Sky and Space secures R&D grant along with a series of new deals
Special Report: Innovative satellite communications company Sky and Space Global has been awarded a European research and development grant and signed five MoUs to continue its mission of improving global telecommunications.
The receipt of a ~$500,000 R&D grant from the Polish Government will allow Sky and Space Global (ASX:SAS) to build a research and development centre in Poland.
It will also fund the purchase of equipment to initiate a full-scale industrial research project with Wroclaw University in Poland.
Sky and Space Global (ASX:SAS) chief Meir Moalem said the grant marks a significant milestone for the company.
“Research is the lifeblood of innovation and I am very proud we are part of a team that will take space technology to the next level,” he said.
The new research project will explore innovation in machine-to-machine (M2M) devices and smart grids via the SAS nanosatellite constellation and will be established in collaboration with Wroclaw University’s Faculty of Electronics.
Sky and Space says the project aligns nicely with both the company’s business model and its desire to improve global telecommunications in areas with poor coverage. The research project will be dedicated to working with operators in remote locations in Africa and South America.
“The SAS team continue to work extremely hard to enhance our global exposure and build on our relationships as we head into the final quarter of 2018,” added Mr Moalem.
That enhanced global exposure includes five newly-signed memorandum of understanding (MoU) agreements across North and South America as well as India and Jamaica.
It’s hot off the heels of SAS’ recent expansion in the Caribbean.
Excitingly for SAS, the MoUs are only preliminary and act as precursor agreements to more definitive – and revenue-generating – agreements in the near future.
Each of the partners – Brazilian satellite comms company Briskcom, Canadian data company SkyX, New York smart city company Penteon, Jamaican telco start-up Surge Telecom and Indian tech company Unizen Technlogies – will continue to test, discuss and collaborate with Sky and Space’s nanosatellite IP.
“2019 is going to be a transformational year for Sky and Space Global, with the first Pearls set to launch and start delivering commercial services to our growing list of customers.”
The company plans to launch 200 nano satellites in total and place them in a carefully-selected orbit giving equatorial coverage of the Earth, creating a global communication network for voice, data and instant messaging.
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