SatixFy Signs Over $10 Million in Further Agreements with MDA Space

SatixFy Communications Ltd. (“SatixFy” or the “Company”) (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-designed chipsets, announced the receipt of a purchase order from MDA Space Ltd. (TSE:MDA) (“MDA Space”) of approximately $6.7 million for engineering models and space-grade chips, alongside signing an amended Authorization to Proceed (“ATP”) agreement for an additional $3.5 million for engineering work and an amendment to the existing master purchase agreement between SatixFy and MDA Space.

These latest agreements build upon the previously announced $2 million ATP for engineering work, further strengthening SatixFy’s already significant collaboration with MDA Space. The additional engineering work is associated with the completion of the development and commencing deliveries of SatixFy’s advanced chipsets, a critical component for next-generation satellite communication networks.

Under the purchase order, SatixFy will provide engineering models and space-grade chips, which will be used for internal testing and assembly in MDA Space’s satellites. These advanced chips and digital beamformers will enable high-performance and power-efficient communication satellite solutions for MDA Space.

“We are very happy with this further expansion of our already strong collaboration with MDA Space,” said Nir Barkan, Chief Executive Officer of SatixFy. “We believe that these new agreements further build on our strong foundation and demonstrate the growing market demand for our advanced space-grade chips and digital beamforming technology.”

Mr. Barkan added: “These agreements solidify SatixFy’s role as a key enabler of next-generation satellite communications. Our solutions are very much at the heart of next-generation advanced satellite networks, supporting both LEO and GEO constellations that will define the future of global connectivity.”