In the wake of the pandemic with global component shortages and logistical problems as a result, we observe that many satellite programs have been delayed. Additionally in our case, the final assembly and dynamic testing of the satellite, along with the intricate modeling pertaining to the change of launch vehicles, is taking longer than initial plans and projections.
At present, it is premature to provide a definitive assessment; however, we are actively evaluating the situation. Our primary objective is to finalize and expedite the launch of the satellite. Naturally, as with any company, we must continually assess our processes and endeavors. Our perspective is that the external circumstances have regrettably been adverse, both the pandemic and supply-chain issues, introducing a multitude of challenges for the industry as a whole.
In our report for the third quarter 2023, we state that the investments up to the balance day has amounted to 1,8 billion SEK. Additionally, the report indicates forthcoming investments during Q4 and Q1 in connection with Ovzon 3. That includes insurance and final fee to SpaceX among other things.
The rescheduling in question does not have an impact on Ovzon’s current commercial activities, nor the ongoing delivery of Ovzon SATCOM-as-a-Service supporting customers around the world. The operational and commercial model for Ovzon 3 remains solid and unaffected.
Yes the Radio Regulations Board (RRB) of the International Telecommunications Union (ITU) has announced their approval of an extension of the time limits to Bring Into Use (BIU) the regulatory filings for the orbital position intended for the Ovzon 3 satellite.
Read more here: https://www.ovzon.com/en/international-telecommunications-union-extends-regulatory-filings-for-ovzon-3-orbital-position-2/
We have decided to make further provisions for bad debt on the remaining receivable of 7 MSEK from our former Italian distributor, who during the quarter deviated from the agreed payment plan. After this provision for bad debt, there is no further accounting exposure against the former distributor. With this, we have also taken legal actions.
We have successfully secured leased capacity, and our satellite network possesses the flexibility necessary to accommodate significant contracts on short notice, which serves as a distinct competitive advantage for us.
The adjustment in outlook is due to changed prospects attributable to long sales cycles for new business, and ongoing negotiations that are currentlyless likely to generate significant revenue before the end of 2023. It is worth noting that we haven’t lost any customers and/or procurements during the quarter, but new sales pursuits have been extensive and taken longer than anticipated compared to our assessment earlier this year.
In terms of the order value, this should be viewed as a fresh start with a cooperation with Vodafone. The end customer receives a solution that can be easily expanded with additional terminals, broader and stronger networks etc. The end customer has a significant need for the service but currently lacks the necessary funds.
The Ovzon T7 mobile satellite terminal has been specifically designed for utilization in with Ovzon’s forthcoming proprietary satellite, Ovzon 3. This satellite is equipped with Ovzon’s internally developed On-Board-Processor (OBP). The combination of these cutting-edge technologies in the mobile satellite terminal, the satellite (Ovzon 3), and Ovzon On-Board-Processor (OBP) presents remarkable possibilities in terms of capability, resiliency and functionality alongside a higher degree of mobility, and high-rate data transmission. Notably, the Ovzon T7 incorporates a feature that can conceal signals emitted from the mobile satellite terminal, rendering it imperceptible to other users in close proximity.
You should buy the Ovzon service if you require a reliable mobile broadband service with guaranteed throughput. The Ovzon services are available with On-The-Move and Manpack terminals. The Ovzon Hero service is a flexible and customized solution that can meet changing throughput demand over time.
The services come with the highest data throughput together with high availability, and with the smallest mobile terminals on the market. The result is the lowest terminal weight per Mbps to be handled in the field, i.e. the combined CIR data throughput in both transmit and receive direction per terminal weight can be as high as 20 Mbps/kg (9 Mbps/Lb).
Each GEO satellite can cover up to approximately 40% of the earth’s surface excluding north and south poles. Ovzon services are normally provided for one specific geographical area with the option of additional geographical areas.
The T6 adjusts the polarization offset automatically, which means that the user is only required to adjust the antenna in azimuth and elevation with guidance from the T6 GUI, i.e. the handling is very similar to setting up a BGAN terminal.