.@OvzonAB's rights issue closed, providing a gross SEK 750M ($82) in proceeds, to be matched with company cash flows to purchase 500kg GEO-orbit mobile broadband satellite from @MaxarTech. New shares to trade on Nasdaq First North around 1 Feb.
https://twitter.com/pbdes/status/1088804378453127168Quote.@OvzonAB's rights issue closed, providing a gross SEK 750M ($82) in proceeds, to be matched with company cash flows to purchase 500kg GEO-orbit mobile broadband satellite from @MaxarTech. New shares to trade on Nasdaq First North around 1 Feb.
Quote from: gongora on 01/25/2019 01:42 pmhttps://twitter.com/pbdes/status/1088804378453127168Quote.@OvzonAB's rights issue closed, providing a gross SEK 750M ($82) in proceeds, to be matched with company cash flows to purchase 500kg GEO-orbit mobile broadband satellite from @MaxarTech. New shares to trade on Nasdaq First North around 1 Feb.A Falcon Heavy to launch a tiny 500kg Sat? Something is missing...
It will be some sort of rideshare.
April 10, 2019Ovzon and Intelsat today entered into a multi-year $56 million agreement aimed at facilitating the development of Ovzon 3, which is expected to be launched in 2021. Ovzon has developed an end-to-end satellite broadband service. With the addition of the Ovzon 3, it will enable Intelsat, as the anchor customer, to deliver an unrivaled, global high-throughput service on ultra-small terminals.As provided by the agreement with Ovzon, Intelsat will offer a unique combination of high-speed connectivity with ultra-small terminals as a managed service to U.S. government and other customers. This unrivaled service fulfills a long-standing need for communications on-the-pause, enabling tactical users to collect and share high volumes of critical data gathered in austere and unconnected areas in near real time.By combining Ovzon’s unique service with Intelsat EpicNG, the company’s global, high-throughput platform, the companies will offer dynamic, global coverage and enable speeds on laptop-sized terminals to reach up to 96Mbps. The advanced on-board processor developed by Ovzon will also enable new functionality such as single-hop communications between the ultra-small terminals and will be a powerful tool to meet challenging communications requirements.
July 12, 2019WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR) today announced that it has begun production on a Legion-class geostationary satellite for Ovzon, a company located in the United States and Sweden dedicated to meeting the demand for increased mobile broadband connectivity in underserved regions.Ovzon selected Maxar in December 2018 to build its first satellite, Ovzon 3, which will provide extremely versatile mobile broadband communications for small vehicles, aircraft and users on-the-move. Now that Ovzon has secured financing to build the satellite, Maxar will begin building it in its Palo Alto, California manufacturing facility. The satellite will be based on the mid-size Legion-class platform, formerly called the SSL-500, and is expected to be launched by SpaceX in 2021.“Maxar’s Legion-class platform offers the benefits of the company’s proven technology and performance from the 1300-class satellite bus with a lower cost and smaller form factor,” said Megan Fitzgerald, Maxar’s Senior Vice President and General Manager, Space Solutions. “We’re delighted to collaborate closely with Ovzon on the development of the first satellite in their architecture, which will deliver better communications from space for a better world here on Earth.”“We chose Maxar to build Ovzon 3 because they have a strong reputation of delivering world-class, reliable products backed by industry leading customer service and manufacturing agility. Ovzon 3 is an important first step towards fulfilling our strategy to further revolutionize mobile broadband by satellite, offering the highest bandwidth with the smallest terminals,” said Magnus René, Chief Executive Officer of Ovzon.
https://twitter.com/pbdes/status/1165007573600202752QuoteStartup telecom satellite operator @OvzonAB moves launch of its 500-kg @Maxar GEO satellite, to @Arianespace @ArianeGroup Ariane 5 from @SpaceX Falcon Heavy; writes down advance payments to @northropgrumman for earlier satellite design.https://www.ovzon.com/en/interim-report-january-june-2019/QuoteCEO statementImportant customer agreements and financing of Ovzon 3During the second quarter, we continued to develop the company according to plan. The last bit of funding for Ovzon 3 is in place and Maxar, our satellite provider, has started the project to build the satellite. As for the launch of the satellite, we have recently contracted Arianespace to launch our satellite in 2021 and we have thus left the preliminary agreements we had.
Startup telecom satellite operator @OvzonAB moves launch of its 500-kg @Maxar GEO satellite, to @Arianespace @ArianeGroup Ariane 5 from @SpaceX Falcon Heavy; writes down advance payments to @northropgrumman for earlier satellite design.
CEO statementImportant customer agreements and financing of Ovzon 3During the second quarter, we continued to develop the company according to plan. The last bit of funding for Ovzon 3 is in place and Maxar, our satellite provider, has started the project to build the satellite. As for the launch of the satellite, we have recently contracted Arianespace to launch our satellite in 2021 and we have thus left the preliminary agreements we had.
I thought Ariane 5 could not do direct GEO insertions due to lack of restart capability. Or is this satellite going to do its own GEO insertion now?
Quote from: envy887 on 08/23/2019 10:52 pmI thought Ariane 5 could not do direct GEO insertions due to lack of restart capability. Or is this satellite going to do its own GEO insertion now?AIUI, Ariane 6 will be able to do it.
I think it might be related to this: http://www.arianespace.com/press-release/arianespaces-go-1-mission-will-provide-small-satellites-with-a-direct-flight-to-geostationary-orbit/But that is going to be on an Ariane 6.
Can't be an Ariane 5 for sure tho. That's impossible for sure. It would also make no sense for it to be a dedicated Ariane 62 launch. It still has to be a rideshare as a dedicated recoverable Falcon 9 could have done that mission as well.
In an interview Aug. 24, Ovzon CEO Magnus René told SpaceNews the company received a more appealing launch offer from Arianespace. ...René, in the interview, said Ovzon’s agreement with SpaceX was tentative, because Ovzon had not secured financing for its first telecommunications satellite, Ovzon-3. Ovzon used its financing to cement a manufacturing agreement with Maxar Technologies in July to build Ovzon-3 using a Legion-class satellite platform (formerly called the SSL-500), and to finalize its launch arrangements. René said Ovzon-3 will have a mass of 1,500 kilograms. René said Ovzon-3’s Ariane 5 launch is planned for the second half of 2021, and didn’t experience a change in schedule through the switch in vehicles.
This interview hasn't aged well...