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IN BRIEF: NetScientific's Sofant inks contract with space agencies

Thu, 04th Nov 2021 17:17

NetScientific PLC - London-based life sciences and sustainability, technology investment and commercialisation firm - Portfolio firm Sofant Technologies signs EUR7.3 million contract with the UK Space Agency and the European Space Agency to support the commercialisation of its low-power satellite communications platform.

"We are honoured that the UKSA and the ESA have agreed to support the commercialisation of Sofant's technology. They have a clear understanding of the technical challenges faced by the satellite communications industry as it seeks to exploit the promise of a new generation of satellite networks. They also share our belief that a scalable technology platform which solves power consumption and heat problems in phased array antennas is critical for the future wireless communications," says Sofant CEO David Wither.

Current stock price: 98.00 pence

Year-to-date change: up sharply from 46.50p

By Dayo Laniyan; dayolaniyan@alliancenews.com