Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed Network

OTTAWA, CANADA, and REHOVOT, ISRAEL - November 4, 2024 - Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. ("SatixFy") (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network.

Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between the Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing Stations. The Telesat Lightspeed constellation is designed to deliver global, high-speed, low-latency broadband connectivity for enterprise and government organizations. The total agreement amounts to US$39 million, which includes equipment and non-recurring engineering charges, of which US$5 million was paid to SatixFy in a prior financial reporting period.

"SatixFy's expertise in developing end-to-end next-generation satellite communications systems makes them an invaluable partner as we continue pushing towards the launch of the Telesat Lightspeed Network," stated Aneesh Dalvi, Vice President for Telesat Lightspeed Systems Development. "Through this agreement, Telesat will be able to fully integrate its innovative LEO satellites with its global terrestrial network to deliver secure, resilient broadband capabilities that meet the mission-critical requirements of telecom, government and enterprise organizations."

"We value our strong and growing partnership with Telesat as they look to enhance global connectivity by providing faster and more reliable services to their customers," said Nir Barkan, Chief Executive Officer of SatixFy. "We are proud to be a critical technology supplier for the Telesat Lightspeed program and this agreement further strengthens our position as the leading provider of chipsets and equipment for the satellite communications industry. We look forward to continuing to expand our relationship with Telesat, as well as other leading satellite service providers and operators."