Latest news with #YahsatSpaceServices
Al Etihad
15-05-2025
- Business
- Al Etihad
Space42 advances strategy execution with solid Q1 2025 results
15 May 2025 18:08 ABU DHABI (WAM) Space42 PLC announced on Thursday its pro forma consolidated financial results for Q1 its launch in October 2024, Space42 has continued to execute across its four strategic growth pillars, building the operational and financial foundation needed to scale globally. In Q1 2025, revenue reached $115 this, the Company maintained a strong Normalised EBITDA margin of 53% and delivered a Normalised Net Profit of $30 million, in line with Q1 2024. The margin on a normalised basis improved by three percentage points to 26%.Space42 closed the first quarter with $895 million in cash and short-term deposits, contracted future revenues of nearly $7 billion, and tangible progress across each of its four strategic pillars, enabling it to continue scaling decisively and to capture the next wave of opportunity in Sabbagh, Managing Director of Space42, commented, "We entered 2025 with a clear strategy and a platform built to scale. This quarter reinforced our discipline on margins, the momentum across our four strategic pillars and our focus on long-cycle delivery.'We launched new assets in space, expanded coverage, and advanced programs that strengthen sovereign capabilities and position us to scale internationally. We are executing a model anchored in differentiated infrastructure and downstream applications in satellite communications and AI-enabled geospatial analytics.'Sabbagh added, "Our focus is on programmatic and long-term engagements with our key customers. This go-to-market approach is well established within Yahsat Space Services, and the appropriate transformation is underway within Bayanat Smart Solutions."Our strategy is demonstrated by the dual-use satellite communication and earth observation platforms we are building and the differentiated outcomes we are delivering across national and international markets, with the latter segment to grow in relevance over time. That is how we create enduring value."Space42's disciplined execution continues to drive momentum across its four pillars:1. Preferred Partner for Premium Geospatial Data- Launched Foresight-1 and Foresight-2 satellites, laying the foundation for a scalable Earth Observation constellation that strengthens coverage and revisit rates.- Synthetic Aperture Radar (SAR) manufacturing facility is on track to begin production in H2 2025, enabling sovereign production of high-resolution satellites and ensuring full deployment of Foresight-3, -4, and -5.- High Altitude Platform Stations (HAPS) development site in Abu Dhabi is to be operational by June 2025. First in the region, the new facility will deliver more than 20 HAPS unmanned aircraft vehicles annually, supporting civil, environmental, and defence applications.2. Global Leader in Geospatial Intelligence AI Platform Services- GIQ platform is being scaled as the digital backbone for real-time, AI-powered geospatial analytics, enabling fast, informed decision-making across civil and defence use cases.- MoU signed with FADA and EDGE to establish a national geospatial ecosystem and unlock downstream applications in surveillance, environmental intelligence, and secure mobility, with a total value exceeding USD 100 million.3. Global Leader in Non-Terrestrial Connectivity (NTN)- Thuraya-4 launched successfully; now in orbit and on track for commercial service in H2 2025. The satellite enables a next-generation mobility platform and a suite of new products offering wider coverage, faster speeds, and enhanced capabilities.- MoU signed with Viasat to co-develop a shared multi-orbit standard-based 5G NTN open architecture, creating a globally scalable platform for direct-to-device (D2D) and MSS services.- IP Neo broadband terminal launched in Q1, addressing connectivity needs for critical infrastructure, logistics, and maritime sectors across underserved geographies.- Thuraya One smartphone introduced as a commercial precursor to full D2D rollout, providing seamless integration of satellite and terrestrial networks through a single consumer-grade device.4. Trusted Leader in Secure Connectivity- Al Yah 4 and Al Yah 5 satellite programmes progressing on schedule and within budget; several units are now in the testing phase, with satellite launches planned for 2027 and assets will enhance national secure communication capabilities across defence and civil domains - Thuraya-3 service partially restored across key markets through rapid redeployment of redundant capacity, underscoring operational agility and Space42's commitment to service continuity.
