LeoSat Enterprises Contracts First Customer
WASHINGTON–(BUSINESS WIRE)– LeoSat Enterprises, the company which is launching a constellation of up to 108 low-earth-orbit communications satellites has entered into contract for service with its first customer, a globally operating financial trading company with offices worldwide.
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LeoSat Constellation (Photo: Business Wire)Automated algorithmic trading has grown rapidly over the last 5 years and it is now at a point where it constitutes the majority of daily trading volume. The finance industry and in particular the hedge funds and financial services companies are always looking for the latest technologies and innovations to see the markets as close to real-time as possible. With exchange technology and big data at the forefront as key differentiators for success, companies are also looking to address the challenges of latency management and network connectivity.
LeoSat’s system of low earth orbit communications satellites can achieve lower latency and stronger end-to-end security compared to traditional satellite and terrestrial solutions used today. In a market where no financial institution can afford to lag behind the latest price action, LeoSat can offer average RTT latency of <93ms from London to Tokyo and <119ms from Singapore to London. This is achieved through an advanced and unique system architecture utilizing optical inter-satellite laser links which connect the satellites, creating fiber-like symmetry at Gigabits speeds while providing total security as the data is encrypted and secured from end-to-end across the network, with no terrestrial touch points.
LeoSat’s Chief Commercial Officer, Ronald van der Breggen, said: “We are excited to be in a position to announce our first customer almost four years ahead of the commercial launch of our system and while doing so, also venture into a market sector where traditional satellite systems have never had any suitable product offering. In addition to it being proof of our claim to be a game changer in the satellite communication industry, we take this customer contract as a very strong endorsement of our plans to offer global, low-latency, high-throughput satellite capacity, using a Low Earth Orbit constellation. With the highest performance offered by any existing or planned system, including fiber, we are already seeing a high level of interest from the finance, enterprise, government and energy sectors. It is encouraging to see that customers recognize we are beating fiber at their own game and they are quick to take advantage of that.”
LeoSat has completed a feasibility study with Thales Alenia Space for its constellation design and deployment and is currently working with them on the next phase to build the most advanced commercial satellite system in the world.
ENDS
About LeoSat Enterprises
LeoSat Enterprises was established in 2013 to leverage the latest developments in satellite communications technologies to develop and launch a new low-earth-orbit satellite constellation which will provide the first commercially available, business grade, extremely high-speed and secure data service worldwide.
With up to 108 low-earth-orbit communications satellites in the constellation LeoSat is the first company to have all of the High Throughput Satellites (HTS) in the constellation connected together in networked HTS satellites and to select established sectors on the planet.
Based in Washington DC, LeoSat is currently working with Thales Alenia Space for the low-earth-orbit constellation of between 78 and 108 Ka-band communications satellites. Once operational, the constellation will provide high-speed, low-latency and highly secure communications and bandwidth for business operations in the telecom backhaul, Energy, Government, Maritime and international business markets. Launch of the constellation is expected in 2018 or 2019. www.leosat.com
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Contacts
LeoSat Marketing Communications
Melanie Dickie
Tel: +31 6 14 22 97 62
Email: Melanie.dickie@leosat.com