Astrocast continues to work tirelessly towards the successful development and deployment of the most advanced and sustainable satellite IoT network. We are glad to announce some key investments and events that validate the market acceptance and the strong path forward.

In the last few months, we have announced a strategic investment made by Marine Instruments, one of the largest bidirectional satellite IoT customers in the market today. We have also made big strides forward in the development of our L-Band low-power ASIC towards mass production and we signed a new launch contract with Spaceflight ensuring the deployment on time of our satellites.

In parallel to all of this, Astrocast also secured additional investments from notable private investors with experience from the IoT and cellular industries. Among them, we have the great pleasure to count a renowned software expert in network performance management, who co-founded InfoVista (IPO Nasdaq). We are also honored to welcome a world-class hardware expert, Mr. André Jolivet, founder of Wavecom (IPO Nasdaq). His impressive expertise ranges from the development of RF ASICs, modules to complete M2M and IoT solutions.