Summary: Intelsat, a prominent global satellite service provider, has invested in hiSky, an Israel-based satellite technology company, to enhance solutions in the Industrial Internet of Things (IIoT) market. This strategic move includes the integration of hiSky’s HUB virtualization within Intelsat’s extensive global satellite network to serve industries such as land mobility, maritime, enterprise, and government.
As satellite communication grows increasingly crucial in today’s tech-driven world, Intelsat’s recent investment into hiSky marks a transformative step toward expanding the reach and efficiency of satellite-enabled IoT services. In a move that unifies the expertise of both companies, Intelsat aims to leverage hiSky’s innovative technology to provide advanced IoT solutions across various sectors.
With the collaboration’s fruition, the duo is set to enhance hiSky’s HUB virtualization technology by capitalizing on Intelsat’s expansive satellite coverage. This symbiotic partnership is poised to introduce an array of new opportunities in critical areas such as vehicle tracking, maritime communications, and remote enterprise operations, offering solutions that require wide-reaching connectivity.
Complementing this investment, Bruno Fromont, the Chief Technology Officer of Intelsat, has taken a position on hiSky’s board as an observer. Fromont’s engagement underscores the strategic nature of this collaboration.
hiSky’s vision for the IIoT market aligns with that of its investors, which now include ST Engineering’s venture capital arm, signifying a strengthened network of support for hiSky’s promising trajectory in satellite technology.
FAQs about Intelsat’s Investment in hiSky
What is Intelsat?
Intelsat is a global provider of satellite services, renowned for offering communications connectivity across an extensive satellite network.
Who is hiSky?
hiSky is an Israel-based satellite technology company focused on providing advanced solutions in the Industrial Internet of Things (IIoT) market.
What does this investment mean for the industry?
Intelsat’s investment in hiSky represents a significant move to enhance satellite-enabled IoT services in industries that require broad connectivity, such as land mobility, maritime, enterprise, and government sectors.
How will Intelsat and hiSky’s technology integration benefit customers?
The integration of hiSky’s HUB virtualization technology with Intelsat’s satellite network is aimed at providing improved IoT solutions with a wider reach, reliability, and efficiency, notably for vehicle tracking, maritime communications, and remote operations.
What is the role of Bruno Fromont post-investment?
Bruno Fromont, Chief Technology Officer at Intelsat, has assumed the role of an observer on hiSky’s board to oversee the strategic collaboration.
What is the significance of ST Engineering in hiSky’s growth?
ST Engineering’s venture capital arm’s involvement as an investor reflects a growing network of support for hiSky and further endorses its potential in the satellite technology space.
Definitions of Key Terms
Industrial Internet of Things (IIoT):
The use of interconnected sensors, instruments, and other devices networked together with computers’ industrial applications, including manufacturing and energy management.
A constellation of satellites providing coverage and communication capabilities across large geographic areas.
HUB Virtualization Technology:
A technology that enables the virtual management of network operations, often leading to reduced costs and increased efficiency.
The act of allocating resources, usually financial, in the expectation of generating an income or profit.
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