SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX) has signed a software development and license agreement with MDA Space Ltd. (“MDA Space”) (TSX: MDA) — under the agreement, SatixFy will provide the modem and beamforming software for the SatixFy chipsets to be used in digital satellite broadband LEO payloads and will also provide SatixFy’s software licenses and a development kit to support MDA Space deliveries to customers.
SatixFy’s software and related services are part of its broad offering of digital satellite payload products that include groundbreaking radiation-hardened chipsets with on-board processing and support for multi-beam digital antennas, as well as advanced ground terminals.
The full contract price is $9 million, comprised of $6 million for delivery of the software solution with a license to support an existing MDA Space customer and $3 million for a further license to support future customers. Furthermore, the contract allows for MDA Space to retain an option to be granted access to a part of the code related specifically to the data plane for a further $4 million.
Nir Barkan, Chief Executive Officer of SatixFy, said, “MDA Space has been a steadfast partner to SatixFy and our business with them has grown consistently. We are very pleased with this new contract, and we believe that it will position SatixFy as a market leader and technology provider of both space-grade chips and software for next-generation digital satellite payloads. Our space-grade chips are increasingly becoming a core technology underpinning the communications within many of the next-generation LEO and Geostationary (“GEO”) satellite constellations to be launched in the coming years. This new agreement demonstrates the trust that MDA Space has in our abilities to provide them with a best-of-breed suite of software and services that push the technological boundaries forward in the satellite communications industry. We look forward to further leveraging our expertise to support the satellite communication industry’s ambitious roadmap.”
About SatixFy
SatixFy develops end-to-end next-generation satellite communications systems, including satellite multi beam digital antennas, user terminals and modems, based on powerful chipsets that it develops in house. SatixFy’s products include modems that feature Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support the advanced communications standard DVB-S2X. SatixFy’s innovative ASICs improve the overall performance of satellite communications systems, reduce the weight and power requirements of terminals and payloads, and save real estate for gateway equipment. SatixFy’s advanced VSATs and multi-beam fully electronically steered antenna arrays are optimized for a variety of mobile applications and services, using LEO, MEO and GEO satellite communications systems, for aero/in-flight connectivity systems, communications-on-the-move applications and more. SatixFy is headquartered in Rehovot, Israel with additional offices in the U.S., U.K. and Bulgaria.