Stephen Spengler, Intelsat’s Chief Executive Officer to Join Kymeta’s
Board of Directors
LUXEMBOURG, SEATTLE, & WASHINGTON--(BUSINESS WIRE)--Mar. 7, 2017--
After achieving critical development milestones for the mTennaTM
antennas combined with the introduction of KĀLOTM services,
Intelsat, (NYSE: I) 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.”
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network,
delivering high-quality, cost-effective video and broadband services
anywhere in the world. Intelsat’s Globalized Network combines the
world’s largest satellite backbone with terrestrial infrastructure,
managed services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of network
services. Thousands of organizations serving billions of people
worldwide rely on Intelsat to provide ubiquitous broadband connectivity,
multi-format video broadcasting, secure satellite communications and
seamless mobility services. The end result is an entirely new world, one
that allows us to envision the impossible, connect without boundaries
and transform the ways in which we live. For more information, visit www.intelsat.com.
About Kymeta Corporation
Kymeta delivers on what connectivity is meant to be – secure, available,
and global. Kymeta is removing barriers by providing an innovative means
of leveraging satellite network capacity for high bandwidth
communication access while on the move. The company’s first products,
software-enabled metamaterials-based electronic beamforming antennas and
terminals for satellite communications, will keep boats, planes, cars,
and more connected.
In 2017 Kymeta has been recognized with a 2017 Fast Company World’s Most
Innovative Companies in Space award and the 2017 Puget Sound Business
Journal Innovation Award for Technology. The company has also been
awarded the 2016 Seattle Business Silver Tech Impact Award for Emerging
Technology and the 2016 2b AHEAD Innovators Award, which were closely
preceded by the Frost & Sullivan 2016 New Product Innovation Award. The
company has also been recognized as a CNBC Disruptor for two consecutive
years, a FiReStarter by Strategic News Network and a top 50 MIT
Technology Review Disruptive Company. Kymeta has formed significant
partnerships with industry leaders including Toyota, Intelsat,
Panasonic, Airbus Defence & Space, Sharp, Intellian, O3b, and more. If
it moves, Kymeta will keep it connected. Anywhere. The company is based
in Redmond, Washington and operates on a worldwide basis. For more
information, please visit www.kymetacorp.com.
Intelsat Safe Harbor Statement:
Statements in this news release from time to time by representatives of
the company constitute "forward-looking statements" that do not directly
or exclusively relate to historical facts. When used in this earnings
release, the words “may,” “will,” “might,” “should,” “expect,” “plan,”
“anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,”
“potential,” “outlook,” and “continue,” and the negative of these terms,
and other similar expressions are intended to identify forward-looking
statements and information.
The forward-looking statements reflect Intelsat's intentions, plans,
expectations, anticipations, projections, estimations, predictions,
outlook, assumptions and beliefs about future events and are subject to
risks, uncertainties and other factors, many of which are outside of
Intelsat's control. Important factors that could cause actual results to
differ materially from the expectations expressed or implied in the
forward-looking statements include known and unknown risks. Known risks
include, among others, the risks described in Intelsat’s annual report
on Form 20-F for the year ended December 31, 2016, and its other filings
with the U.S. Securities and Exchange Commission, the political,
economic and legal conditions in the markets we are targeting for
communications services or in which we operate and other risks and
uncertainties inherent in the telecommunications business in general and
the satellite communications business in particular.
Because actual results could differ materially from Intelsat's
intentions, plans, expectations, anticipations, projections,
estimations, predictions, outlook, assumptions and beliefs about the
future, you are urged to view all forward-looking statements with
caution. Intelsat does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307005395/en/
Source: Intelsat
Intelsat
Michele Loguidice
Director, Investor Relations &
Corporate Communications
+1-703-559-7372
michele.loguidice@intelsat.com