solutions provider Hiber and expects the deal to occur after 2022-05-30.
Astrocast plans to buy Hiber with newly issued shares that currently represent a 16.5% stake in Astrocast.
Hiber agreed to invest around $11,000,000 in Astrocast’s second stock market listing later 2022 to help meet near-term funding needs.
Astrocast will issue new Astrocast shares to Hiber’s shareholders representing 16.5% of Astrocast’s share capital calculated prior to Astrocast’s previously announced public offering on Euronext Growth Paris.
The FCC approved Hiber’s application to operate mobile terminals on 2021-10-05.
Hiber is partnering with Inmarsat to provide satellite connectivity for its Internet-of-Things services.
Hiber’s 2021-09-24 FCC letter referenced a separate Hiber filing seeking permission to operate 500,000 mobile terminals.
Hiber’s 2021-09-24 letter to the FCC stated that Hiber had pivoted its business operations and intends to provide IoT services through leased capacity on a third-party satellite network.
Hiber’s 2021-06-07 FCC filing stated that Hiber will use the Inmarsat satellite network using dedicated beams leased from Inmarsat.
Hiber notified the Federal Communications Commission that it was surrendering a license to operate a constellation of 24 smallsats to provide IoT services.
Hiber’s other two satellites were launched in January and March of 2020 and were not known to have serious technical issues.
Hiber announced on 2021-10-12 that it will use Inmarsat to provide the satellite connectivity for its IoT services.
An industry source indicated Hiber’s first two satellites, launched in late 2018, had been decommissioned.
Hiber launched two satellites in late 2018 as payloads on PSLV and Falcon 9 rideshare missions.
Hiber acknowledged a $1,920,000 FCC default payment covered by a surety bond and requested that the FCC waive or reduce the payment.