If you read the SAS ASX announcements regarding the Globalsat MOU, it says:
Sky and Space Global’s CEO, Mr. Meir Moalem said: “We are pleased that the commercial testing with Globalsat was a great success and excited that we are now actively progressing commercial discussions. Our successful test was the world’s first operation using a nanosatellite for communication purposes in the American continent, and we are certain many more will follow.”
Globalsat Group CEO, Mr. J. Alberto Palacios said: “The tests with the 3-Diamond nano-satellites were widely successful. We believe that when the Sky and Space 200-satellite constellation is complete and operational it will be a game-changing technology that can transform narrowband satellite communications. Globalsat is ready to advance our relationship with SAS to agree on a commercial arrangement, which will see us deliver mobile connectivity and IoT services to Latin and Central America”.
SAS Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held