- Significant milestone achieved by SatixFy supported by the UK
Space Agency (UKSA) and the European Space Agency (ESA) using the
OneWeb constellation, to successfully demonstrate a high-speed
low-latency 5G-enabled link with a LEO satellite
- The demonstration was enabled by SatixFy’s compact fully
electronically steered multi-beam multi-orbit antenna terminal
- The SatixFy terminal also demonstrated simultaneous multi-orbit
communications with a LEO and GEO satellite using its multi-beam
multi satellites capability
- The demonstration validates the integration of space and ground
networks using 5G links
- 5G is a potential large incremental market opportunity for
SatixFy technology in the future – Northern Sky Research estimates
$35 Billion in SatCom services revenue by 2030
SatixFy Communications Ltd. (“SatixFy”), a leader in
next-generation satellite communication systems based on in-house
developed chipsets, today announced its critical role in enabling
the first ever demonstration of a high-speed, low-latency link with
a LEO satellite constellation incorporating 5G (video available
here). SatixFy has partnered with OneWeb under the ESA Sunrise
Partnership Project, with support from the UK Space Agency, to
develop a compact electronically steered multi-beam array suitable
for mobility services over both LEO and GEO satellites
simultaneously. The terminal can also be integrated into 5G
equipment to allow end-to-end access to a LEO constellation network
via a 5G signal.
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the full release here:
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On June 28, 2022, a demonstration at the ESA/ECSAT facilities in
Harwell achieved the world’s first ever 5G backhaul communications
connected to a LEO satellite constellation, using a compact
electronic antenna powered by SatixFy to connect to a LEO satellite
constellation operated by OneWeb. The demonstration involved a
super compact satellite terminal mounted on a car. The user
terminal antenna performed several satellite and beam handovers,
along with frequency hopping over the OneWeb LEO network at 1,200
km, while maintaining a simultaneous and continuous link with a GEO
satellite at an altitude of 36,000 Km. Live 4K UHDTV video and
audio streaming took place from the GEO satellite.
The new super compact user terminal will undergo further testing
to unlock its full capabilities with LEO and GEO links for mobility
services. Once testing and certification is completed, the user
terminal will be optimized for different mobility use cases,
including IFC, with a goal of providing an effective system for
OneWeb commercial services for any moving platform on land, sea and
air.
Simona Gat, SatixFy UK CEO said, “I’m proud of this important
milestone achieved by the whole SatixFy team, who cooperated
together with our partners from OneWeb and CGI, with great support
from the UK Space Agency and ESA. This test further validates our
products addressing two of our major target markets:
electronically-steered multibeam user terminals for mobility and
the use of our terminals to address the large space-enabled 5G
market. It has been a pleasure to work with OneWeb to demonstrate
this unique capability.”
Massimiliano Ladovaz, CTO at OneWeb said, “At OneWeb, our
approach to delivering connectivity is through collaboration with
world-class industry partners who share our vision of a truly
connected world. We’re therefore delighted to partner with SatixFy
on this UK and European Space Agency funded research program. We
are working together to connect those hardest to reach with new
Space-based LEO connectivity. The ground-breaking SatixFy
electronically steered array antenna technology will, once in
commercial production, enable mobility customers such as airlines,
train operators, and coach companies to leverage the power not only
of the OneWeb LEO network, but also terrestrial 5G and legacy GEO
satellite networks. A hybrid, multi-beam, multi constellation
solution that ensures that passengers remain connected no matter
where they are – be it mid-air, mid-ocean or in the most remote
corners of the world.”
Elodie Viau, ESA Telecom Director said, “This test is the first
of its kind, and is a real team collaboration by ESA, OneWeb, and
SatixFy UK. It connected the ESA 5G/6G Hub at the ESA/ECSAT Harwell
site through OneWeb satellites, using the super flat and advanced
antenna made by SatixFy UK for mobility services. Through the
Sunrise Partnership Project we aim to show that 5G high quality and
speed connectivity is now a reality, to the benefit of everybody,
everyday and everywhere.”
