Americas Markets - Latest Developments
Septentrio Satellite Navigation announces the completion of the acquisition and integration of Altus Positioning Systems. The integrated company will continue to focus on developing emerging markets across the globe and increase advancements in the field of Geographic Information Systems (GIS).
During International Datacasting Corporation's (TSX:IDC) annual general and special meeting of shareholders held on June 12, 2015, its shareholders rjected a proposed sale of the company's broadcast assets to Pico Digital.
The meeting was well attended, with approximately 54% of shareholders in attendance or represented by proxy.
Boeing [NYSE: BA] is on contract to build ABS-8, the third all-electric propulsion 702SP (small platform) satellite for ABS, a commercial satellite provider based in Bermuda and Hong Kong. This satellite will expand broadcast and enterprise services to Australia, New Zealand, the Middle East, Russia, South Asia and Southeast Asia.
RR Media (NASDAQ: RRM), a provider of global digital media services to the broadcast industry, has announced the acquisition of Satlink Communications, an Israel-based global provider of content distribution, management and playout services for US$ 19 million subject to bank debts and other certain adjustments.
Comtech Telecommunications Corp. (NASDAQ:CMTL) today reported its operating results for the three and nine months ended April 30, 2015.Net sales for the three months ended April 30, 2015 were US$ 71.6 million compared to US$ 88.9 million for the three months ended April 30, 2014.
Global Invacom Group Limited signified its intention to acquire Skyware Global, a U.S. manufacturer of satellite terminals, for as much as US$ 11.6 million by issuing approximately US$ .6 million in treasury shares and entering into a cash earn out model to pay Skyware up to a maximum of US$5.0 million.
ND SatCom today announced the official launch of the SKYWAN 5G at the CommunicAsia in Singapore on June 2nd.ND SatCom’s SKYWAN 5G will transform the way communication networks are created and behave by converging VSAT & comprehensive IT capabilities into ONE single hardware device.
International Datacasting Corporation ("IDC") (TSX:IDC), a broadcast technology provider, today announced selected preliminary unaudited financial results for the first quarter of Fiscal 2016. Total revenue was approximately CDN$ 3 million, including approximatelyCDN$ 2.6 million in Products revenue.
The space business is changing. While US military and government face shrinking budgets, collaborating with the burgeoning commercial space sector can help provide the expertise and technology required to continue delivering missions safely and cost effectively. Meanwhile, small satellites plus affordable launchers promise nothing less than the democratization of space.
KVH Industries, Inc., (Nasdaq: KVHI) reported financial results for the first quarter ended March 31, 2015 today. KVH revenues were US$ 41.3 million for the first quarter, up 12% from a year ago Net loss was US$ 1.4 million, net loss per share of $0.09, non-GAAP net income of US$ 0.9 million, and non-GAAP EPS of $0.06.
Continued growth in mini-VSAT Broadbandsm Q1 airtime revenue, up 12% year-over-year. Including the impact of Videotel, strong year-over-year growth in subscription-based service revenue, which represented 61% of total revenue in Q1, up from 47% a year ago.
