NEWS
SatixFy Signs $9 Million Software Development and License Agreement with MDA Space for Satellite Payloads
SatixFy Communications (NYSE American: SATX) has signed a $9 million software development and license agreement with MDA Space (TSX: MDA) for satellite payloads. The contract includes:
$6 million for software solution delivery with a license for an existing MDA Space customer
$3 million for a license to support future customers
An option for MDA Space to access part of the code for an additional $4 million
SatixFy will provide modem and beamforming software for its chipsets used in digital satellite broadband Low Earth Orbit Constellation payloads. This agreement positions SatixFy as a market leader in space-grade chips and software for next-generation digital satellite
$6 million for software solution delivery with a license for an existing MDA Space customer
$3 million for a license to support future customers
An option for MDA Space to access part of the code for an additional $4 million
SatixFy will provide modem and beamforming software for its chipsets used in digital satellite broadband Low Earth Orbit Constellation payloads. This agreement positions SatixFy as a market leader in space-grade chips and software for next-generation digital satellite
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