ELSE SA enters partnership with a global telecommunications company

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24.04.2017
Satellite

ELSE, a Lausanne based startup developing the Low Earth Orbit nanosatellite constellation Astrocast has partnered with the telecommunications company Thuraya. Together they will expand satellite services to customers with machine-to-machine and IoT communication enabled by the Astrocast satellite constellation.

Space startup ELSE and Thuraya, a mobile satellite service operator based in the United Arab Emirates have signed a memorandum of understanding (MoU) paving the way for a strategic alliance between the two organizations. From a commercial perspective, the agreement extends the companies’ product and service portfolios considerably besides facilitating expedited access to the market.

“This agreement forms the foundation of an extensive framework and an exciting long term collaboration towards providing a progressive platform for our partners to offer services beyond basic satellite connectivity”, says Jassem Nasser, Chief Strategy Officer of Thuraya, FUTURA, our future plan encompasses three main pillars, one of which is “New Wave” services for M2M and IoT applications. Our alliance with ELSE serves as a building block for the development of this component of FUTURA and further reaffirms our commitment in building value through partnerships”, he adds.

The ELSE team has supported more than ten European Space Agency (ESA) missions, seven nanosatellite missions and is building a network of low-earth-orbit (LEO) nanosatellites named Astrocast. These will provide cost effective IoT and machine-to-machine services to global enterprises. This mission is also supported by ESA through their ARTES program.

The first satellites are scheduled for launch by 2018, as a demonstration mission, with a plan to have a total of 64 satellites in orbit by 2021. Once fully operational, the constellation will provide remote monitoring, geolocation services, predictive maintenance and intelligent data gathering. The full scope of markets that will benefit from these capabilities will include retail, agriculture, automotive, utilities, maritime; oil and gas among others.

Fabien Jordan, co-founder and CEO of ELSE said: “As an established company, Thuraya brings experience, skill and reputable legacy to the table. ELSE shall benefit greatly from their technology and distribution reach, and we are very excited about the possibilities this alliance will create."

About ELSE
ELSE is a Swiss company based in Lausanne developing the Low Earth Orbit (LEO) nanosatellite constellation Astrocast, providing diverse global industries with a cost effective IoT and M2M communication platform. ELSE was founded in 2014 by the developers of SwissCube, one of the longest servicing nanosatellite in space.

About Thuraya
Thuraya is a global telecommunications company which owns robust satellites that cover two-thirds of the world’s geographical area serving approximately 4 billion people. The company offers innovative communications solutions to a variety of sectors including energy, broadcast media, maritime, military and humanitarian NGO. Thuraya is present in Singapore, the UAE, and the United States, and plans to further grow its markets globally, in addition to its current markets to concretize its worldwide footprint.

(Press release)

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