Americas Markets - Latest Developments
The results are in and today, organisers of the annual Africa Tech Festival, taking place in Cape Town 14 – 16 November, announced the top ten finalists of the AfricaIgnite Pitch Competition who will battle it out to win the opportunity to represent the African continent in the Startup World Cup on 1 December this year.
The SATELLITE 2024 Conference and Exhibition has unveiled its conference program full of cutting-edge insights, inspiring speakers, and sessions covering diverse topics that reflect trends and challenges facing the satellite industry.
Iridium Communications Inc. (Nasdaq: IRDM) (“Iridium”), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2023 and updated its full-year 2023 outlook. Net loss was $1.6 million, or $0.01 per diluted share, for the third quarter of 2023, as compared to net income of $2.1 million, or $0.02 per diluted share, for the third quarter of 2022.
Stellant Systems, Inc. (Stellant) and Comtech Telecommunications Corp. (NASDAQ: CMTL) (Comtech) today announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology (PST) product line for a total cash purchase price of $40 million, which includes a preliminary sales price of $35 million and contingent consideration up to $5 million based on the achievement of certain targets. The transaction was unanimously approved by the board of directors of both companies.
Comtech (NASDAQ: CMTL) today announced its fourth quarter fiscal 2023 financial results and provided its first quarter fiscal 2024 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.
The 74th International Astronautical Congress, organized by the IAF and hosted in the vibrant city of Baku by Azercosmos, the Space Agency of the Republic of Azerbaijan was a resounding success.
Africa has abundant economic potential and the enormous uptake of digital technology socially and in the business sector, has positioned the continent for explosive growth, but there are challenges that lie in wait. Many of these will be spotlighted at the 2023 Africa Tech Festival in Cape Town 13-16 November, along with innovative solutions all led by a line-up of headline speakers including several African government ministers.
Intersputnik will participate in the 74th International Astronautical Congress (IAC 2023), which will be held from 2 to 6 October 2023 in Baku, Republic of Azerbaijan. Intersputnik is honoured to become a silver sponsor for this important and respected event in advancing the global space industry and to present its exposition.
