{"id":826232,"date":"2025-03-17T08:03:38","date_gmt":"2025-03-17T12:03:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/"},"modified":"2025-03-17T08:03:38","modified_gmt":"2025-03-17T12:03:38","slug":"satixfy-signs-over-10-million-in-further-agreements-with-mda-space","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/","title":{"rendered":"SatixFy Signs over $10 Million in Further Agreements with MDA Space"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>SatixFy Signs over $10 Million in Further Agreements with MDA Space<\/b><\/p>\n<p class=\"bwalignc\"><b>Signed purchase order for initial provision of chips and ATP for engineering work<\/b><\/p>\n<p>REHOVOT, Israel&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>SatixFy Communications Ltd. (\u201cSatixFy\u201d or the \u201cCompany\u201d)<\/b><b>(NYSE American: SATX)<\/b>, a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) (\u201cMDA Space\u201d) of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed (\u201cATP\u201d) agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space.\n<\/p>\n<p>\nThese latest agreements build upon the previously announced $2 million ATP for engineering work, further strengthening SatixFy\u2019s already significant collaboration with MDA Space. The additional engineering work is associated with the completion of the development and commencing deliveries of SatixFy\u2019s advanced chipsets, a critical component for next-generation satellite communication networks.\n<\/p>\n<p>\nUnder the purchase order, SatixFy will provide engineering models and space-grade chips, which will be used for internal testing and assembly in MDA Space\u2019s satellites. These advanced chips and digital beamformers will enable high-performance and power-efficient communication satellite solutions for MDA Space.\n<\/p>\n<p>\n\u201cWe are very happy with this further expansion of our already strong collaboration with MDA Space,\u201d <b>said Nir Barkan, Chief Executive Officer of SatixFy<\/b>. \u201cWe believe that these new agreements further build on our strong foundation and demonstrate the growing market demand for our advanced space-grade chips and digital beamforming technology.\u201d\n<\/p>\n<p><b>Mr. Barkan added<\/b>: \u201cThese agreements solidify SatixFy\u2019s role as a key enabler of next-generation satellite communications. Our solutions are very much at the heart of next-generation advanced satellite networks, supporting both LEO and GEO constellations that will define the future of global connectivity.\u201d\n<\/p>\n<p><b>About SatixFy<\/b><\/p>\n<p>\nSatixFy develops end-to-end next-generation satellite communications systems, including satellite multi-beam digital Space antennas, Flat panel user terminals and modems, based on powerful in-house designed chipsets.\n<\/p>\n<p>\nSatixFy\u2019s products include modems that feature Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support the advanced communications standard DVB-S2X and RCS2. SatixFy\u2019s innovative ASICs improve the overall performance of satellite communications systems, reduce the weight and power requirements of terminals and payloads, and save real estate for gateway equipment. SatixFy\u2019s advanced VSATs and multi-beam fully electronically steered antenna arrays are optimized for a variety of mobile applications and services, prepared for multi-orbits LEO, MEO and GEO satellite communications systems, for aero\/in-flight connectivity systems, communications-on-the-move applications and more.\n<\/p>\n<p>\nSatixFy is headquartered in Rehovot, Israel with additional offices in the U.S., U.K. and Bulgaria. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.SatixFy.com&amp;esheet=54224638&amp;newsitemid=20250317607944&amp;lan=en-US&amp;anchor=www.SatixFy.com&amp;index=1&amp;md5=bb740ba752c29e2392064c5f3b9ea7d3\">www.SatixFy.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates\u201d and similar expressions or variations of such words are intended to identify forward-looking statements. For example, SatixFy is using forward looking statement in this press release when it discusses the advantages and benefits of SatixFy\u2019s products; the Company\u2019s belief that these new agreements with MDA Space further build on its strong foundation and demonstrate the growing market demand for its advanced space-grade chips and digital beamforming technology; its belief that latest milestone positions it for significant growth as the Company moves toward production and delivery; that these agreements solidify SatixFy\u2019s role as a key enabler of next-generation satellite communications and that Company\u2019s solutions are very much at the heart of next-generation advanced satellite networks. