LeoSat hits $1bn sales target

  •   
  •   
  •   
  •   

LeoSat is a proposed Low Earth Orbiting (LEO) fleet of satellites offering business users what it describes as “the fastest, most secure and widest coverage data network” available.

The service is targeted at users seeking ultra-fast communications for their data. LeoSat is planning for up to 108 LEO craft which use Laser beams for their interconnectivity, and which are about 1.5 times faster than terrestrial fibre.

LeoSat used the World Satellite Business Week event in Paris to announce that they had reached $1 billion of value in commercial agreements. “These pre-launch agreements span a wide range of fast-growing data and mobility sectors including, Enterprise, Telecoms, Government and Finance.

“We believe that LeoSat can truly fuel worldwide economic growth by offering our customers the fastest, most reliable and secure global infrastructure for data communications. These commercial agreements valued at over US$1Billion clearly demonstrate LeoSat’s progression from a new networking concept to a unique solution which not only resonates with our customers but has also attracted the firm backing of two leading satellite companies – SKY Perfect JSAT and Hispasat”, said Mark Rigolle, CEO of LeoSat Enterprises.

Big Data and Cybersecurity are driving the need for new communications infrastructure, says LeoSat. Data volumes are exploding with more data carried in the past two years than in the in the entire history of the human race. Global networks are already carrying more than 1 Zeta Byte of traffic and this is forecast to grow exponentially. This is having a lasting effect on the satellite communications industry, with the need to invest in and deploy resilient and future-proof networks to deliver connectivity and services.

Based in Washington DC, LeoSat sees its constellation launching in 2020.


  •   
  •   
  •   
  •   

You must be logged in to post a comment Login