SatixFy Inks Landmark Order For Its Prime2 Space Grade Digital Beam Former Chips Of More Than $20M Over The Coming Five Quarters
$SATX
Radio And Television Broadcasting And Communications Equipment
Technology
SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced it has secured a significant order from an undisclosed customer. Under the terms of the order, SatixFy will be supplying Prime2 Space-Grade chips and software over the coming five quarters in exchange for payment from the customer to SatixFy of more than $20 million.
This is a follow up order to an earlier $4 million order from September 2023.