Dr. Paul Brate, Chief Executive of the UK Space Agency, said
“This is a world first which demonstrates the vital role that space
can play in improving connectivity. SatixFy’s antenna technology,
developed with UK Space Agency support, is advancing satellite
communications, enabling new markets in collaboration with
companies like OneWeb. The results of this trial will help
transform how satellite and terrestrial networks interact,
accelerating the development of technologies such as connected
vehicles and autonomous cars. It is a great example of why we’re
supporting ESA’s state-of-the-art 5G/6G hub in Harwell, which will
create new commercial opportunities and catalyze investment into
the UK’s thriving space sector.”
On March 8, 2022, SatixFy announced that it had entered into a
definitive business combination agreement with Endurance
Acquisition Corp. (NASDAQ: EDNC), a publicly-traded special purpose
acquisition company (SPAC) formed by an affiliate of Antarctica
Capital, an international private equity firm. Upon closing of the
transaction, SatixFy’s shares are expected to trade on the Nasdaq
stock exchange under the ticker symbol “SATX.”
About SatixFy
SatixFy develops end-to-end next-generation satellite
communications systems, including satellite payloads, 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 and RFICs
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, satellite-enabled
Internet-of-Things, machine-to-machine devices, and consumer user
terminals.
Founded in 2012, SatixFy is headquartered in Rehovot, Israel
with additional offices in the US, UK and Bulgaria. For more
information, please refer to www.SatixFy.com.
About Endurance Acquisition Corp.
Endurance Acquisition Corp. (“Endurance”) is a special purpose
acquisition company formed by an affiliate of Antarctica Capital,
an international private equity firm, for the purpose of effecting
a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. Endurance was founded on April 23, 2021 and is
headquartered in New York, NY.
Important Information About the Proposed Transaction and
Where to Find It
The proposed business combination will be submitted to
shareholders of Endurance for their consideration. SatixFy intends
to file a registration statement on Form F-4 (the “Registration
Statement”) with the SEC which will include preliminary and
definitive proxy statements to be distributed to Endurance’s
shareholders in connection with Endurance’s solicitation for
proxies for the vote by Endurance’s shareholders in connection with
the proposed business combination and other matters as described in
the Registration Statement, as well as the prospectus relating to
the offer of the securities to be issued to SatixFy’s and
Endurance’s shareholders in connection with the completion of the
proposed business combination. After the Registration Statement has
been filed and declared effective, Endurance will mail a definitive
proxy statement and other relevant documents to its shareholders as
of the record date established for voting on the proposed business
combination. Endurance’s shareholders and other interested persons
are advised to read, once available, the preliminary proxy
statement / prospectus and any amendments thereto and, once
available, the definitive proxy statement / prospectus, in
connection with Endurance’s solicitation of proxies for its
extraordinary general meeting of shareholders to be held to
approve, among other things, the proposed business combination,
because these documents will contain important information about
Endurance, SatixFy and the proposed business combination.
