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Sofant Signs EUR7.3m ESA Contract
Sofant Signs EUR7.3m ESA Contract.
About this update from Emv Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2806R\n NetScientific PLC\n 04 November 2021\n \n \n \n \n NetScientific plc\n \n \n (\"NetScientific\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Sofant Signs €7.3m European Space Agency Contract\n \n \n \n \n \n London, UK - 4 November 2021 - NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group, announces that its portfolio company, Sofant Technologies (\"Sofant\"), the leading 5G and Satcom antenna developer based in Edinburgh, has signed a €7.3M contract with the UK Space Agency (\"UKSA\") and the European Space Agency (\"ESA\") to support the commercialisation of its low-cost low-power satellite communications platform, of which 50% can be claimed as non-dilutive grant funding, with the balance coming from Sofant.\n \n The funding from the ESA - secured under an Advanced Research in Telecommunications Systems (ARTES) contract - will support Sofant Technologies to complete the commercialisation of a satellite communication terminal, allowing users to connect to the cloud via a new generation of low-latency, super-fast satellite networks.\n \n Applying patented and state of the art RF MEMS (radio frequency microelectromechanical systems), Sofant Technologies' platform solves the most pressing power consumption and heat problems faced by the next generation of 5G and satellite communications systems.\n \n Eliminating the need for complex and expensive cooling systems, Sofant's patented RF MEMS (radio frequency microelectromechanical systems) platform will enable Satellite Communication (SatCom) and 5G wireless networks to operate with 70% less power.\n \n By connecting devices wirelessly via a satellite network, Sofant Technologies' terminal will reduce the needs for terrestrial infrastructure and make it much easier for people in rural and remote locations to get online.\n \n With COP26 underway, Sofant's technology is moving towards further environmental savings, with the potential for the technology to be powered by renewable energy. Those relying on solar or wind technology in rural locations will have the ability to connect via their own power sources, further reducing individual carbon footprints in the pursuit of neutral carbon emissions by 2050.\n \...