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Sky & Space Global: MOU signed with Chinese Satellite Communication Company

Sky and Space Global Ltd has a MoU with Beijing Commsat Technology Development Co., Ltd. (“Commsat”) to test and explore how the SAS network can be incorporated into the Commsat IoT offering.

Commsat is a Beijing based satellite communications company that is developing a Low Earth Orbit (LEO) constellation to provide IoT services to users and corporations mainly in the Chinese geographical region.

Under the terms of the MOU, SAS and Commsat will work collaboratively to test and explore how SAS’ advanced nano-satellite technology can be incorporated and utilised to significantly advance and enhance the current Commsat network offering. This is further validation of the elite capabilities of the SAS network. SAS will also explore with Commsat the possibility of joint provision of IoT and additional narrowband communication services in China, and cooperate to further the business of SAS in Greater China.

 

The Chinese IoT market reached US$143.4 billion in 2016 and is expected to exceed US$231.4 billion by the year 2020, and from 2013 to 2017, China’s IoT market has been growing rapidly by an annual rate of over 20%1. The collaboration will provide SAS with access to this Major and fast developing market.

 

In its "13th Five-Year" plan, the Chinese government has rolled out the country's IoT roadmap and elevated the development of narrowband-IoT infrastructure to a national strategy, under which by the end of 2020, narrowband-IoT network is expected to reach over 600 million connections and a total number of 1.5 million base stations.

Commsat will collaborate with customers with regards to IoT across many sectors, including heavy machinery, containers, logistics, intelligent hubs and wild animals tracing.

The MOU is a preliminary agreement and, while binding, is a pre-cursor to the parties negotiating a more definitive agreement.

Sky and Space Global’s CEO, Mr. Meir Moalem said: “We are happy to be working with Commsat and to bring our capabilities to Greater China. We have always believed that China will be an important source of demand for our technology and have identified Commsat, a rising star in the Chinese aerospace community, as a partner to embark on these efforts. This important collaboration will allow us to further expand and promote our business in that part of the world, while assisting Commsat to deliver M2M and IoT services in remote locations and to meet growing demand in China.”

Commsat CEO, Mr. Xie Tao said: “We welcome the opportunity to collaborate with Sky and Space Global. We have long been impressed by their ground breaking technology, the innovative business model and the speedy progress of their business plan. We at Commsat believe that we can leverage SAS’ capabilities as a pioneer in nano-satellite and communications technologies, with our own extensive connections in China and existing customer engagements for Machine-to-Machine and Internet-of-Things services.”


For further information please contact kfrench @talksatellite.com