Highlights
- Sky and Space Global and Sat -Space Africa have signed a binding commercial contract for provision of narrow -band services, following the initial binding Letter of Intent from 2016
- Sat-Space Africa is the Company’s first contracted wholesale customer for services from the 3 Diamonds and the Equatorial Constellation once deployed from 2018
- This binding contract defines the full commercial terms for purchasing services from Sky and Space Global, along with Sat-Space Africa’s role with other customers
- Once the full Sky and Space Global Equatorial Constellation is deployed, potential revenues from customers via Sat- Space Africa will be between US$10 million to US$35 million annually
- This binding commercial contract provides further confidence in Sky and Space Global’s nano-satellite constellation and technical capability