SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), today announced that it has regained compliance with the continued listing standards of the NYSE American LLC ("NYSE American"). On December 16, 2024, SatixFy received written notice from the NYSE American confirming that the Company has resolved the continued listing deficiencies previously referenced in NYSE American's letter, dated November 30, 2023 and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the "Company Guide"). NYSE confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters as required under Sectio

Expects full year 2024 revenues of between $17-$19 million SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the nine month period ended September 30, 2024 and provided recent operational and business updates. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, "We are very pleased with the strong momentum we have shown in the third quarter, which has continued into the current quarter. Our recent progress has been marked by key agreements that highlight growing traction for our

OTTAWA, Ontario and REHOVOT, Israel, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX:TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network. Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between

SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed new agreements in aggregate valued at $5 million, alongside an immediate prepayment of a previously announced $5 million associated with an amendment to an existing contract with MDA Space Ltd. ("MDA Space") (TSX:MDA), a provider of advanced technology and services to the rapidly expanding global space industry. Agreements signed further the significant collaboration between the two companies initiated in October 2023. Under an amendment to the original Master Purchase Agreement (the "MPA Amendment"), signe

Agreement signed to support MDA Space's Digital Payload systems and roadmap SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed a software development and license agreement with MDA Space Ltd. ("MDA Space") (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry. Under the agreement, SatixFy will provide the modem and beamforming software for the SatixFy chipsets to be used in digital satellite broadband Low Earth Orbit Constellation ("LEO") payloads. It will also provide SatixFy's software licenses a

SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, has released its consolidated financial results as of and for the six months ended June 30, 2024. Management Commentary Nir Barkan, Chief Executive Officer of SatixFy, commented, "We are very pleased with the progress we have made in 2024, with a solid increase in revenue and gross profit, driven by shipments of engineering samples of our space-grade Application Specific Integrated Circuits (ASICs). We are on track towards commercialization, which we expect by mid-2025. Strategically during the second quarter, we are prou

Presentation will be available online from September 9, 2024 SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced today that management will participate virtually at the H.C. Wainwright 26th Annual Global Investment Conference taking place between September 9-13, 2024. Mr. Nir Barkan, SatixFy's CEO, will be presenting to investors. The presentation will be available online from September 9, 2024, both from the conference portal website as well as SatixFy's investor relations website. In addition, Mr. Barkan and Mr. Oren Harari, SatixFy's Interim CFO, will be available for virtua

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. The Prime2 Space-Grade chip is a digital beamformer Application-Specific Integrated Circuit (ASIC), designed for massive MIMO (Multiple Input Multiple Output) antennas in space, and

Fireside chat to be streamed live on Wednesday, June 5, 2024 at 9 am ET SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that CEO Nir Barkan will participate in a fireside chat discussion at Maxim Group's Virtual Investor Conference on June 5, 2024 at 9:00 am ET. The conference is billed to explore how emerging growth companies are leveraging new technologies such as Artificial Intelligence (AI) to position themselves for the future. Maxim's analysts will facilitate dialogue with CEOs who are focused on latest technologies and how technology is expected to impact and gro

SatixFy Communications Ltd. (the "Company" or "SatixFy") (NYSE:SATX), a pioneering force in next-generation satellite communication systems driven by in-house developed chipsets, has released its consolidated financial results as of and for the three months ended March 31, 2024. Financial Highlights for the First Quarter of 2024 Total Revenues for the first quarter of 2024 were $1.9 million, a decrease of 20% compared to $2.4 million in the first quarter of 2023, with the vast majority of the revenues derived from development services and pre-production. Gross Profit for the first quarter of 2024 was $1.6 million (gross margin of 83%), a 62% increase from $1.0 million (gross margin

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SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that Mr. Nir Barkan has been appointed Acting Chief Executive Officer of SatixFy by the Company's Board of Directors effective June 1, 2023, replacing the current CEO, Mr. Ido Gur who is stepping down. Nir Barkan previously served as SatixFy's Chief Commercial Officer from 2014 until 2018. Prior to rejoining SatixFy, from 2018 to 2023, Mr. Barkan was a Co-Founder, Group CTO and the General Manager as well as a Director of Curvalux, a company operating in the field of sustainable fixed wireless broadband technology. Prior to

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Further strengthens MDA's digital satellite capability in growing LEO constellation market LONDON, Aug. 31, 2023 /PRNewswire/ - MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE:SATX), and other strategic considerations. The transaction, valued at US$40 million, will help further strengthen MDA's global leadership position in the growing market for digital satellite communications solutions.