Amos 17 (PR photo)
The impressive recovery campaign of communications space continues and the company, which recently signed a number of interesting deals, is entering the field of marine satellite communications. The company has signed an agreement for the provision of marine communications services via the Amos 17 advanced satellite with a total financial volume of $ 4.6 million.
Space says today that this is the first transaction, of strategic significance for the company, to provide communications services in the satellite communications market segment in motion. The service, as stated, will be provided via the Amos-17 advanced satellite and in the Ka frequency range, for approximately 2.2 years for a global and significant customer in the field. The company’s expected revenue from the transaction is approximately $ 4.6 million.
More in-
Space Communications has been working for some time to improve its capabilities to provide communications solutions to the maritime market that constitutes a significant share of the satellite communications market. Recently, the company has made a number of moves that include moving the Ku beam of the Amos-17 digital satellite in a way that will enable the provision of communications services in the Indian Ocean, Seychelles and Maldives islands.
The decision to expand the range of services that Space Communications provides to customers in the field of marine communications is another step in implementing the company’s growth strategy and increasing the range of solutions for unique market segments.
Space-Communications, traded on the Tel Aviv Stock Exchange and provides satellite communication services using the Amos-3 and Amos-7 satellites located at 4 ° W, Amos-4 located at 65 ° E, and the advanced Amos-17 digital satellite, which was successfully launched in – 2019 and located at 17 ° E.
Recall that space was facing a significant crisis in 2017 when the Amos 5 satellite was lost in space and the satellite we were supposed to replace, the Amos 6 exploded during the launch. At the same time, the company suffered from the entanglement of its controlling owner, Shaul Alovich, and from the fact that the satellite TV company, which was a strategic customer for it, decided to switch to broadcasting over the Internet and not through the company’s satellites.
In recent years, space is recovering and starting to take advantage of the vast knowledge it has gained and entering new areas and regions that have an advantage over competitors such as transferring communications services in hard-to-reach places by landline such as remote areas in Africa and today to marine satellite communications.
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