
Thuraya, Yahsat's mobility business, signs complementary commercial agreement to develop a Next Generation IoT Platform with eSAT Global
Investment in eSAT and the commercial agreement mark a major milestone for Yahsat's IoT strategy
New IoT platform will enable deployment of chipsets, modules and ground systems addressing the growing demand for connectivity using low-cost, low-power IoT devices
IoT market is poised to grow at a CAGR of 22% over the next 5 years
Abu Dhabi, UAE, 11 October 2022 Yahsat (ADX: AEA007501017), the UAE's flagship satellite solutions provider, today announced a minority investment in eSAT Global Inc, an innovative Internet of Things (IoT) connectivity solutions provider that will bring a new disruptive, low-cost, low latency, direct-to-satellite IoT service to the market.
The overall IoT market is projected to grow at a CAGR of 22% over the next five years to US$ 525 billion and the satellite IoT business is forecasted to generate a cumulative revenue of US$ 6 billion over the same period. The investment in eSAT represents an opportunity to participate in a fast-growing sector, that is still significantly under-penetrated, and is closely aligned with Yahsat's strategy of prioritizing growth sectors.
In addition to Yahsat's investment in eSAT, Thuraya, its mobility business, has signed a commercial agreement with eSAT, which will provide Thuraya with secure and long-term access to an end-to-end Low Power Wide Area Network (LPWAN) IoT system and portfolio. The system will work over Thuraya's Mobile Satellite Services (MSS) GEO assets and provide customers with IoT portfolio access on a global scale, by leveraging Yahsat's group's presence in over 150 countries. The partnership with eSAT will enable Thuraya's service partners to address critical IoT requirements in key segments, including smart agriculture, environmental monitoring, digital maritime and cold-chain tracking. Thuraya, in collaboration with eSAT, is planning to launch the IoT system and portfolio and commence commercial activities by Q4 2023.
Designed specifically for IoT and low data rate applications, the new platform will leverage Thuraya's existing (T2 & T3) and future MSS GEO satellites, including Thuraya 4-NGS, Yahsat's forthcoming next generation L-band satellite. This high-capacity platform will enable millions of devices to be serviced simultaneously and efficiently in a cost-effective way. The service requires no terrestrial repeater infrastructure or backhaul, while providing seamless coverage across the globe. Devices equipped with the new eSAT communication module will be able to communicate with satellites using very low transmit power anywhere within Thuraya's footprint.
Besides its enhanced versatility and industry-leading performance, the new IoT platform offers multiple advantages to solutions providers and integrators to manufacture and customize new and existing products and solutions with robust connectivity and high mobility. The new platform has been designed with 5G implementation considerations to support seamless integration and interoperability within terrestrial IoT ecosystems. It provides solutions that Mobile Network Operators (MNO) cannot provide terrestrially, has ubiquitous coverage, and will deliver always-on reliable solutions for critical IoT applications.
The IoT platform will also integrate capabilities to support low-cost texting services which will enable constant connectivity for smartphone users particularly in emergency situations. This builds off eSAT's Remote Text Service (eRTS) which was announced in October 2021.
Ali Al Hashemi, Chief Executive Officer at Yahsat Group, said: Yahsat's investment in eSAT, combined with Thuraya's commercial agreement, is aligned with our belief in the outsized impact of the IoT sector for the satellite and space industry today and in the years to come. Through this partnership, we will be able to serve our customers even more effectively by offering smart, reliable, and customizable solutions that will unlock new and exciting opportunities across a range of sectors. We look forward to working closely with eSAT who bring a track record of launching successful communication products and services to market. We are confident that together we will create a powerful offering to our customers and partners.
Rick Somerton CEO and President of eSAT Global, added We have designed our systems to benefit from the intrinsic advantages that L-band GEO's have over both LEO's and other GEO's. It is very exciting for us to have Yahsat, through their investment, endorsing our belief that their GEO's will deliver low-cost, low-power, and low-latency IoT connectivity. Our partnership has been a long time in the making, going back several years when we demonstrated the suitability of Thuraya's satellites for IoT. We appreciate the efforts of both teams of professionals in getting us to this
exciting milestone. We look forward to building on our partnership with Yahsat to deliver LPWAN connectivity to Yahsat's existing customers and many more new users for whom satellite-enabled connectivity has not previously been an option.
Yahsat will be participating at GITEX 2022 from October 10-14th. For more information about Yahsat and its subsidiaries visit Zabeel Hall 2, Stand Z2-D3.
More from Yahsat
07/05/2025
Abu Dhabi, UAE [Date] Space42 (ADX: SPACE42), the UAE-based AI-powered Space...
12/03/2025
Abu Dhabi, United Arab Emirates, and Copenhagen, Denmark: 12 March 2025: Space42...
11/03/2025
Abu Dhabi, UAE and Carlsbad, California 12 March 2025 Space42, (ADX: SPACE42...
03/03/2025
Abu Dhabi, UAE 3 March 2025 Thuraya, the satellite mobility arm of Space42, has Introduced Thuraya One, an Android 14 smartphone with built-in satellite cap...
27/02/2025
Abu Dhabi, UAE, 27 February 2025: Space42 PLC ( Space42 or the Company ), the UAE-based AI-powered SpaceTech company that seamlessly integrates satellite comm...
