Sateliot announces launch of its functional nanosatellite

Sateliot has announced it’s set to launch its first functional nanosatellite in Q1 2023 aboard a SpaceX Falcon 9 rocket.

The nanosatellite telecommunications company says the move will speed up the adoption of IoT devices at a cheaper cost, with any eligible IoT device being able to connect. The technology will enable anyone with a standard 5G device to stay connected anywhere in the world and support the logistics, agriculture, maritime, energy utilities, transportation and environmental sectors.

Sateliot has launched two satellites and plans to launch more by the end of 2023. CEO Jaume Sanpera added that ”current Satcom technologies are amazing but too niche and expensive for the average user”, and that Sateliot’s 5G satellite network provides anyone with an IoT device to get a clear cellular signal.

“Our nanosatellite network will benefit everyone across every sector by granting access to coverage that’s just as robust on a yacht as it is in the most rural areas where traditional networks can’t reach,” said Sanpera.

Sateliot claims that its technology can help boost precision agriculture production from $250 billion to $500 billion by the end of the decade, with potential cost savings in other sectors.