Broadcast Pro
03-03-2025
- Business
- Broadcast Pro
Space42 launches ‘Thuraya One' satellite smartphone
Thuraya One is the next evolution in mobile technology, seamlessly integrating cellular and satellite connectivity into one smartphone. Photo credit: Supplied Thuraya, the satellite mobility division of Space42, has introduced Thuraya One, a state-of-the-art Android 14 smartphone with integrated satellite capabilities, at the Mobile World Congress (MWC) 2025 in Barcelona. Designed to provide seamless connectivity beyond cellular coverage, the device utilises 5G, 4G and Thurayas advanced satellite network, including the newly launched Thuraya 4 satellite, ensuring reliable and secure communication in remote locations. Unlike traditional mobile phones that rely solely on terrestrial networks, Thuraya One seamlessly blends cellular and satellite connectivity. Whether in a bustling city or an isolated expedition, users can stay connected without the need for additional satellite equipment. The devices dual-mode and dual-SIM functionality allows users to switch effortlessly between cellular and satellite networks, eliminating the hassle of carrying multiple devices. Additionally, it supports SIM cards from over 370 Thuraya Roaming Partners, ensuring a unified experience for voice calls and messaging across both networks. Ali Al Hashemi, CEO of Yahsat Space Services, Space42, said: 'Staying connected is no longer a convenience, it is a necessity. Thuraya One delivers seamless, secure, and reliable connectivity anywhere, pushing what is possible in mobile communication. With this advanced capability, we are accelerating our position as a Non-Terrestrial Networks operator and executing our Direct-to-Device strategy to bring uninterrupted connectivity to billions of people and devices worldwide.' Thuraya One combines the functionality of a cellular Android 14 smartphone with the power of satellite connectivity. It has a durable 6.67 AMOLED display for immersive visuals and a Qualcomm Octa-core Kryo processor for smooth performance. The smartphone also has an advanced camera system with three rear cameras, a 50MP primary lens, and a front-facing camera for exceptional photography. It is built to provide reliability with an IP67 rating, making the smartphone dust and waterproof. With a fast-charging and long-lasting battery, users can also enjoy up to 26 hours of talk time in 5G mode, making it ideal for extended use in the field. Thuraya One is now available through Thurayas network of over 140 service partners and distributors across the globe. Tags: thuraya4G5GMobile World CongressSpace42Thuraya One
Trade Arabia
03-03-2025
- Business
- Trade Arabia
Space42 expands satellite connectivity with Thuraya One Smartphone
Thuraya, the satellite mobility arm of Space42, has introduced Thuraya One, an Android 14 smartphone with built-in satellite capabilities that can connect users beyond cellular coverage during the Mobile World Congress 2025. The smartphone leverages 5G, 4G, and Thuraya's satellite network, including the recently launched Thuraya 4 satellite, to provide reliable, consistent, and secure coverage beyond terrestrial networks. Thuraya One's dual-mode communication technology gives it the flexibility to be used for everyday needs and to freely explore the world – be it in the heart of a bustling city looking for the best museums or trekking through an isolated area and in need of urgent help, Thuraya One customers are always connected. Additionally, integrating cellular and satellite connectivity into one eliminates the need to purchase additional dedicated satellite equipment when traveling to remote locations, the company said. The Thuraya One smartphone will be showcased at the Space42 stand at the Mobile World Congress (MWC) in Barcelona, the world's largest connectivity event, between March 3 and 6. Redefining everyday connectivity Traditional phones rely on cellular towers for connection. However, Thuraya One blends cellular and satellite connectivity into one device, eliminating the need for users to carry multiple devices to stay connected in remote areas. In a familiar and lightweight form, Thuraya One has dual SIM and dual-mode functionality, enabling users to seamlessly switch between cellular and satellite networks. The smartphone can also be used with mobile operator SIM cards from any of the 370+ Thuraya Roaming Partners, allowing customers to use only one SIM card for cellular and satellite calls and messages. Ali Al Hashemi, CEO of Yahsat Space Services, Space42, said: 'Staying connected is no longer a convenience, it is a necessity. Thuraya One delivers seamless, secure, and reliable connectivity anywhere, pushing what is possible in mobile communication. With this advanced capability, we are accelerating our position as a Non-Terrestrial Networks operator and executing our Direct-to-Device strategy to bring uninterrupted connectivity to billions of people and devices worldwide.' Dependable and cutting-edge hardware Thuraya One combines the functionality of a cellular Android 14 smartphone with the power of satellite connectivity. It has a durable 6.67' AMOLED display for immersive visuals and a Qualcomm Octa-core Kryo processor for smooth performance. The smartphone also has an advanced camera system with three rear cameras, a 50MP primary lens, and a front-facing camera for exceptional photography. It is built to provide reliability with an IP67 rating, making the smartphone dust and waterproof. With a fast-charging and long-lasting battery, users can also enjoy up to 26 hours of talk time in 5G mode, making it ideal for extended use in the field.
