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Stock impact report

SatixFy Signs $9 Million Software Development and License Agreement with MDA Space for Satellite Payloads

SatixFy Communications Ltd. (SATX) 
Company Research Source: Business Wire
Agreement signed to support MDA Space's Digital Payload systems and roadmap REHOVOT, Israel--(BUSINESS WIRE)--SatixFy Communications Ltd. (“SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that it has signed a software development and license agreement with MDA Space Ltd. (“MDA Space”) (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry.Under the agreement, SatixFy will provide the modem and beamforming software for the SatixFy chipsets to be used in digital satellite broadband Low Earth Orbit Constellation (“LEO”) payloads. It will also provide SatixFy’s software licenses and a development kit to support MDA Space deliveries to customers.SatixFy’s software and related services are part of its broad offering of digital satellite payload products that include groundbreaking radiation-hardened chipsets with on-board processing Show less Read more
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