22nd Oct 2021 17:53
Global Invacom Group Ltd - Whitstable, Kent and Singapore-based satellite communications equipment and electronics firm - Says it has been awarded European Space Agency funding under the Advanced Research in Telecommunications Systems programme towards developing a low-cost Ka-band user terminal and a larger enterprise solution in partnership with Methera Global Communications Ltd.
Says project is designed to meet Methera's and the wider industry's needs for connectivity to non-geostationary satellite orbit constellations. The aim is to deliver terminals to market in 2024, offering service providers and operators constellations to provide affordable satellite broadband to under-connected global communities.
Chair Tony Taylor comments: "This project is a great opportunity for our business, enabling us to develop our next generation of low-cost tracking terminals for use with data over satellite on NGSO constellations. Collaborating with Methera on such an exciting project is testament to the strength of our partnership that has been in place for over two years."
Current stock price: 6.50 pence
Year-to-date change: up 8.3%
By Arvind Bhunjun; [email protected]
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