During 2023, Ovzon focused its strategic plan for the coming years. The company’s strategic targets can be divided into four parts:
1. Operational implementation
Service based on leased satellite capacity
Ovzon’s existing service is based on leased capacity from a number of external satellite operators in combination with Ovzon’s proprietary mobile satellite terminal technology and integrated service offerings; SATCOMas-a-Service. The main focus in 2023 has been on finalizing the Ovzon 3 satellite, Ovzon On-Board-Processor and the launch of the Ovzon T7 mobile satellite terminal alongside increased and close customer dialogue and delivering on contracts and customer commitments. Ovzon continues to scale-up the business and drive industrialization, advance product development and further enhance the company´s world leading customer delivery, customer support and customer service. Ovzon focus on Government markets, foremost military and civil defense as well as national security and public safety. The US market has always been core to Ovzon and the European market is rapidly growing and will be a focus for Ovzon for 2024 and beyond.
2. Planned measures, 1–3 years
Recurring revenue, profitable and scalable growth
In 2024, the company will continue the activities that begun in 2023. The company’s first proprietary satellite, Ovzon 3, will considerably increase performance in the company’s unique integrated service offerings for guaranteed connectivity driven by performance, mobility and resiliency. Ovzon 3 will also expand coverage areas with improved and efficient bandwidth. Interest in the new functionality is significant. In the next few years, the company will focus on sales, business development and targeted marketing to achieve full utlization of Ovzon 3. SATCOMas-a-Service is the core of Ovzon’s offering, which will generate recurring revenue and scalable growth. The company will continue to focus on direct sales, as well as on an expanded network of partners for sales, deep customer interactions, service and support. Connectivity with the highest availability, performance, mobility and resiliency are critical requirements from the customers and in Ovzon’s favor. The company´s innovative services and solutions will be clearly positioned and guaranteed connectivity and a premium service makes a significant difference.
3.Strategic plan, 2–5 years
Service based on own satellite capacity
Ovzon’s strategic goal is to offer integrated satellite communications solutions with the highest performing satellite networks to the smallest and most resilient mobile satellite terminals. Ovzon develops and delivers proprietary satellite, payload and mobile satellite terminal technology designed to deliver the highest performance. The company’s five-year plan goes hand in hand with the measures previously described, and can be grouped into f ive building blocks:
- Integrated solutions
- Global satellite networks
- Mobile satellite terminals
- Global and sovereign gateways
- Customer delivery, service and support
4. Long-term vision
Connecting the world’s critical missions via satellite
Ovzon’s long-term vision is to provide its customers with a fleet of proprietary satellites that makes Ovzon a leading provider of satellite-based mobile communication. Ovzon’s plan is to drive growth via a step change in expansion, and the company already has orbital positions that ensure future global coverage. The company currently has ten orbital positions registered with the International Telecommunication Union (ITU). Ovzon provides the smallest and lightest mobile satellite terminals for satellite-based communication in the market – a position the company intends to preserve and strengthen. A fleet of Ovzon-owned satellites equipped with the company’s technology, which could be mixed with leased capacity for improved coverage, forms a solid base for this..