LeoSat Enterprises, which is launching a constellation of up to 108 low-earth-orbit communications satellites, has announced that satellite operator SKY Perfect JSAT Corporation (SJC) has entered into an agreement to invest in LeoSat, the company said.
With this agreement, SJC will be the first Asian satellite operator to pursue the development of low earth orbit capabilities.
The investment in LeoSat and the agreement to jointly market this new system allows SJC to pursue new business opportunities in the data and mobility markets in sectors such as telecommunications, multinational enterprise, maritime and government services by providing previously unavailable levels of network performance combined with worldwide reach and allows the company to further study the additional applications of low earth orbit communications in pursuit of its global ambitions.
With the ever-growing demand to move large quantities of data quickly and securely around the world there is an increasing interest in the major performance advantages of communications networks in low earth orbit (LEO).
LeoSat is currently working with Thales Alenia Space to finalize the manufacturing plan, paving the way for the production and deployment of the entire constellation.
New York based GH Partners acted as lead financial advisor to LeoSat Enterprises.
LeoSat Enterprises was established to leverage the latest developments in satellite communications technologies to develop and launch a new low-earth-orbit satellite constellation which will provide the first commercially available, business grade, extremely high-speed and secure data service worldwide.
Based in Washington DC, LeoSat is currently working with Thales Alenia Space for the low-earth-orbit constellation of Ka-band communications satellites. Once operational, the constellation will provide high-speed, low-latency and highly secure communications and bandwidth for business operations in the telecom backhaul, Energy, Maritime, Government and international business markets. Launch of the constellation is expected in 2019.
SKY Perfect JSAT is a leader in satellite communications for broadcasting and communications. It is Asia´s largest satellite operator with a fleet of 18 satellites, and Japan´s only provider of both multi-channel pay TV broadcasting and satellite communications services. SKY Perfect JSAT delivers a broad range of entertainment through the SKY PerfectTV! Platform, the most extensive in Japan with a total of 3 million subscribers. In addition, SKY Perfect JSAT´s satellite communication services, which cover Japan and the rest of Asia, as well as Russia, the Middle East, Hawaii, and North America, play a vital role in supporting safety, security and convenience for society as a whole.