Global Markets - Latest Developments
Kymeta Corporation announced today that the Committee on Foreign Investment in the United States (CFIUS) has approved a US$ 30 million investment by Hanwha Systems Co., Ltd. (HSC), a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, in Kymeta.
Kymeta Corporation announced today that the Committee on Foreign Investment in the United States (CFIUS) has approved a US$ 30 million investment by Hanwha Systems Co., Ltd. (HSC), a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, in Kymeta.
Following a period of industry consultation, the IBC Partnership Board announced that IBC2021 will now take place on December 3-6 at The RAI in Amsterdam. The Board based their decision on the results of recent IBC exhibitor and visitor surveys and macro evidence of Europe opening up for business.
"We really value the feedback and candid input of our community–we have always been 'By the industry, For the industry' and this ethos continues to guide our daily decision making process," said Michael Crimp CEO of IBC.
Iridium (NASDAQ: IRDM) today announced that it has made a strategic investment in DDK Positioning (DDK), an Aberdeen, Scotland based provider of enhanced Global Navigation Satellite System (GNSS) accuracy solutions. DDK uses the Iridium® network to provide global precision positioning services that can augment GNSS constellations, including GPS and Galileo, to significantly enhance their accuracy for critical industrial applications.
The Asia Video Industry Association's (AVIA) Philippines In View seminar held on 18th May brought together more than 700 industry delegates to discuss the state of the TV and video industry in the archipelago country with over 7000 islands. Some of the industry luminaries present include Manuel V Pangilinan, Chairman, President and CEO of PLDT, Ernest Cu, President & CEO of Globe and Dennis Anthony Uy, Founder & CEO of Converge ICT Solutions.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the Third Quarter and Nine Months ended March 31, 2021. The company reported nine months operating vertical revenues down 3.5% year-on-year. Third Quarter Operating Verticals revenues were down 6.1% year-on-year, in line with expectations.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced financial results for the quarter ended March 31, 2021. All dollar amounts in this press release are expressed in U.S. dollars, unless otherwise noted.
Key points from the quarter include:
OneWeb announced today it has entered into a definitive agreement to acquire Texas-based TrustComm Inc., which will enable OneWeb to offer its Low Earth Orbit (LEO) network and connectivity services to U.S. government clients and TrustComm customers.