After achieving critical development milestones for the mTennaTM antennas combined with the introduction of KĀLOTM services, Intelsat, operator of the world’s first Globalized Network, announced today that it has acquired an equity stake in Kymeta. Additionally, it was announced that Stephen Spengler, Intelsat’s Chief Executive Officer, has joined Kymeta’s board of directors.
Stephen Spengler, Intelsat’s Chief Executive Officer, said: “Intelsat is developing and supporting the innovative new technologies that will unlock new applications for our sector. The demand for fast, reliable broadband connectivity requires innovation in-orbit and across the entire satellite ecosystem to unlock new growth opportunities. Our partnership with Kymeta provides a real game changer and a high performance, cost-effective alternative for the industry. As noted by our increased equity stake, we value our partnership with Kymeta and look forward to capturing exciting opportunities in fast growing new vertical markets together.”
“We are excited to have Intelsat as an investor in Kymeta,” said Dr. Nathan Kundtz, Founder, President and CEO, Kymeta. “This investment further solidifies the KĀLO bundled services offering by providing a global high-throughput network for our easy to purchase services packages. In tandem with our commercial product release of Kymeta mTennau7 and KyWayTM terminals, the relationship with Intelsat is core to our strategy for growth. The investment aligns with our mutual interest in simplifying satellite access.”