Sky and Space Global and Globalsat Group to Partner on a LATAM Operational Evaluation Agreement
Sky and Space Global Ltd. (ASX: SAS, “Sky and Space Global” or the “Company”) has signed an Operational Evaluation Agreement with Globalsat Group LLC. to formalize the final step toward providing M2M and IoT services in Central and South America — this agreement follows the recent February 5, 2018, announcement on commencing the initial service testing.
Globalsat Group is the first Pan-American Mobile Satellite Service (MSS) consortium and a leading provider of voice, data, M2M / IoT, software, and hardware development throughout the western hemisphere. The group has offices in the continental United States, Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Peru, Puerto Rico and Mexico as well as distributors in the most important cities in the region.
Under this agreement, Globalsat Group and SAS set out the framework and detailed procedures for the evaluation of the SAS services compatibility with Globalsat Group’s existing technology and business model. The operational evaluation will be executed in two stages: lab tests which involve building a simulated service environment, and field tests. This process will be used as a basis for signing a commercial binding agreement, which is now expected to be completed within two months.
SAS Price at posting:
11.0¢ Sentiment: None Disclosure: Held