28 Nov 2022 07:00 CET

Issuer

Astrocast SA

Milestone of new satellites improves capacity, reliability and resilience of
SatIoT network for clients

Lausanne, Switzerland & Sriharikota, India, November 28, 2022 – Astrocast, a
leading global nanosatellite IoT network operator, launched four Astrocast 3U
spacecraft on Saturday, 26th November into space. This launch is a significant
milestone for Astrocast’s nanosatellite IoT network; and enables the company to
increase its commercial constellation to 14 satellites – making Astrocast one of
the top 40 satellite operators in the world, based on the number of satellites
currently in orbit.

These new satellites improve the capacity and reliability of Astrocast’s
network, and will play a key part in providing direct-to-satellite and highly
secured connectivity to customers across the globe. This recent launch mission
took place at Sriharikota, India's Satish Dhawan Space Center. India's Polar
Satellite Launch Vehicle (PSLV-C54) mission - with Spaceflight - carried
Astrocast’s spacecraft as a co-passenger to sun-synchronous orbit (SSO) into
space, along with the Indian national primary satellite.

For context, Astrocast’s network went live in January 2021 with an initial
launch of five nanosatellites. These were originally commissioned to serve
commercial customers. In June 2021, another five satellites were deployed on
the SXRS-5 Spaceflight mission, onboard the SpaceX Falcon 9 rocket.

Fabien Jordan, CEO and Co-Founder, Astrocast, says, “This is a major achievement
for our team, and our clients will only continue to benefit from the growth and
innovation taking place across our nanosatellite IoT network. We are diligently
growing our reliable network, improving the overall performance of our global
IoT services. We feel good about the progress to date and are on track to meet
our goals. This is a true credit to our team of engineers and IoT experts, and
our partnership with Spaceflight.”

Astrocast recently launched its satellite IoT Service in February 2022 to the
market. It offers Systems Integrators and end users access to a cost-effective,
bidirectional Satellite IoT service; and enables organisations to deal with
global IoT connectivity challenges in remote locations of the world. For
example, use cases include tracking shipping containers across the globe in
order to monitor supply chains; or enabling farmers to command silos to release
food, open gates or manage irrigation systems, without any need for expensive
and often hard-to-source human interaction. Utility companies can remotely
control water management systems in line with flood prevention strategies.

- ENDS -

About Astrocast
Astrocast SA operates a leading global nanosatellite IoT network, offering
services in industries such as Agriculture & Livestock, Maritime, Environment &
Utilities to name a few. The Astrocast network enables companies to monitor,
track, and communicate with remote assets from anywhere in the world. It relies
on superior L-band spectrum through a strategic alliance with Thuraya. In
partnership with Airbus, CEA/LETI and ESA, Astrocast developed Astronode S, an
ultra-low power and miniaturised module compatible with inexpensive L-band patch
antennas. Founded in 2014 by a renowned team of experts, Astrocast develops and
tests all its products in-house, from the satellites to the modules. Astrocast
is listed on Euronext Growth Oslo and recently announced the acquisition of
Hiber. For more information visit www.astrocast.com 

Media Contact Astrocast
Fatima Vigil – Head of Marketing


576782_26112022_Astrocast launches four spacecraft.pdf

Source

Astrocast SA

Provider

Oslo Børs Newspoint

Company Name

ASTROCAST SA

ISIN

CH1122548808

Symbol

ASTRO

Market

Euronext Growth