#Canada #MDA Space #Brampton #Satellite Communications #SatixFy Communications

MDA Space Completes Acquisition of SatixFy Communications

MDA Space Ltd. (TSX: MDA), a renowned provider of advanced technological solutions and services tailored to the rapidly evolving global space industry, has recently confirmed the completion of its acquisition of SatixFy Communications Ltd. This milestone marks a significant step forward in MDA Space's strategy to enhance its portfolio of satellite communication technologies.

This acquisition comes at a pivotal time as demand for digital satellites and software-defined solutions continues to surge. SatixFy has established itself as a leader in next-generation satellite communication solutions, specializing in proprietary chipsets that improve the efficiency and performance of satellites. The integration of SatixFy into MDA Space aims to provide customers with advanced, end-to-end satellite coverage and communications solutions, catering to the ever-growing needs of global clients.

Mike Greenley, CEO of MDA Space, expressed enthusiasm about this strategic acquisition, stating, "We are pleased to officially welcome the SatixFy team to MDA Space. With the successful completion of the acquisition, our combined team will continue to deliver differentiated technology to further reinforce our satellite systems strategy and competitive advantage as demand for software-defined digital satellite solutions continues to grow."

As part of the synergy expected from this acquisition, SatixFy’s operations and comprehensive technology offerings will be folded into MDA Space’s Satellite Systems business unit. This integration will significantly strengthen MDA Space's capabilities, enabling the company to deliver state-of-the-art satellite solutions that meet the evolving requirements of its customers.

For current shareholders of SatixFy, they should be aware that the ordinary shares of SatixFy are set to be de-listed from the NYSE American soon. Any shareholder looking for assistance regarding their shares can contact the Continental Stock Transfer Trust for guidance on the exchange process. Details related to the acquisition and the implications for existing shareholders can also be found in the filings submitted to the United States Securities and Exchange Commission, available at their official website.

About MDA Space

MDA Space’s rich history spans over 55 years, establishing it as a trusted partner within the global space industry. With a cadre of over 3,400 experts in the fields of robotics, satellite systems, and geo-intelligence, MDA Space has achieved more than 450 successful missions, continuously pushing the boundaries of technology and innovation. The company is recognized for its leadership in various domains, including communication satellites, Earth observation, and even space exploration.

Driven by an ethos of innovation, MDA Space aims to build the future of satellite technologies and services by integrating advanced communication systems that cater to both national and commercial markets. As such, they are well-positioned to support ambitious projects and visionary ideas from clients craving progress both on Earth and in space.

The company's focus on integrating technologies aims to nurture advancements that could potentially revolutionize how we communicate, observe, and interact with our environment through satellites. For those intrigued by this latest development or interested in exploring partnerships with MDA Space, more information is readily available on their official website www.mda.space.

Looking Ahead

MDA Space acknowledges that while this acquisition strengthens its position, it also acknowledges the inherent risks involved in such expansions. They remain committed to navigating these challenges while pursuing their mission of delivering unparalleled satellite solutions. The company is optimistic about its future trajectory and the continued demand for innovative satellite technology solutions in an increasingly connected world.

As the landscape of satellite communications evolves, MDA Space's commitment to innovation and excellence remains unwavering. This merger proves to be a strategic move that not only fortifies its service offerings but also enriches the entire space industry by promoting advanced communication technologies that drive progress and connectivity across the globe.