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Fleet targets growing nanosatellite market for IoT connectivity

Nano satellites look tailor-made for IoT applications where connectivity is required in remote areas unserved by cellular or any other terrestrial wireless service, with primary candidates being marine, environmental monitoring and global asset tracking. The attraction is that nanosatellites are relatively inexpensive to launch, costing millions rather than hundreds of millions of dollars each, while supporting less complex up linking that can be integrated more readily into smaller IoT devices, such as private fishing vessels, asset trackers or even potentially life jackets to communicate precise location. Even a few million dollars per launch is a lot of money for a start-up though and that coupled with logistical complexities and the time it would take to establish adequate coverage make it…

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