tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Telesat invests $5M in Farcast to develop User Terminals for Lightspeed

Telesat (TSAT) announced an expanded relationship with Farcast. Under the new agreement, Farcast will deliver an enterprise-class Flat Panel Antenna User Terminal that is fully integrated with the Telesat Lightspeed modem and ready for volume production. Additionally, Telesat is making a $5M equity investment in Farcast and will take a seat on Farcast’s board of directors to support the company’s alignment with the goals of the Telesat Lightspeed program.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1