An Israeli space startup promises that its second satellite will offer a lot in a small package.
NSLComm’s newly announced NSLSat-2 will eventually form part of a network of nanosatellites meant to monitor assets from space in many industries, such as oil, shipping and agriculture. NSLSat-2 will launch within six months, joining another satellite called NSLSat-1 that flew to orbit in July.
Despite its small size, the new satellite has proprietary technology allowing the antenna to store up neatly during launch, saving on mass and volume requirements and thus reducing launch costs. And once it deploys in orbit, NSLSat-2 can monitor sensors embedded in shipping containers or on oil pipelines, creating a vast tracking network based on the Internet of Things.
The company’s fabric-like, foldable antenna is supposed to provide high-throughput communications for small satellites that is a hundredfold better than what is available on the market. NSLComm’s approach is meant to provide bandwidth relief in a market that is already becoming saturated with devices, especially as the use of the Internet of Things expands.
NSLComm also has demonstrated interest from investors. It further announced a multi-million dollar contract with an undisclosed “major multinational corporation”, adding on to money provided from its growing investor list (which includes supporters such as highly active Israeli venture firm OurCrowd, and the Israel Space Agency.)
“We believe that as a new-space company, we need to launch every few months, and the new contract demonstrates this approach,” said Raz Itzhaki, NSLComm’s co-founder and CEO, in a statement. “By 2022, we will already have multiple satellites in space. The natural next step would be teaming up to launch a constellation.”
As a startup, NSLComm only discloses a portion of its financial status to the public. The company has raised at least $16 million as of July 2019, including $12 million from venture capitalists, according to TechCrunch.