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SatixFy Announces Full Year 2023 Results

Retrieved on:

Friday, March 29, 2024

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), a pioneering force in next-generation satellite communication systems driven by in-house developed chipsets, has released its consolidated financial results for the full year period ended December 31, 2023.

Key Points:

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), a pioneering force in next-generation satellite communication systems driven by in-house developed chipsets, has released its consolidated financial results for the full year period ended December 31, 2023.
The decrease in gross profit and margin due to the Company’s engagement in 2023 in projects which carry lower gross margins compared to 2022.
Nir Barkan, Acting Chief Executive Officer of SatixFy, commented, “2023 was marked by strategic advancements and solid progress within our product development and customer engagements.
“SatixFy is at a key inflection point in the industry, driven in-part by the fast-growing Low Earth Orbit ('LEO') low-latency satellite market providing broad data coverage anywhere, anytime.

SatixFy’s Space Chips Advance into Customer Testing Stage

Retrieved on:

Thursday, March 14, 2024

Satellite, Technology, Aerospace, Manufacturing, Telecommunications, Networks, Hardware, LEO, GEO, Chip, DBF, Investment, SATX

Both the Prime 2.0 Chip and the Sx4000 Chip are presently sampling to customers, including low earth orbit (LEO) and geostationary orbit (GEO) satellite manufacturers.

Key Points:

Both the Prime 2.0 Chip and the Sx4000 Chip are presently sampling to customers, including low earth orbit (LEO) and geostationary orbit (GEO) satellite manufacturers.
The Sx4000 Chip is currently undergoing final irradiation tests and is expected to achieve flight-ready status during the second half of 2024.
We believe these chips will be seen by the market as essential building blocks for developing satellite payloads.
SatixFy will showcase its space chips at the upcoming Satellite Show, scheduled to take place from March 19-21, 2024, in Washington D.C.

SatixFy to Showcase its Cutting-Edge Space-to-Ground SatCOM Solutions at Satellite Show 2024

Retrieved on:

Tuesday, March 12, 2024

Semiconductor, Technology, Satellite, Aerospace, Manufacturing, Hardware, LEO, Communication, ASIC, Walter, SATX, System, Television

Visitors to the SatixFy booth (#2219) will have the opportunity to delve into the Company’s comprehensive suite of solutions for satellite digital payloads, featuring advanced on-board-processing application-specific integrated circuits (ASIC), digital beamforming ASIC and additional payload antenna solutions.

Key Points:

Visitors to the SatixFy booth (#2219) will have the opportunity to delve into the Company’s comprehensive suite of solutions for satellite digital payloads, featuring advanced on-board-processing application-specific integrated circuits (ASIC), digital beamforming ASIC and additional payload antenna solutions.
These solutions represent a significant advancement in satellite communications, delivering exceptional performance, flexibility, and efficiency.
For the ground segment, SatixFy will showcase its multi-beam, multi-orbit, multi-frequency digital antennas, meticulously designed to meet the diverse requirements of next generation communication networks.
Highlighting the Company’s showcase is the aero in-flight connectivity (IFC) terminal, known as the “Onyx Aero”.

Jenna Saucedo-Herrera, CEO and President of greater:SATX, joins Prestigious Forbes Business Council

Retrieved on:

Wednesday, April 3, 2024

The Wall Street Journal, MSA, Air travel, Education, SAN, The Business Council, Economic development, SATX, Bloomberg, Quality of life, Commerce, Urban Land Institute, PwC, Workforce, Criterion

SAN ANTONIO, April 3, 2024 /PRNewswire/ -- greater:SATX, the lead economic development organization for the greater San Antonio region, announced today that its CEO and President, Jenna Saucedo-Herrera, has joined the Forbes Business Council, an invitation-only community for business leaders and owners worldwide.

Key Points:

SAN ANTONIO, April 3, 2024 /PRNewswire/ -- greater:SATX, the lead economic development organization for the greater San Antonio region, announced today that its CEO and President, Jenna Saucedo-Herrera, has joined the Forbes Business Council, an invitation-only community for business leaders and owners worldwide.
Saucedo-Herrera was selected by a review committee based on the depth and diversity of her experience.
Criteria for acceptance includes a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.
As an accepted member of the Business Council, Saucedo-Herrera has access to a variety of exclusive opportunities designed to help her reach peak professional influence.

SatixFy to Participate at the 36th Annual ROTH Conference on March 18, 2024

Retrieved on:

Wednesday, March 6, 2024

Semiconductor, Satellite, Technology, Telecommunications, Software, SATX

SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will participate at the 36th Annual ROTH investment conference in Dana Point, California on Monday, March 18, 2024.

Key Points:

SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will participate at the 36th Annual ROTH investment conference in Dana Point, California on Monday, March 18, 2024.
The conference will feature in-person one-on-one and small group meetings, thematic industry panels and fireside chats.
Nir Barkan, Acting CEO of SatixFy, will be attending the conference in California and will be available for one-on-one meetings with investors and analysts throughout the day on March 18, 2024.
To schedule a meeting with management, please contact a ROTH representative or email a request to the Satixfy’s investor relations team at [email protected] .

