NanoAvionics, KSAT & Antwerp Space Raise €10 Million for Internet of Things Constellation

VILNIUS, Lithuania (NanoAvionics PR) – NanoAvionics, an international nano-satellite missions integrator, and the consortium partners KSAT (Kongsberg Satellite Services) and Antwerp Space have been awarded EUR 10 million [$11.34 million] funding by the European Commission’s Horizon 2020, ESA’s ARTES and private investors. The funding is for the first demonstration of the pre-cursor stage of the Global Internet of Things (GIoT) nano-satellite constellation with one or more IoT/M2M (machine-to-machine) service providers as pilot customers. The consortium will not enter the IoT/M2M business directly. Instead it will offer a GIoT constellation-as-a-service in a B2B setup to existing and emerging IoT/M2M operators.

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