Intelsat Invests in hiSky Alongside Strategic IIoT Partnership
Intelsat has made an investment into Israel-based satellite technology firm hiSky, along with a strategic collaboration agreement. hiSky announced the investment on Feb. 5. Along with the investment, Intelsat CTO Bruno Fromont is joining hiSky’s board of directors as an observer.
hiSky said one of the main outcomes of this collaboration will be a solution for the Industrial Internet of Things (IIoT) market. The companies are set to move forward with hiSky’s HUB virtualization on Intelsat’s platforms, using Intelsat’s global satellite coverage. The solution is expected to target industries such as land mobility, maritime, enterprise, and government.
“Our collaboration and strategic investment signify a significant milestone in advancing mobility terminal development and Industrial Internet of Things services globally,” Fromont commented. “By combining Intelsat’s extensive global coverage with hiSky’s cutting-edge IoT technology, we are poised to revolutionize the landscape of satellite communication solutions.”
ST Engineering’s venture capital arm is also an investor in hiSky with a strategic partnership with the company.