Americas Markets - Latest Developments


by Hub Urlings, Herbie Rijndorp and Marco FrankenAmsterdam, the Netherlands, May 4, 2020

satellite-iot-small.jpgRecent developments in IoT connectivity and the coming of ubiquitous global low cost IoT connectivity are bound to cause a major technology disruption in the meteorological  world.  

The April 2020 issue of  the Satellite Executive Briefing magazine sponsored by The Spaceconnection is now available.  Featuring: The Satellite Industry in the Time of COVID-19 by Virgil Labrador A Truncated Satellite 2020 Portends of Turbulent Times for the Satellite Industry by Elisabeth Tweedie Prospects in the OTT via Satellite Market by Omkar Nikam Trends in the Satellite Industry: A User's Perspective by Krasimir Terziev Responding to the COVID-19 Pandemic  by Martin Jarrold Better Satellite World Series: When Disaster Strikes Will Connecting with LEO and MEO be a Viable Business?  by Robert Bell PLUS Products and Services MarketPlace Guide to Satellite 2020 and CABSAT 2020, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. 
Middletown, RI, May 1, 2020

KVH Industries reported Net loss from continuing operations in the first quarter of 2020 of  US$ 6.2 million, or $0.35 per share, compared to a net loss of $6.5 million, or $0.38 per share in the first quarter of 2019. •Non-GAAP net loss from continuing operations in the first quarter of 2020 was $4.3 million, or $0.25 per share, compared to $3.8 million, or $0.22 per share in the first quarter of 2019.

New York City, NY, May 1, 2020

Millions of girls are missing. They are missing from school. They are missing from jobs. They are missing from the leadership of their communities and nations.

They are missing because they live in places where just “being a girl” is hard. Twelve million of them every year become child brides and teenage mothers. One hundred thirty million of them are not in school – worldwide, girls are almost twice as likely as boys to miss out on education. Of the more than 600 million unemployed young people in the world, most are female.

London, UK, Masy 1, 2020 by Martin Jarrold

In starting to draft this column it was impossible not to be affected by the news that the official global figure for Covid-19 fatalities was approaching 250,000. The zoonotic – interspecies – jump to humans and subsequent pandemic spread of the novel coronavirus (SARS-CoV-2) has badly impacted many of the world’s most advanced and richest countries, but the epidemiology tells us that the worst of the impact, on the less-developed world, is still to come.

Long Beach, Calif., May 1, 2020

Rocket Lab has closed the transaction to acquire Sinclair Interplanetary, a leading provider of high-quality, flight-proven satellite hardware. Rocket Lab initially announced the execution of the agreement to acquire Sinclair Interplanetary on March 16, 2020 pending customary closing conditions and satisfying The Investment Canada Act review process. Terms of the approved deal were not disclosed.

Tokyo, Japan, May 1, 2020

Infostellar has raised a total of US$ 3.5 million in convertible bonds with existing investors Airbus Ventures and Sony Innovation Fund, while welcoming new investors Daiwa Energy Infrastructure, Mitsubishi UFJ Capital, and Mitsubishi UFJ Lease & Finance. As a result, the cumulative amount of funds raised now reaches USD 11.5 million.

Infostellar is continuing to raise additional funds, and this round is scheduled to be closed by June 2020.

Paris, France, April 28, 2020

Euroconsult announched that the World Satelltie Business Week (WSBW) has been rescheduled to November 9-12, 2020.  Original shceduled to be held in Paris in September, the organizers cited the "ongoing related dynamics" as a result of the global COVID-19 pandemic as one the reasons for the postponement.

McLean, Va., April 28, 2020

Iridium Communications Inc. (Nasdaq: IRDM)  today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019.

Sydney, Australia,  April 23, 2020

Speedcast International Limited  today announced that it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed on behalf of Speedcast International Limited and certain of its U.S. and international subsidiaries. Speedcast's chapter 11 case is being heard in the United States Bankruptcy Court for the Southern District of Texas.