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company\u2019s planned level of revenues and capital expenditures; the Company\u2019s available cash and its ability to obtain additional funding; the Company\u2019s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company\u2019s ability to maintain its relationships with suppliers, distributors and other partners; the Company\u2019s ability to maintain or protect the validity of its patents and other intellectual property; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company\u2019s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 29, 2024, as amended, and other documents filed with or furnished to the SEC which are available on the SEC\u2019s website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54224638&amp;newsitemid=20250317607944&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=1ffd72bc87c45919cf22a5f97d6bf20a\">www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n<p><b>SAT-FIN<\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250317607944r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250317607944\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250317607944\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact:<br \/>\n<br \/>Kenny Green &amp; Ehud Helft, EK Global IR, <a rel=\"nofollow\" href=\"mailto:satixfy@ekgir.com\">satixfy@ekgir.com<\/a><\/p>\n<p>\nMedia Contact:<br \/>\n<br \/>Aviv Sax Nahamoni, <a rel=\"nofollow\" href=\"mailto:info@satixfy.com\">info@satixfy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Israel Middle East<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Networks Semiconductor Hardware Satellite Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250317607944\/en\/1681661\/3\/satixfy_logo_horizontal-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SatixFy Signs over $10 Million in Further Agreements with MDA Space Signed purchase order for initial provision of chips and ATP for engineering work REHOVOT, Israel&#8211;(BUSINESS WIRE)&#8211;SatixFy Communications Ltd. (\u201cSatixFy\u201d or the \u201cCompany\u201d)(NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) (\u201cMDA Space\u201d) of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed (\u201cATP\u201d) agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space. These latest agreements build upon the previously announced $2 million ATP for engineering work, further strengthening SatixFy\u2019s already &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SatixFy Signs over $10 Million in Further Agreements with MDA Space&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-826232","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SatixFy Signs over $10 Million in Further Agreements with MDA Space - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SatixFy Signs over $10 Million in Further Agreements with MDA Space - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SatixFy Signs over $10 Million in Further Agreements with MDA Space Signed purchase order for initial provision of chips and ATP for engineering work REHOVOT, Israel&#8211;(BUSINESS WIRE)&#8211;SatixFy Communications Ltd. (\u201cSatixFy\u201d or the \u201cCompany\u201d)(NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) (\u201cMDA Space\u201d) of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed (\u201cATP\u201d) agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space. These latest agreements build upon the previously announced $2 million ATP for engineering work, further strengthening SatixFy\u2019s already &hellip; Continue reading &quot;SatixFy Signs over $10 Million in Further Agreements with MDA Space&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-17T12:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250317607944r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SatixFy Signs over $10 Million in Further Agreements with MDA Space\",\"datePublished\":\"2025-03-17T12:03:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/\"},\"wordCount\":846,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250317607944r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\\\/\",\"name\":\"SatixFy Signs over $10 Million in Further Agreements with MDA Space - 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(\u201cSatixFy\u201d or the \u201cCompany\u201d)(NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, today announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) (\u201cMDA Space\u201d) of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed (\u201cATP\u201d) agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space. These latest agreements build upon the previously announced $2 million ATP for engineering work, further strengthening SatixFy\u2019s already &hellip; Continue reading \"SatixFy Signs over $10 Million in Further Agreements with MDA Space\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-17T12:03:38+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250317607944r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SatixFy Signs over $10 Million in Further Agreements with MDA Space","datePublished":"2025-03-17T12:03:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/"},"wordCount":846,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250317607944r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/satixfy-signs-over-10-million-in-further-agreements-with-mda-space\/","name":"SatixFy Signs over $10 Million in Further Agreements with MDA Space - 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