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Isotropic Systems raised over $37,000,000 in an equity financing round that fully funds the development of its multi-link antennas through to product launch in 2022.
SES participated in Isotropic Systems’ latest funding round and expects to start deploying its next-generation O3b mPower satellites toward the end of 2021 in medium Earth orbit.
Isotropic Systems was awarded an 18,500,000 EUR ($22,500,000) contract from the UK Space Agency earlier 2021 to help commercialize its terminals.
Isotropic Systems raised more than $37,000,000 on 2021-09-27 to fully fund its flat-panel antennas through to product launch in 2022.
Isotropic Systems plans a commercial launch of its first product line in 2022.
Isotropic Systems expanded its workforce by 40% over the five months preceding 2021-09-27 to gear up for incoming satellites in low, medium, and geostationary orbits.
Isotropic Systems expanded its workforce by 40% over the five months preceding the announcement.
Isotropic Systems and SES completed the first-ever simultaneous multi-orbit antenna field tests on 2 November 2021.
Isotropic Systems has fully secured funding of over $40,000,000 to develop its multi-beam antennas.
Isotropic Systems plans to accelerate its production phase to support new constellations and satellites launching in all satellite orbits from 2022 onwards.
Isotropic Systems expects its phase one terminal to be developed and rolled out in early 2022.
Isotropic Systems received UK grant funding support awarded by the UK Space Agency.
The UK Government provided equity participation through the Government’s Future Fund as part of Isotropic Systems’ financing.
Isotropic Systems will open a 20,000-square-foot technology and testing facility near its headquarters in Reading, UK.
Isotropic Systems will create an additional 150 highly skilled engineering roles in the UK over the next two years.
Isotropic Systems is based in Reading, UK for the 18 January 2021 announcement.
Isotropic Systems planned to double in size in 2021 by adding a group of engineers and specialists.
Jeremy Turpin is the CTO and Co-Founder of Isotropic Systems.
Phase two trials will test Isotropic Systems’ latest antenna prototype over links with SES satellites in GEO and MEO to demonstrate seamless satellite-to-satellite transitions and increased redundancy and resilience for wartime communications.
Isotropic Systems’ production launch in 2022 is intended to support SES’ O3b mPOWER high-throughput MEO constellation coming online.