The first Dutch commercial satellite operator, an Amsterdam based start-up, has developed new technology enabling organisations worldwide to “simply monitor everything”.
Magnitude Space claims that its Magnitude Space Network will offer global coverage in a world-first for affordable connectivity offered everywhere and can globally support the improvement of yields in agriculture, more sustainable fishing, reducing the effects of climate change or optimising logistics.
The first customers of the connectivity platform have signed up and the start-up has raised just over US$ 1 million for the commercial roll-out.
Dutch partners are developing the system in close cooperation with the European Space Agency (ESA).
The first satellite will be launched end of 2017.
Magnitude Space will then aim to provide the first customers with the full benefits of the system by early 2018.
Ernst Peter Hovinga, CEO of Magnitude Space, said: “Our solution is breaking new ground. Conventional networks like GSM cover only 10% of the surface of world.
“We can help organisations make a positive impact by enabling them to get direct insights from anything wherever, whenever.”