Hi Dubai
03-03-2025
- Business
- Hi Dubai
Space42 Expands its Satellite Connectivity Solutions with 'Thuraya One' Smartphone
Thuraya, the satellite mobility arm of Space42 , has introduced Thuraya One, an Android 14 smartphone with built-in satellite capabilities that can connect users beyond cellular coverage during the Mobile World Congress 2025. The smartphone leverages 5G, 4G, and Thuraya's satellite network, including the recently launched Thuraya 4 satellite, to provide reliable, consistent, and secure coverage beyond terrestrial networks. Thuraya One's dual-mode communication technology gives it the flexibility to be used for everyday needs and to freely explore the world – be it in the heart of a bustling city looking for the best museums or trekking through an isolated area and in need of urgent help, Thuraya One customers are always connected. Additionally, integrating cellular and satellite connectivity into one eliminates the need to purchase additional dedicated satellite equipment when traveling to remote locations. The Thuraya One smartphone will be showcased at the Space42 stand at the Mobile World Congress (MWC) in Barcelona, the world's largest connectivity event, between 3 and 6 March 2025. Redefining Everyday Connectivity Traditional phones rely on cellular towers for connection. However, Thuraya One blends cellular and satellite connectivity into one device, eliminating the need for users to carry multiple devices to stay connected in remote areas. In a familiar and lightweight form, Thuraya One has dual SIM and dual-mode functionality, enabling users to seamlessly switch between cellular and satellite networks. The smartphone can also be used with mobile operator SIM cards from any of the 370+ Thuraya Roaming Partners, allowing customers to use only one SIM card for cellular and satellite calls and messages. Ali Al Hashemi, CEO of Yahsat Space Services, Space42, said, 'Staying connected is no longer a convenience, it is a necessity. Thuraya One delivers seamless, secure, and reliable connectivity anywhere, pushing what is possible in mobile communication. With this advanced capability, we are accelerating our position as a Non-Terrestrial Networks operator and executing our Direct-to-Device strategy to bring uninterrupted connectivity to billions of people and devices worldwide.' Dependable and Cutting-Edge Hardware Thuraya One combines the functionality of a cellular Android 14 smartphone with the power of satellite connectivity. It has a durable 6.67' AMOLED display for immersive visuals and a Qualcomm Octa-core Kryo processor for smooth performance. The smartphone also has an advanced camera system with three rear cameras, a 50MP primary lens, and a front-facing camera for exceptional photography. It is built to provide reliability with an IP67 rating, making the smartphone dust and waterproof. With a fast-charging and long-lasting battery, users can also enjoy up to 26 hours of talk time in 5G mode, making it ideal for extended use in the field. Availability Thuraya One is now available through Thuraya's network of over 140 service partners and distributors across the globe. News Source: Trail Runner International
Zawya
03-03-2025
- Business
- Zawya
Space42 expands its satellite connectivity solutions with 'Thuraya One' smartphone
Abu Dhabi, UAE – Thuraya, the satellite mobility arm of Space42, has Introduced Thuraya One, an Android 14 smartphone with built-in satellite capabilities that can connect users beyond cellular coverage during the Mobile World Congress 2025. The smartphone leverages 5G, 4G, and Thuraya's satellite network, including the recently launched Thuraya 4 satellite, to provide reliable, consistent, and secure coverage beyond terrestrial networks. Thuraya One's dual-mode communication technology gives it the flexibility to be used for everyday needs and to freely explore the world – be it in the heart of a bustling city looking for the best museums or trekking through an isolated area and in need of urgent help, Thuraya