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SatixFy will provide the modem and beamforming software for SatixFy chipsets to be used in digital satellite broadband LEO payloads under the agreement with MDA Space.
SatixFy will provide software licenses and a development kit to support MDA Space deliveries to customers under the agreement.
SatixFy Communications Ltd. (NYSE American: SATX) is collaborating with SCOTTY Group Austria GmbH to deliver the company’s Onyx in-flight connectivity terminals.
SatixFy’s Very Small Aperture Terminals and multi-beam fully electronically steered antenna arrays are optimized for mobile applications using Low Earth Orbit, Medium Earth Orbit, and geostationary satellite systems.
MDA Space acquired the digital payload division of SatixFy Communications Ltd.
SatixFy Communications develops next-generation satellite communication systems based on in-house-developed chipsets.
SatixFy will showcase its space chips at the Satellite Show scheduled for 2024-03-19–21, 2024 in Washington, D.C.
MDA acquired the digital payload group from Satixfy in England to expand its digital satellite engineering capability.
SatixFy reported $8,900,000 in revenue for the nine months ending 2023-09-30, a 31% year-on-year increase.
NYSE American gave SatixFy until 2024-12-30 to submit a plan for meeting conditions for trading on the platform by 2025-05-30.
SatixFy reported a net loss of $28,100,000 for the nine months ending 2023-09-30, compared with a $16,800,000 net loss for the same period in 2022, mainly because of higher research and development costs.
SatixFy was listed on the NYSE American in October 2022 after merging with the SPAC Endurance Acquisition Corp.
SatixFy recorded $10,600,000 in revenue for 2022 after supply-chain issues delayed and canceled customer orders.
In August 2023 SatixFy sold a subsidiary that builds antennas and other satellite systems and subsystems to Canadian space hardware specialist MDA to focus on payload chips for the low Earth orbit constellation market.
SatixFy forecast $40,000,000 in revenue for 2022 and $86,000,000 in revenue for 2023 in a March 2022 investor presentation.
MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. in October 2023.
MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. in October 2023.
MDA closed its acquisition of SatixFy Space Systems UK Ltd on 2023-10-31.
The SatixFy Space Systems UK Ltd. team will collaborate with MDA’s Satellite Systems business in Montreal to advance MDA’s new digital satellite product offering.
MDA completed the acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd.