Isotropic Systems, a leading developer of transformational broadband terminal technologies in London, has recently announced securing funds of USD 40 million from the UK Government and industry leaders in telecommunication and aerospace sector. As per reliable reports, the funding would help the company gain necessary capital to develop its revolutionary multi-beam antennas.
Speculations have it that SES led the funding round along with participation from Boeing HorizonX Global Ventures, Orbital Ventures, Firmament Ventures, and Space Angels. Moreover, through this funding, Isotropic plans to accelerate its production phase in time to support new satellites and constellation ahead of its launch in 2022.
Besides, the company is also seeking to establish a 20,000 square feet technology and testing facility near its HQ in the UK, while anticipating to create additional 150 skilled engineering jobs in the nation over the span of the next two years.
Commenting on the recent accomplishment, Founder and CEO of Isotropic Systems, John Finney, cited that Isotropic Systems is well-placed to unveil modern-day multi-orbit, high-powered connectivity with its next-generation multi-beam antenna.
This novel launch is expected to allow the organization to attract world class investment support from its industry, enabling it to unlock considerable export revenue for the country’s economy and across the satellite sector.
He added that as the company expands its team, collaborative partnerships and capabilities, it will eventually support tech innovations in the country to solve connectivity challenges across an expansive range of fundamental vertical and geographical markets worldwide.
Meanwhile, the United Kingdom Science Minister, Amanda Solloway MP stated that as the space sector in the UK is expanding at an unprecedented pace, the organization is looking forward to supporting companies like Isotropic Systems to tap into the benefits of space technology.
He further mentioned that funded by the UK government, the newly unveiled multi-beam antennas would enhance connectivity for every citizen in the country, and also for emerging technologies like driverless cars, in turn creating about 150 jobs in the nation to build a better place.
Source Credit: https://www.prnewswire.com/news-releases/isotropic-systems-secures-over-40m-in-funding-to-accelerate-growth-and-development-of-unique-multi-beam-antenna-ahead-of-2022-launch-301223806.html