One customers are always connected. Additionally, integrating cellular and satellite connectivity into one eliminates the need to purchase additional dedicated satellite equipment when traveling to remote locations. The Thuraya One smartphone will be showcased at the Space42 stand at the Mobile World Congress (MWC) in Barcelona, the world's largest connectivity event, between 3 and 6 March 2025. Redefining Everyday Connectivity Traditional phones rely on cellular towers for connection. However, Thuraya One blends cellular and satellite connectivity into one device, eliminating the need for users to carry multiple devices to stay connected in remote areas. In a familiar and lightweight form, Thuraya One has dual SIM and dual-mode functionality, enabling users to seamlessly switch between cellular and satellite networks. The smartphone can also be used with mobile operator SIM cards from any of the 370+ Thuraya Roaming Partners, allowing customers to use only one SIM card for cellular and satellite calls and messages. Ali Al Hashemi, CEO of Yahsat Space Services, Space42, said, 'Staying connected is no longer a convenience, it is a necessity. Thuraya One delivers seamless, secure, and reliable connectivity anywhere, pushing what is possible in mobile communication. With this advanced capability, we are accelerating our position as a Non-Terrestrial Networks operator and executing our Direct-to-Device strategy to bring uninterrupted connectivity to billions of people and devices worldwide.' Dependable and Cutting-Edge Hardware Thuraya One combines the functionality of a cellular Android 14 smartphone with the power of satellite connectivity. It has a durable 6.67' AMOLED display for immersive visuals and a Qualcomm Octa-core Kryo processor for smooth performance. The smartphone also has an advanced camera system with three rear cameras, a 50MP primary lens, and a front-facing camera for exceptional photography. It is built to provide reliability with an IP67 rating, making the smartphone dust and waterproof. With a fast-charging and long-lasting battery, users can also enjoy up to 26 hours of talk time in 5G mode, making it ideal for extended use in the field. Availability Thuraya One is now available through Thuraya's network of over 140 service partners and distributors across the globe. For further details or purchase inquiries, please visit [ ABOUT SPACE42 Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics, and artificial intelligence capabilities to enlighten the world from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. The Yahsat Space Services unit focuses on upstream satellite operations for both fixed and mobility satellite solutions. The Bayanat Smart Solutions unit integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Space42's major shareholders include G42, Mubadala, and IHC. For more information, visit: LinkedIn: Space42ai Instagram: Space42ai X: Space42ai Contact: Media@ Legal Notice and Cautionary statement regarding forward-looking information This announcement may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, words such as "expect," "will," "looking ahead," and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties, and assumptions about the Company, its subsidiaries, and its investments and speak only on the date of this announcement. Forward-looking statements are based on assumptions of future events and information currently available to the Company, which may not prove to be accurate, and the Company does not accept any responsibility for the accuracy or fairness thereof and expressly disclaims any obligation to update any such forward-looking statement. No representation or warranty is made so that any forward-looking statement will come to pass. You are, therefore, cautioned not to place any undue reliance on forward-looking statements. Neither this announcement nor anything contained herein constitutes a financial promotion or an invitation or inducement to acquire or sell securities in any jurisdiction.