19/02/2025
Collaboration enables long-term testing and evaluation support for HAPS platform...
18/02/2025
The AED 378 million contract between Space42's Bayanat Smart Solutions and EDGE's FADA will enhance the nation's geospatial capabilities over the ne...
17/02/2025
The joint venture will leverage Space42's and FADA's advanced technologi...
11/02/2025
Space42's debut at IDEX highlights AI-powered space technologys role in modern defense and security
The Space42 stand will have live demonstrations of mult...
15/01/2025
Foresight-1 and Foresight-2 will boost UAE's earth observation capabilities
Comprising the latest SAR technology in cooperation with ICEYE
Abu Dhabi, U...
04/01/2025
Thuraya 4 will provide more secure capacity, faster speeds, and wider coverage across Africa, Europe, Central Asia and the Middle East
Launching the busines...
17/12/2024
Abu Dhabi, UAE, 17 December 2024: Space42 (ADX: SPACE42), the UAE-based AI-power...
10/12/2024
Abu Dhabi, UAE - 10 December 2024 Space42's Thuraya 4 telecommunications satellite, built by Airbus, has reached its destination at the Kennedy Space Cent...
09/12/2024
- The strategic joint venture addresses the growing demand for SAR satellite ima...
19/11/2024
The appointment reflects Space42s commitment to building a dynamic market enviro...
11/11/2024
Space42 and the Ministry of Education launch SpaceTech educational campaign for ...
30/10/2024
The launch follows the successful implementation on 27 oil wells using an oil an...
28/10/2024
The multi-design, state-of-the-art Space42 Arena in Al Raha Beach, Abu Dhabi w...
01/10/2024
Space42 is a new, UAE-based AI-powered SpaceTech company with a global reach, in...
30/07/2024
Resilient first half performance with stable Normalised EBITDA and net income
Revenue, profitability and cash flow guidance reiterated for the full year
Abu D...
18/07/2024
Yahsat accelerates efforts to expand in Zimbabwe following agreement with Satcom...
10/06/2024
- Fully flexible, software-defined payloads will allow in-orbit reconfiguration of coverage area, capacity and communication frequencies
- Full programme cost...
24/05/2024
The certification underscores world-class standards of services at Yahsat's Abu Dhabi Teleport
Abu Dhabi, United Arab Emirates, 21 May 2024: Al Yah Satelli...
22/05/2024
EUTELSAT KONNECT satellite will enhance Yahsat's satellite network with mult...
14/05/2024
Highest ever Q1 revenue with Normalised EBITDA growth of 7%
Profitability, cash flow and capital expenditure guidance reiterated
Abu Dhabi, United Arab Emirat...
10/05/2024
Abu Dhabi, 10 May 2024: Further to our previous communications about the unexpec...
09/05/2024
The visit discussed potential for Yahsat to expand its presence in South Africa ...
25/04/2024
Bayanat AI PLC (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (ADX: YAHSAT), the UAE...
23/04/2024
The merger will provide vertical integration potential and enhanced product offerings to capture regional and international opportunities for revenue growth and...
01/04/2024
Mr. Somani will oversee the development and implementation of the company's growth strategy and spearhead global strategic partnerships
Abu Dhabi, United A...
21/03/2024
- A circular was issued today setting both entities' General Assembly Meetin...
21/03/2024
- A circular was issued today setting both entities' General Assembly Meetin...
21/02/2024
The industry disruptive strategy is primed to transform the lives of billions of...
20/12/2023
Abu Dhabi, 20 December 2023: Further to the announcements made by Bayanat AI PLC...
20/12/2023
Abu Dhabi, 20 December 2023: Further to the announcements made by Bayanat AI PLC...
19/12/2023
The combination will bring together complementary capabilities to create a UAE-b...
27/11/2023
Yahsat's next-generation climate tech solutions to support efforts to mitiga...
21/11/2023
Asmira video compression technology delivers advanced capabilities to end users ...
16/11/2023
Yahsat's reliable and secure connectivity solutions to be installed on EDGE&...
15/11/2023
Dubai, 15 November, 2023: Bayanat (a leading provider of AI-powered geospatial s...
07/11/2023
Third quarter revenues grew 8% versus prior year, second highest on record
Nine-month revenues and Normalised EBITDA increased 3% underpinned by double digit g...
30/10/2023
The United Nations Global Compact (UNGC) is the world's largest corporate su...
23/10/2023
Service partnership agreement covers vital sectors including government, telemed...
17/10/2023
The innovative IoT Product provides tracking, locking and multiple sensing featu...
12/10/2023
The company is set to forge several new partnerships with leading companies to enrich its portfolio of Internet of Things (IoT) and Artificial Intelligence (AI)...
22/09/2023
Abu Dhabi, United Arab Emirates, 22 September 2023: Al Yah Satellite Communicati...
20/09/2023
On track to grow dividends by at least 2% to a total of AED 402 million [USD 109...
11/09/2023
Partnership aims to expand broadband penetration in Sub-Saharan Africa
Abu Dhabi, UAE, 11 September 2023: YahClick, the Data Solutions subsidiary of the UAE...
29/08/2023
Yahsat proudly celebrates Emirati Women's Day, recognizing accomplishments o...
11/08/2023
Yahsat's Commercial team is exploring ways to take advantage of growing Chin...