EMERGING TECHNOLOGY, CYBERSECURITY
Inmarsat | September 17, 2022
Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced the receipt of approval of the proposed combination of their businesses by the UK Government under the National Security & Investment Act.
The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK's national security.
In March 2022, the companies committed to economic undertakings with BEIS, which underlined their pledge to strengthen and advance the UK's National Space Strategy. The economic undertakings include an expansion in the number of highly skilled jobs in key areas and a 30% increase in overall research and development spending in the UK.
"The combination of Viasat and Inmarsat creates a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world. The UK Government's clearance of Viasat's proposed acquisition of Inmarsat under the National Security and Investment Act is another important step forward on the road to closing the deal, and we would like to thank the UK Government for their close collaboration throughout the process. Viasat has been a trusted partner of the UK's defence and national security communities for more than a decade, including in the provision of its market-leading encryption products. The combined company, whose global international business headquarters will be situated in the UK, will build upon the strong UK relationships that Viasat and Inmarsat already enjoy and allow us to deepen our contribution to the UK's National Space Strategy."
-Mark Dankberg, Executive Chairman and CEO of Viasat.
Rajeev Suri, Inmarsat CEO, added: Inmarsat is proud of our decades of close work with the UK government. Today's approval brings us closer to delivering the new jobs and investment to the UK that have been committed by both Inmarsat and Viasat. Together, we will be well-positioned to compete in a robust market that has both well-funded new entrants and other industry players in the process of consolidating.
Viasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea.
Inmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. The deal is scheduled to close in the second half of 2022.
EMERGING TECHNOLOGY, GOVERNMENT BUSINESS
GovPilot | September 07, 2022
GovPilot, a provider of modern cloud-based government management software specifically designed for municipal and county governments has partnered with BRT Technologies, another New Jersey based technology firm specializing in tax assessment.
The partnership includes an integration that will enable New Jersey tax assessors and administrators of municipalities and counties who currently utilize both BRT Technologies’ tax assessment software and GovPilot’s government management platform, to access permit records stored in GovPilot, directly in BRT.
This will significantly speed assessment time and enhance operational efficiency for local governments across New Jersey. BRT’s tax assessment products are currently used in 300+ municipalities and in all 21 counties across the state.
Ellen Foye Malgieri, a Tax Assessor for the Town of South Orange, New Jersey said, “This integration will make revaluation much easier and faster. Rather than going back and forth between systems, everything is now connected and it is far simpler to access records. When I use GovPilot, it has all permit records visible by block and lot. Now with the integration, our assessors and inspectors can access that information instantaneously directly within BRT. It’s extremely helpful, and fast. I’m glad they got together to do it!”
“By partnering with BRT Technologies, GovPilot is putting a suite of efficient, intuitive digital tools in the hands of New Jersey tax assessor and administrators directly within their GovPilot modules that will unify data instantly with other departments. This is going to make the work of tax assessors far easier and faster which will have a positive impact on residents and local economies within the state.”
-James Delmonico Chief Product Officer, GovPilot.
Local governments in the U.S. have often operated with a mix of paper-based processes, spreadsheets, single-use software, and older on-site server based systems. Not only is this inefficient but it is expensive to maintain and presents a significant cyber risk for local government administrators and their constituents, said GovPilot Founder and CEO, Michael Bonner. As a unified cloud-based government management platform, GovPilot aims to be the operating system for local government. This implementation provides BRT and GovPilot customers with best-in-class tax assessment availability, reliability, and security.
“BRT's innovative suite of products are not only easy to use but are also backed by a support and tech team New Jersey Assessors and Administrators have come to know and trust. This partnership with GovPilot reinforces both companies’ commitment to helping local governments right here in the state of New Jersey by modernizing and streamlining their services and operations.”
-Randy Riesenberg, BRT Technologies’ Chief Technology Officer.
GovPilot - named a GovTech 100 company for five consecutive years - is the leader in digital transformation for local governments. GovPilot's cloud-based platform was built with the sole purpose of enabling local governments to operate at their full potential by standardizing, digitizing, and unifying more than 100 operational and constituent service processes on one operating system.
About BRT Technologies:
BRT Technologies LLC is a NJ based software developer comprised of industry-leading software engineers and certified tax assessors and is widely known as a patented leader in mobile and cloud-based software solutions.
With over 150 combined years of NJ tax assessment experience, BRT Technology products and services have truly been created by NJ tax assessors and administrators for NJ tax assessors and administrators. BRT products are currently used in 300+ NJ municipalities and in all 21 NJ counties.
Satellogic | October 03, 2022
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today that it has reached a three-year agreement with the Government of Albania to develop a Dedicated Satellite Constellation. This unique program derives from Satellogic’s Constellation-as-a-Service model and will provide Albania with responsive satellite imagery capabilities across its sovereign territory.
Satellogic’s unique offering enables municipal, state, and national governments to manage a fleet of satellites over a specific area of interest and develop an EO imaging program at unmatched frequency, resolution, and cost. Satellogic will enable Albania to address pressing issues involving agriculture management, illegal crops, illegal construction activity, traffic management, wildfire monitoring, border security, and environmental monitoring through high-quality imagery with country-wide capacity at a cost-effective price point.
Albania will have priority access to two satellites, which will be named “Albania-1” and “Albania-2”, that are expected to join Satellogic’s fleet in its upcoming satellite launch with SpaceX.
“With the Dedicated Satellite Constellation, Satellogic will accelerate Albania’s participation in the New Space Economy. Additionally, these satellites will provide unprecedented, country-wide situational awareness via the best data from space, Albania is aiming to develop its involvement in the space community by leveraging the power of high-resolution satellite imagery, and we’re excited for the opportunity to support the country’s ambitions as well as its duties as a member of NATO.”
-Emiliano Kargieman, CEO and Co-Founder of Satellogic.
Through Satellogic’s cloud infrastructure, Albania will have access to responsive tasking, analysis, and dissemination of critical insights and information. Satellogic will facilitate training of remote-sensing specialists within the Albanian Government to assist in the analysis and dissemination of satellite-derived products to various ministries in the country and build the capacity of the Albanian space economy.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ:SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers. Satellogic’s mission is to democratize access to geospatial data of high-resolution images and analytics through its information platform to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry. With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.