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SATIXFY COMMUNICATIONS LTD - SATX STOCK NEWS

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SatixFy Communications Ltd. (Symbol: SATX) is a leading developer in the next-generation satellite communications sector. The company specializes in creating comprehensive satellite communication systems, including satellite payloads, user terminals, and modems. SatixFy distinguishes itself with its development of high-performance chipsets that form the backbone of its products.

Key offerings from SatixFy include modems equipped with Software Defined Radio (SDR) technology and Fully Electronically Steered Multi-Beam Antennas. These advanced modems support the DVB-S2X communications standard, ensuring robust and efficient data transmission.

SatixFy has a significant geographical presence, operating in the U.S., Canada, the UK, and various other countries. The majority of the company's revenue is generated from its operations in the U.S. and Canada, highlighting its strong market influence in North America.

Recent achievements include the launch of new satellite communication solutions and strategic partnerships aimed at enhancing global connectivity. SatixFy is currently engaged in multiple cutting-edge projects that underscore its commitment to innovation in satellite technology.

The company's solid financial condition and ongoing projects position it as a significant player in the satellite communications industry. SatixFy continues to push the boundaries of satellite technology, offering products that meet the evolving needs of its clients and the broader market.

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SatixFy Communications has completed a $60 million transaction with MDA Ltd., a leading provider in the global space industry. MDA acquired SatixFy's digital payload division and UK subsidiary for $40 million and paid an additional $20 million in advanced payments. The transaction establishes deep cooperation between the two companies and is expected to open up SatixFy's solutions to broader markets and new customers. SatixFy will focus on being a top technology provider to satellite payload design companies.
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MDA Ltd. has completed the acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd. The acquisition strengthens MDA's digital satellite capabilities and expands its market presence in the UK. The newly acquired division will be integrated into MDA UK and will collaborate with MDA's Satellite Systems business in Montreal. This acquisition supports the UK's objective to maintain leadership in the global satellite market.
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SatixFy Communications Ltd. announces consolidated financial results for H1 2023. Total revenues increased by 71% to $5.7 million. Gross profit was $2.3 million with a gross margin of 41.0%. Operating loss was $16.6 million. Net loss was $46.5 million. Cash and cash equivalents totaled $11.5 million.
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SatixFy announces a $60 million transaction with MDA for cooperation in utilizing SatixFy's digital payload chip technology. The transaction includes a $40 million share purchase agreement and $20 million in advanced payments. SatixFy will focus on being a technology provider to satellite payload design companies. The transaction is expected to occur in Q4 2023.
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MDA Ltd. has signed an agreement to acquire SatixFy Space Systems UK Ltd. for $40 million, strengthening its position in the digital satellite communications market.
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SatixFy Communications Ltd. (NYSE AMERICAN: SATX) has formed a strategic partnership with Presto Engineering to enhance its satellite communication systems. This collaboration aims to develop high-quality, radiation-hardened ASICs for space applications. Presto Engineering will assist in testing and qualifying these ASICs, ensuring their reliability in challenging space environments. Key products include the Sx4000, a Software Defined Radio ASIC, and PRIME2, designed for advanced antenna systems. CEO Charlie Bloomfield emphasized the significance of this partnership in achieving next-generation satellite communications. The combined expertise of both companies is expected to accelerate the development and deployment of innovative technologies in the SATCOM sector.

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FAQ

What is the current stock price of SATIXFY COMMUNICATIONS (SATX)?

The current stock price of SATIXFY COMMUNICATIONS (SATX) is $1.105 as of February 28, 2025.

What is the market cap of SATIXFY COMMUNICATIONS (SATX)?

The market cap of SATIXFY COMMUNICATIONS (SATX) is approximately 92.5M.

What does SatixFy Communications Ltd. specialize in?

SatixFy specializes in developing end-to-end next-generation satellite communications systems, including satellite payloads, user terminals, and modems.

What are some of the key products of SatixFy?

Key products include modems with Software Defined Radio technology and Fully Electronically Steered Multi-Beam Antennas that support the DVB-S2X communications standard.

Where does SatixFy generate most of its revenue?

SatixFy generates most of its revenue from the U.S. and Canada.

In which countries does SatixFy have a presence?

SatixFy has a presence in the U.S., Canada, the UK, and various other countries.

What recent achievements has SatixFy made?

Recent achievements include launching new satellite communication solutions and forming strategic partnerships to enhance global connectivity.

What is unique about SatixFy’s modems?

SatixFy’s modems feature Software Defined Radio and Fully Electronically Steered Multi-Beam Antennas, which support the advanced DVB-S2X standard.

What type of technology forms the backbone of SatixFy's products?

High-performance chipsets developed in-house form the backbone of SatixFy’s products.

How does SatixFy contribute to the satellite communications industry?

SatixFy contributes through continuous innovation, developing advanced satellite communication systems and forming strategic partnerships to enhance connectivity.

What financial condition is SatixFy in?

SatixFy is in a solid financial condition, enabling it to continue its innovative projects and maintain its market influence.

What is the significance of SatixFy’s technology in the market?

SatixFy’s technology meets the evolving needs of clients, offering robust satellite communication solutions that enhance global connectivity.
SATIXFY COMMUNICATIONS LTD

NYSE:SATX

SATX Rankings

SATX Stock Data

92.46M
33.43M
54.38%
14.38%
0.14%
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