Spain-based Sateliot is coming to America, specifically to San Diego at the end of the year to join the EvoNexus accelerator sponsored by Qualcomm and Verizon. The EvoNexus accelerator would appear to be a perfect fit for the company with 5G & IoT one of three focus areas for the organization.
“Our entry into this type of project opens up new avenues for growth, financing and technological capacity, while at the same time connecting us with strategic stakeholders around the world that will be key to the evolution of our technology and our business plan,” said Jaume Sanpera, CEO of Sateliot.
Sateliot will join six other companies at the incubator, working with mentors and getting exposure to the U.S. venture community. Incubator participants will work in developing 5G uses cases with strategic partners in their various areas of expertise.
This isn’t the first incubator program Sateliot has been involved in. The company has also worked with Seraphim’s Space Camp in the UK and Singapore Space & Technology (SSTL) startup accelerator program, giving it exposure to investors and firms in Europe and Asia.
Sateliot is one of several firms planning to use low Earth orbit (LEO) satellites to communicate with NB-IoT devices on the ground, providing extending data coverage for NB-IoT devices outside the reach of terrestrial cellular networks.
The company launched its first satellite earlier this year onboard a March Soyuz rideshare, a 3U cubesat pathfinder put into low Earth orbit (LEO) designed to verify the ability to talk to terrestrial NB-IoT devices. Sateliot plans to put two more pathfinders into space by the end of the year and have up to 16 satellites into orbit in the 2022-2013 timeframe.
A 3GPP formal standard for non-terrestrial networks – satellites and drones – will be a part of Release 17 which is currently expected to be finalized in the middle of 2022 and formally rolled out in 2023. Geosynchronous earth orbit (GEO) satellites are expected to provide up to tens of Kbps data rates while lower flying LEO satellites could provide hundreds of Kbps of usable bandwidth for LTE-M and NB-IoT when a satellite is overhead.