Shareholders may also obtain a copy of the preliminary or
definitive proxy statement, once available, as well as other
documents filed with the SEC regarding the proposed business
combination and other documents filed with the SEC by Endurance,
without charge, at the SEC's website located at www.sec.gov or by
directing a request to Endurance Acquisition Corp., 630 Fifth
Avenue, 20th Floor, New York, NY 10111.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE PROPOSED TRANSACTION PURSUANT TO WHICH ANY SECURITIES ARE TO
BE OFFERED OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED
HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of SatixFy’s and Endurance’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of SatixFy and
Endurance. These forward-looking statements are subject to a number
of risks and uncertainties, including the risk that SatixFy and its
current and future collaborators are unable to successfully develop
and commercialize SatixFy’s products or technologies, including the
compact electronically steered multi-beam array designed for
mobility services, or experience significant delays in doing so;
the ability for SatixFy or its collaborators to obtain the
necessary approvals and certifications for SatixFy’s products and
technologies; the ability for SatixFy or its collaborators to
achieve milestones under the ESA Sunrise Partnership Project;
potential design flaws or performance issues in SatixFy’s products
and technologies that may not be discovered or discoverable during
product trials and demonstrations; the occurrence of any event,
change or other circumstances that could give rise to the
termination of the proposed business combination; the outcome of
any legal proceedings that may be instituted against SatixFy or
Endurance, the combined company or others following the
announcement of the proposed business combination; the inability to
complete the proposed business combination due to the failure to
obtain approval of the shareholders of SatixFy or Endurance or to
satisfy other conditions to closing; changes to the proposed
structure of the proposed business combination that may be required
or appropriate as a result of applicable laws or regulations or as
a condition to obtaining regulatory approval of the proposed
business combination; the ability to meet stock exchange listing
standards following the consummation of the proposed business
combination; the risk that the proposed business combination
disrupts current plans and operations of SatixFy as a result of the
announcement and consummation of the proposed business combination;
the ability to recognize the anticipated benefits of the proposed
business combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and retain
its management and key employees and the execution of the CEO
transition plan; costs related to the proposed business
combination; changes in applicable laws or regulations; SatixFy’s
estimates of expenses and profitability and underlying assumptions
with respect to shareholder redemptions and purchase price and
other adjustments; any downturn or volatility in economic
conditions; the effects of COVID-19 or other epidemics; changes in
the competitive environment affecting SatixFy or its customers,
including SatixFy’s inability to introduce new products or
technologies; the impact of pricing pressure and erosion; supply
chain risks; risks to SatixFy’s ability to protect its intellectual
property and avoid infringement by others, or claims of
infringement against SatixFy; the possibility that SatixFy or
Endurance may be adversely affected by other economic, business
and/or competitive factors; SatixFy's estimates of its financial
performance; risks related to the fact that SatixFy is incorporated
in Israel and governed by Israeli law; and those factors discussed
in Endurance’s final prospectus dated September 14, 2021 and Annual
Report on Form 10-K for the fiscal year ended December 31, 2021, in
each case, under the heading “Risk Factors,” and other documents of
Endurance filed, or to be filed, with the SEC. If any of these
risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither SatixFy nor Endurance presently know or that SatixFy and
Endurance currently believe are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect SatixFy’s and Endurance’s expectations, plans or forecasts
of future events and views as of the date of this press release.
SatixFy and Endurance anticipate that subsequent events and
developments will cause SatixFy’s and Endurance’s assessments to
change. However, while SatixFy and Endurance may elect to update
these forward-looking statements at some point in the future,
SatixFy and Endurance specifically disclaim any obligation to do
so. These forward-looking statements should not be relied upon as
representing SatixFy’s and Endurance’s assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
No Offer or Solicitation
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Participants in Solicitation
Endurance, SatixFy and certain of their respective directors,
executive officers and other members of management and employees
may, under SEC rules, be deemed to be participants in the
solicitations of proxies from Endurance’s shareholders in
connection with the proposed business combination. Information
regarding the persons who may, under SEC rules, be deemed
participants in the solicitation of Endurance’s shareholders in
connection with the proposed business combination will be set forth
in Endurance’s proxy statement / prospectus when it is filed with
the SEC. You can find more information about Endurance’s directors
and executive officers in Endurance’s final prospectus dated
September 14, 2021 and Annual Report on Form 10-K for the fiscal
year ended December 31, 2021. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests will be included in the proxy
statement / prospectus when it becomes available. Shareholders,
potential investors and other interested persons should read the
proxy statement / prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from the sources indicated
above.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220705005768/en/
Investor Contact: Kevin Hunt, ICR, SatixFyIR@icrinc.com Media
Contacts: Helena Itzhak, Satixfy, Helena.itzhak@satixfy.com Brian
Ruby, ICR, SatixFyPR@icrinc.com
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