The Ottawa firm said it’s one of the largest orders it has ever received for its fully motorized auto-pointing antenna system, which can be mounted on the roof of vehicles or transportable structures.
Ottawa-based firm says it now plans to deliver 188 satellites plus 10 backups aimed at delivering high-speed internet service to remote areas – down from its previous target of 298 satellites.
Ottawa firm posted revenues of $3 million for the three-month period ending Feb. 28, down from $4.72 million in the first quarter of 2021.
Ottawa company that makes antenna technology for next-generation satellites posted revenues of $9.15 million for the fiscal year ending Nov. 30, 2021, up from $6.46 million a year earlier.
Ottawa firm said Friday its low-Earth-orbit satellite network aimed at delivering high-speed internet to remote areas might not be in orbit until 2025, a year later than planned.