Audacy secures commercial agreements worth US$100m

Image courtesy of Audacy

Audacy, a space communications service provider with offices in San Francisco and Singapore, announced today that it has secured pre-service commercial agreements valued at over US$100 Million.

More than half of the agreements made are with companies headquartered in the US. The remaining is split between Europe and Asia-Pacific, which includes countries like China, Japan, India, Australia and Singapore. Among the regions, Audacy’s biggest growth has been in Asia-Pacific where the company increased its exposure significantly with the opening of its Singapore office last year.

The companies represented in these agreements include Nongeostationary Orbit (NGSO) Earth Observation satellites, IoT and Broadband constellations, launch vehicles, and deep space missions.

Customers include launch startups Gilmour Space Technologies (Australia/Singapore) and Equatorial Space Industries (Singapore), satellite repair startup Infinite Orbits (Singapore), as well as moon explorations startups such as India’s Team Indus and Cislunar Space Development Company.

“Audacy’s space-based network allows operators to get real-time data in space, revolutionizing the way the world uses space data and enabling new applications. Achieving US$100 Million in pre-service agreements has exceeded our original projections by a significant margin and clearly validates that Audacy’s value proposition of always-on connectivity is a much-needed solution.” said Sreesh Reddy, Head of Business Development in Audacy’s US Office.

Audacy’s ground teleports in San Francisco and Singapore will be available for commercial use in early 2019, and its relay satellites will enter commercial service in 2020.

In August, Audacy announced the formation of Audacy Alliance, a partner program consisting of a network of select companies providing Audacy-related products and services to their customers. This came a month after Audacy secured a US$$4 million venture loan from Horizon Technology Finance Corporation.

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