Astrocast - CH1122548808

    Astrocast - ein Spin-Off der ETH Lausanne (EPFL)


    Homepage - Astrocast - Taking IoT Further


    Astrocast is the most advanced global nanosatellite IoT network. Our 100 nanosatellite constellation will be complete by 2024, spanning the globe and allowing for low latency transmission. In addition, our satellites are equipped with propulsion and deorbiting giving us greater control of the entire network and the ability to avoid unlikely collisions with space debris. With extra capacity and redundancy of critical components, each of our satellites has a controlled lifetime of up to 5 years. All of this combines to give our customers the highest performance, greatest coverage, and the highest reliability from anywhere in the world.


    SATELLITES

    • State-of-the-art nanosatellites, 5kg class, Swiss made
    • LEO, sun-synchronous and equatorial orbits
    • Redundancy of critical satellite components
    • Extra capacity in orbit, guaranteeing service reliability
    • Propulsion and deorbiting capabilities to avoid debris in space
    • Controlled lifetime of 3-5 years to keep the best performance in orbit and allow new features to be added to the network

    Presseartikel:


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    Börse - Mehr als nur On: Vier Schweizer Zukunfts-Unternehmen, die im Ausland kotiert sind | cash


    Astrocast goes public and attracts Palantir as investor (startupticker.ch)


    Aktie:


    ASTROCAST SA NOK 60.00 (euronext.com) - Orderbook beachten...


    CH1122548808

    Astrocast Confirms Its Financing Strategy And Announces Intention To Apply For Additional Listing On Euronext Growth Paris To Complete The Roll-Out Of Its IoT Nanosatellite Constellation


    5 April 2022


    Capitalizing on the success of its first deployment phase and the accelerating expansion of the market, the company appoints investment banking syndicate to prepare an IPO and listing on Euronext Growth Paris in 2022, in addition to the listing on Euronext Growth Oslo


    Lausanne, Switzerland, April 5, 2022 – Following successful testing and validation of its current 12-satellite constellation and increasing customer interest, Astrocast (the ‘Company’), operator of one of the world’s most advanced global nanosatellite IoT networks, has confirmed plans to launch additional satellites to complete its constellation deployment.


    The plan involves a goal of having 20 satellites in orbit by the end of 2022 and a full global constellation of 40 satellites in orbit by 2023. These satellites will be complemented by second-generation satellites, with the ultimate objective of reaching a 100-satellite constellation by 2025.


    To fund the completion of the constellation deployment and the ramp-up of its commercial activities, Astrocast intends to pursue an Initial Public Offering and to apply for a listing on Euronext Growth Paris, in addition to its existing listing on Euronext Growth Oslo. Future constellation launches and satellite replenishment and maintenance are targeted to be funded from cash flow from operations and debt.


    Commenting on the announcement, Fabien Jordan, CEO of Astrocast, declared:

    Quote

    “We are very excited to enter the next phase of our strategic plan. Raising additional capital will enable us to accelerate satellite launches, foster commercialization of our existing modules and finalize the launch of our proprietary chipset.”

    Jose Achache, Chairman of Astrocast, stated:

    Quote

    “France is a leading country in the Aerospace domain in Europe and Astrocast has established strong ties with major industrial players such as Airbus and CEA-Leti, co-developing its proprietary chip and communication protocol based on L-Band spectrum. Listing on Euronext Growth Paris is a significant step to consolidating our historical relationship with the French and European Aerospace industry.”

    Astrocast completed a number of significant milestones since its public listing in August 2021


    On the operational front, Astrocast has been successfully testing the existing constellation, which includes 12 satellites, 10 of which provide commercial IoT services on an international scale. Following the completion of the constellation, Astrocast expects to be able to offer latency of less than 15 minutes, which satisfies most IoT use cases. Astrocast is negotiating an extension of the agreement on the spectrum utilized by the constellation. Once signed, the new agreement is expected to significantly de-risk the Company’s business plan. On the commercial front, prospective customers are receiving development kits to test various IoT applications. The Company has also been working on building its customer pipeline, including a partnership agreement with Telefonica that has the potential to connect thousands of maritime shipping containers to be monitored through the Astrocast network.


    Intention to list on Euronext Growth Paris to expand and deepen investor base


    Astrocast intends to raise €60m to €80m in this initial public offering, and concurrently apply for the listing of its shares on Euronext Growth Paris, in addition to its existing listing on Euronext Growth Oslo. Through this new listing, the Company hopes to expand its institutional investor base and increase liquidity.


    Astrocast has appointed as Joint Global Coordinators for the initial public offering Bryan, Garnier & Co, a leading European growth-focused investment bank and long-term financial advisor of the Company, Deutsche Bank AG, which brings in-depth Space Tech sector knowledge along with its pan-European equity distribution platform, and Clarksons Platou Securities AS, the investment banking arm of the global maritime conglomerate Clarksons Group. The target will be to complete the transaction this year, subject to market conditions and regulatory approvals.


    Regarding the syndicate structure, Kjell Karlsen, CFO of Astrocast, said:

    Quote

    “We are very pleased with the dedicated banking syndicate combining Aerospace sector expertise and deep access to institutional investors across Europe and internationally. Listing on Euronext Growth Paris will further raise our profile among investors and enhance the liquidity of our shares to the benefit of all our shareholders.”

    Notes to editor

    About Astrocast


    Astrocast SA operates one of the world’s most advanced global nanosatellite IoT networks, offering services in industries such as Agriculture & Livestock, Maritime, Environmental, Connected Vehicles, and Oil, Gas & Mining to name a few. The Astrocast network enables companies to monitor, track, assess, and communicate with remote assets from anywhere in the world. In partnership with Airbus, CEA/LETI, ESA, and Thuraya, Astrocast developed Astronode S, a cutting-edge module featuring low profile L-band antenna, ultra-low power consumption, and a small form factor. Founded in 2014 by a renowned team of experts, Astrocast designs, develops, and tests all its products in-house, from the satellites to the terminals. Astrocast is listed on Euronext Growth Oslo.


    For more information visit www.astrocast.com


    Media Contact Astrocast
    Fatima Vigil, Head of Marketing media@astrocast.com



    Important information


    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


    This stock exchange announcement was published by Laurent Vieira de Mello, Chief Operating Officer, Astrocast SA, on 5 April 2022 at 08:00 CEST.