Global satellite giant Intelsat used the Satellite 2017 show to announce it had taken an equity stake in specialist antenna manufacturer Kymeta. Intelsat’s CEO Steven Spengler will take a seat on Kymeta’s board.
Terms and the amount of the stake were not revealed. However, Intelsat has been working closely with Kymeta for a number of years, and in particular on the design of flat panel antennas, and their use for Intelsat’s High Throughput Satellites.
Spengler commented: “Intelsat is developing and supporting the innovative new technologies that will unlock new applications for our sector. The demand for fast, reliable broadband connectivity requires innovation in-orbit and across the entire satellite ecosystem to unlock new growth opportunities. Our partnership with Kymeta provides a real game changer and a high performance, cost-effective alternative for the industry. As noted by our increased equity stake, we value our partnership with Kymeta and look forward to capturing exciting opportunities in fast growing new vertical markets together.”
“We are excited to have Intelsat as an investor in Kymeta,” said Dr. Nathan Kundtz, Founder, President and CEO, Kymeta. “This investment further solidifies the KĀLO bundled services offering by providing a global high-throughput network for our easy to purchase services packages. In tandem with our commercial product release of Kymeta mTennau7 and KyWay terminals, the relationship with Intelsat is core to our strategy for growth. The investment aligns with our mutual interest in simplifying satellite access.”