IPO Year: 2022
Exchange: AMEX
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.
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
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
The first terminal is expected to be installed in the second half of 2024 SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced a collaboration and the first order of its in-flight connectivity (IFC) terminals, Onyx, with SCOTTY Group Austria GmbH ("SCOTTY"), a leading manufacturer and integrator of communication solutions, including in-flight connectivity for aircraft. The Onyx is an all-inclusive, high-performance satellite communications aero terminal designed for use on small to mid-sized aircraft, delivering superior in-flight connectivity. Characterized by its compact form fa
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 for the full year period ended December 31, 2023. The Company has filed its Annual Report on Form 20-F for the year ended December 31, 2023 (the "Annual Report") with the U.S. Securities and Exchange Commission ("SEC") and can be accessed on its website at www.SatixFy.com. Financial Highlights for the Full Year 2023 Total Revenues: $10.7 million, reflecting a 1% increase compared to $10.6 million in 2022. Gross Profit: $4.8 million, a 22% decrease from $6.1 mi
SatixFy will showcase its space chips at the upcoming Satellite Show, March 19-21, 2024 in Washington D.C. SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced the advancement of its Prime 2.0 Digital Beamformer (DBF) chip (the "Prime 2.0 Chip") and the Sx4000 Digital Payload On-Board-Processing Chip (the "Sx4000 Chip") for Digital Satellite Payload, to the stage of advanced customer sampling. Both the Prime 2.0 Chip and the Sx4000 Chip are presently sampling to customers, including low earth orbit (LEO) and geostationary orbit (GEO) satellite manufacturers. The Sx4000 Chi
Including Its Aero IFC Terminal, Now Accepting Orders SatixFy Communications Ltd. ("SatixFy", or the "Company") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house developed chipsets, today announced that it will be exhibiting its latest innovations at Satellite Show 2024, which is being held at the Walter E. Washington convention center in Washington, D.C., from March 19 to 21, 2024. Visitors to the SatixFy booth (#2219) will have the opportunity to delve into the Company's comprehensive suite of solutions for satellite digital payloads, featuring advanced on-board-processing application-specific integrated circuits (ASIC), digital beamforming ASI
SatixFy Communications Ltd. ("SatixFy") (NYSE:SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will participate at the 36th Annual ROTH investment conference in Dana Point, California on Monday, March 18, 2024. The conference will feature in-person one-on-one and small group meetings, thematic industry panels and fireside chats. Past conferences have attracted thousands of participants, including institutional investors, family offices, high-net-worth investors and equity analysts. Nir Barkan, Acting CEO of SatixFy, will be attending the conference in California and will be available for one-on-one meetings with investors and analy
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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 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.
- SEC Filing
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