SAS 0.00% 1.6¢ sky and space company ltd

From announcement dated 26/9/17 Set to provide affordable...

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    From announcement dated 26/9/17

    • Set to provide affordable communication solutions - affordable data, voice and instant messaging services to over 3 billion
    people (Equatorial region)
    • Targets the global satellite/telcoms market through the use of very sophisticated and lower cost nano-satellite technology –
    highly disruptive to the existing conventional satellite platforms

    Communication services
    tested successfully so far
    include:
    • Text messages
    • Images
    • Voice recordings
    • Data store and forward
    • Voice calls
    • Inter satellite links
    • Remote Wi-Fi access to SAS
    hardware

    It was made pretty clear that they were in the business to chase telecommunications contracts. Have a look at their competitors now - most contracts signed relate to asset/vehicle tracing etc etc...not text messages and phone calls. They had their target market wrong from the start. Hindsight is a wonderful thing but you have to wonder how much planning they put in to their target customers.
 
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Currently unlisted public company.

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