SAN ANTONIO RANKS THIRD IN METRO POSITIVITY AMONG LARGEST CITIES IN THE U.S. AND CANADA

Retrieved on:

Thursday, February 29, 2024

SAN ANTONIO, Feb. 29, 2024 /PRNewswire/ -- San Antonians like where they live and their happiness is reflected in their job satisfaction according to a recent "Metro Positivity" study included in a newly launched whitepaper from greater:SATX Regional Economic Partnership. In the study, San Antonio finished third of the 41 largest metros in North America, outranking such destination cities as Denver, Toronto, Seattle, and New York.

Key Points:

In the study, San Antonio finished third of the 41 largest metros in North America, outranking such destination cities as Denver, Toronto, Seattle, and New York.
They established a "metro positivity score" for each, signifying how the metro in which the associates work contributes to employee satisfaction, engagement, retention, and other outcomes.
In other recent news, San Antonio made its debut on the "Top 10 U.S. Markets to Watch List," ranking No.
To learn more, click here to review the greater:SATX whitepaper titled "Best Practices to Nurture Metro Positivity Effect: San Antonio Case Study."

The NYSE American Accepts SatixFy’s Plan to Regain Compliance with Listing Standards

Retrieved on:

Thursday, February 8, 2024

Software, Technology, Hardware, Satellite, SATX, Plan

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced that on February 6, 2024, it received written notice from the NYSE American LLC (“NYSE American”) stating that it has reviewed the Company’s January 5, 2024 plan of compliance addressing how it intends to regain compliance with certain NYSE American continued listing standards (the “Plan”) and determined to accept the Plan and grant a plan period for targeted completion of the Plan through May 30, 2025.

Key Points:

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced that on February 6, 2024, it received written notice from the NYSE American LLC (“NYSE American”) stating that it has reviewed the Company’s January 5, 2024 plan of compliance addressing how it intends to regain compliance with certain NYSE American continued listing standards (the “Plan”) and determined to accept the Plan and grant a plan period for targeted completion of the Plan through May 30, 2025.
The Plan is based in part on expected upcoming business progress and technological development, including potential positive announcements it expects to report of new customers and new orders that it believes should evidence that its valuation should be higher.
The NYSE American will review the Company periodically for compliance with the initiatives outlined in the Plan.
This follows the prior written notice from the NYSE American, sent on November 30, 2023 stating that the Company is not in compliance with the continued listing standards, as set forth in Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide.

2023 YEAR-IN-REVIEW FOR SAN ANTONIO SHOWS GROUNDBREAKING PROGRESS IN EDUCATION, AIR TRAVEL, QUALITY OF LIFE AND MORE

Retrieved on:

Tuesday, January 30, 2024

SAN ANTONIO, Jan. 30, 2024 /PRNewswire/ -- In 2023, the San Antonio Metropolitan Statistical Area (MSA) achieved historic firsts and reached impressive milestones across education, air travel, economic development and quality of life with recognition from third parties such as the Wall Street Journal, Bloomberg, PwC and Urban Land Institute, CityHealth, and others, with more progress to come, according to greater:SATX, the region's economic development organization.

Key Points:

"San Antonio is at a critical point in our growth trajectory," said Jenna Saucedo-Herrera, president and CEO of greater:SATX.
Greater San Antonio continues to lead the nation in the number of first-generation college students graduating from area universities.
San Antonio International Airport secured its first nonstop trans-Atlantic flight – to Frankfurt with Condor Airlines .
We are working together to sustain a region that offers economic prosperity and a high quality of life for all residents and businesses."

SatixFy to Participate at the 26th Annual Needham Growth Conference

Retrieved on:

Monday, January 8, 2024

Technology, Hardware, Consumer Electronics, Satellite, SATX, Conference, Eastern Time Zone

SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced today management's participation in the 26th Annual Needham Growth Conference.

Key Points:

SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced today management's participation in the 26th Annual Needham Growth Conference.
Nir Barkan, Acting CEO of SatixFy, will be giving a presentation accessible through the conference web portal, on January 19, 2024 at 08:45am Eastern Time.
Management will also be attending the conference virtually and will be available for virtual one-on-one meetings with investors throughout the day on Friday, January 19, 2024.
To schedule a meeting with management, please contact a Needham representative or email a request to the SatixFy’s investor relations team at [email protected] .

SatixFy Receives NYSE American Notice of Non-compliance with Continued Listing Standards

Retrieved on:

Friday, December 1, 2023

Telecommunications, Satellite, Software, Networks, Technology, Aerospace, Manufacturing, Mobile, Wireless, NYSE American, NYSE, SATX, Alternative, Risk management

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), announced today that on November 30, 2023 the Company received written notice from the NYSE American LLC (“NYSE American”) stating that the Company is not in compliance with the continued listing standards, as set forth in Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the “Company Guide”).

Key Points:

SatixFy Communications Ltd. (the “Company” or “SatixFy”) (NYSE AMERICAN: SATX), announced today that on November 30, 2023 the Company received written notice from the NYSE American LLC (“NYSE American”) stating that the Company is not in compliance with the continued listing standards, as set forth in Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the “Company Guide”).
If the Company’s plan is accepted, the Company may be able to continue its listing, and will be subject to periodic reviews by the NYSE American.
In the interim, the Company’s ordinary shares will continue to be listed on the NYSE American exchange while it attempts to regain compliance with the continued listing standards.
The Company is currently preparing a plan to address the steps it will take to regain compliance with applicable NYSE American listing standards and intends to submit it by the applicable deadline.