TIDMNSCI
NetScientific PLC
24 May 2023
Reach: 24 May 2023
NetScientific plc
("NetScientific" or the "Company")
Sofant Technologies and Inmarsat Government to develop Phased
Array Antenna for Aircraft
NetScientific Plc (AIM: NSCI), investment and commercialisation
group with an international portfolio of innovative life science,
sustainability and technology companies, reports that its portfolio
company, Sofant Technologies ("Sofant"), a leading innovator in
advanced antenna technologies, and Inmarsat Government
("Inmarsat"), the leading provider of secure, global,
mission-critical telecommunications to the US Government, have
today announced a joint development aimed at revolutionising the
communication capabilities of aircraft.
Together, Sofant and Inmarsat will collaborate on a
state-of-the-art phased array antenna designed to enhance
connectivity, reliability, and performance in airborne
operations.
The collaboration will combine their respective expertise to
develop an innovative solution that addresses the Government
airborne users' growing demand for efficient, low-profile
communication systems.
The new phased array antenna will leverage Sofant's core
technology to produce a compact, lightweight, and low-power
terminal, which will enable reliable, seamless high-speed global
coverage on a wider range of aircraft through Inmarsat's Global
Xpress (GX) network, the world's first and only high-throughput
commercial wideband network available worldwide. This includes
seamless switching on the GX commercial network 's global service
beams and Inmarsat's high-capacity, global military Ka-band (Mil
Ka) network 's steerable beams.
David Wither, CEO, Sofant Technologies, said:
"We are thrilled to partner with Inmarsat Government on this
development program. By leveraging our leading-edge antenna
technology, we aim to deliver a transformative solution that will
redefine communication capabilities for airborne platforms. This
collaboration aligns with our vision of revolutionizing
connectivity in the aerospace industry and beyond. We are confident
that our joint efforts will yield exceptional results."
Steve Gizinski, President, Inmarsat Government, said :
"We are dedicated to providing cutting-edge communication
solutions that empower our customers to excel in their missions.
Collaborating with Sofant Technologies allows us to push the
boundaries of innovation further, and together, we will develop a
phased array antenna that sets new industry standards. This
collaboration represents a significant step forward in meeting the
Government's growing demand for secure and reliable connectivity
worldwide."
Dr Ilian Iliev, CEO of NetScientific, added:
"We gained exposure to the Sofant investment through our
acquisition of EMV Capital and its portfolio, and since then
NetScientific has supported investments through our capital light
investment approach, combining direct and advised stakes. A key
feature of our deep tech investment model is to encourage portfolio
companies to work closely with global OEMs as a capital efficient
way of growth, and to internationalise early. Hence, we are
delighted with today's announcement, which is a significant
milestone for Sofant. The development collaboration between
Inmarsat and Sofant underscores their commitment to driving
advancements in airborne communication technology."
-Ends-
For more information, please contact:
NetScientific
Ilian Iliev, CEO Via Belvedere Communications
WH Ireland (NOMAD, Financial Adviser and Broker)
Chris Fielding / Darshan Patel / Enzo Aliaj +44 (0)20 7220 1666
Belvedere Communications
John West / Llew Angus +44 (0) 203 008 6867
Email: nsci@belvederepr.com
About NetScientific
NetScientific plc (AIM: NSCI) is an investment and
commercialisation group with an international portfolio of
innovative life science, sustainability and technology
companies.
NetScientific identifies, invests in, and builds high growth
companies in the UK and internationally. The company adds value
through the proactive management of its portfolio, progressing to
key value inflection points, and delivering investment returns
through partial or full liquidity events.
NetScientific differentiates itself by employing a capital-light
investment approach, making judicial use of its balance sheet and
syndicating investments through its wholly owned VC subsidiary, EMV
Capital. The group secures a mixture of direct equity stakes and
carried interest stakes in its portfolio of companies, creating a
lean structure that can support a large portfolio.
NetScientific is headquartered in London, United Kingdom, and is
admitted to trading on AIM, a market operated by the London Stock
Exchange.
www.netscientific.net
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