Sofant and Inmarsat announce joint development
24/05/2023 07:00
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RNS Number : 4074A 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
(https://www.inmarsatgov.com/capability/global-xpress/global-xpress-satcom-as-a-service/)
's global service beams and Inmarsat's high-capacity, global military Ka-band
(Mil Ka) network
(https://www.inmarsatgov.com/capability/global-xpress/global-xpress-mil-ka-lease/)
'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 (mailto: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 (http://www.netscientific.net)
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