Sky and Space Global Ltd (ASX: SAS, “Sky and Space Global” or the “Company”) today announces a world first for the aerospace, satellite and telecommunications industries, as the first ever voice call has been successfully conducted using its 3 Diamonds nano-satellite technology, a standard smartphone and SAS proprietary hardware and application.
Sky and Space Global - Company Profile
Why invest in Sky and Space Global?
1. SAS is a successful business and has a proven track record of attracting investment.
Sky and Space Global has a unique business model that is attractive to investors. During the past 18 months we completed successful and oversubscribed capital raisings in excess of AU$20M that have been used to accelerate our business plan, the launch and the “world firsts” completed with the operation of the 3 Diamonds. Our fully funded Equatorial Constellation CAPEX, OPEX and corporate cost is only at the order of AU$150M to generate multi billion $ in revenues, and we are currently focusing our resources to insure SAS has the required funding to develop our business.
It’s important to highlight that once approximately half the Equatorial Constellation of 100 nanosatellites are launched and operational in the Equatorial network, the Company expects them to be generating well in excess of US$300m in gross revenue at high gross profit margins, which could be used to fund the balance of the nanosatellites for the full Equatorial network.
2. SAS has demonstrated that its technology works, and industry world firsts.
Sky and Space Global recently announced that they performed a world first for the aerospace, satellite and telecommunications industries, as the first ever voice call, text messaging and data transfer facilitated by our 3 Diamonds nano-satellite technology was successfully conducted. Demonstrating that our nanosatellites are capable of facilitating services such as sending a text message and conducting a voice call at a very low cost is an important step forward on our route to providing affordable communication services to Anyone, Anywhere, Anytime.
In October 2017 Sky and Space Global launched the satellite connectivity app ‘Chatellite’ and performed the first successful financial transaction using nanosatellites in conjunction with the messaging app BeepTool. This technology creates huge potential for improving commerce in rural areas by using secure pier-to-pier banking.
In addition the SAS “Chatellite” app was successfully integrated with the Humanity $1 smartphone provided by Social Finance Systems, a London-based fintech company which is providing a range of tokens and financial services based on Blockchain and cryptocurrency.
The new Humanity $1 Smartphone is developed to enable digital financial inclusion of the three billion people living on less than $8 per day throughout the developing world while allowing businesses and governments to directly engage with their $5 trillion Base of Pyramid economy.
3. SAS has a proven commercial model and is starting to generate revenue.
Following the successful launch of the 3 Diamonds satellites Sky and Space Global signed its first binding commercial contract with its first wholesale operator, Sat-Space Africa, an IP connectivity company. Once the full constellation is deployed, revenues from customers via Sat-Space Africa will be between US$10M to US$35M annually.
An agreement was also recently signed with Globalsat Group, which provides mobile satellite services in South and Latin America. The 3 Diamonds launch is expected to have a big impact on the company commercially, generating profit and helping to secure new commercial agreements.
The quantum bandwidth generated by the full Equatorial Constellation has the potential to generate gross revenues of approximately US$1BN per annum, without factoring revenue streams such as IOT (internet of things) services.
4. SAS is continuously expanding its capabilities by fostering strategic partnerships.
In October this year Sky and Space Global expand its partnership with satellite manufacturer GomSpace to increase the capabilities of the Company’s nanosatellites.
Additionally SAS announced a strategic partnership with the global cyber security firm Check Point Software Technologies for the integration of its top-tier cybersecurity solutions into the Sky and Space Global satellite communications network. This was followed by a partnership with the software company SCISYS to build a network management simulator for the SAS ‘Pearls’ Constellation of nanosatellites.
These partnerships will further boost Sky and Space Global’s technological capabilities and help build a satellite communications network infrastructure which is unique in the industry.
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