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Ovzon plans to publish its full financial report for the quarter on 2023-02-21.
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 AB increased its loan facility with P Capital Partners from $60,000,000 to $65,000,000 to finalize and launch Ovzon 3.
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 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 AB has drawn $45,000,000 from the P Capital Partners facility.
Ovzon 3 will be launched by a flight-proven Falcon 9 rocket from Cape Canaveral, Florida later in 2023.
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.
Dispersive Holdings and Ovzon reached an agreement for Dispersive to provide enhanced, secure satellite communications as part of Ovzon’s total solution.
Under the agreement, Dispersive is deploying its DispersiveCloud solution to provide Ovzon greater overall security in managing its global satellite networks.
Ovzon 3 is expected to enhance mobility, performance, and resiliency for customers during complex operations.
Ovzon's fully managed SATCOM-as-a-Service operates 24/7 and delivers reliable solutions for secure satellite communication.
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 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).
Ovzon expects the Intelsat General Communications pre-capacity commitment to be reduced by an additional 10 percent in the fourth quarter, resulting in an amount of $47,800,000.