News Operators Satellite

LeoSat accelerates to $2bn in commercial agreements

LeoSat’s constellation will provide seamless satellite-based VPN with ultra-low latency anywhere in the world to support growing data and mobility markets.

LeoSat Enterprises has signed more than $2bn in commercial agreements ahead of launching the world’s fastest, most secure and widest coverage data network delivered over a constellation of low-Earth-orbit satellites.

These pre-launch agreements signal strong demand for LeoSat’s business backbone in space across a wide range of fast-growing data and mobility sectors including, enterprise, telecoms, government, maritime, healthcare and finance.

With data volumes exploding, the increasing demand to move large quantities of data quickly and securely around the world is fast outpacing the infrastructure needed to carry it.

LeoSat has developed a space-based MPLS network providing Gigabits of secure connectivity with lower latencies than fibre, opening up new possibilities for companies looking for scalable, flexible solutions for their expanding networks.

Commenting on the pre-launch agreements, Mark Rigolle, CEO of LeoSat Enterprises, said: “Whilst the list of companies launching “build it and they will come” mega satellite constellations continue to grow, we believe that our commercial agreements valued at over $2bn clearly demonstrate LeoSat’s unique solution is more than a vision. LeoSat is solving an essential business need that not only resonates with our customers but has also attracted the firm backing of two leading satellite companies – SKY Perfect JSAT and Hispasat”.

Our most recent customer agreements include X2nSat, which has selected LeoSat’s laser-enabled data network to support the ever-expanding needs of the healthcare industry, and FMC GlobalSat, which provides seamless onshore and offshore network access that will enable enormous productivity and efficiency improvements over legacy satellite infrastructures.

“LeoSat has quickly changed the perception that satellite is the last resort for data communications by pairing the speed of fibre with the ubiquity of satellite and a whole new level of ultra-security.  We are enabling a paradigm shift by expanding the existing satellite services market, opening- up new markets for space-based data networking for enterprise, telecoms and government communications across the globe.  From healthcare, maritime, energy, banking and remote connectivity, we are continually being engaged by new sectors, and the current momentum in our pre-launch sales clearly demonstrates that LeoSat is the solution of choice for business connectivity.  Clearly, LeoSat has struck a chord with a data network built for business, as it took just over 2 years for us to hit $1bn in customer commitments and under 12 months to double that figure at $2bn,” he added.