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Ovzon receives order from Vodafone for continued SATCOM-as-a-Service to the Italian Fire and Rescue Services

Ovzon has received an order from the Italian Fire and Rescue Services for the company's SATCOM-as-a-Service solution through their new partner Vodafone Italia. The contract started on May 1, 2023 and is for a period of eight months. The order value amounts to 0.3 MUSD.In December 2021 Ovzon signed a contract with the company´s previous Italian distributor for the same end-customer, the Italian Fire and Rescue Services. As previously communicated, this distributor has had financial difficulties during 2022, resulting in bad debt provisions for Ovzon.  “With our new partner Vodafone Italia,

Ovzon continues to provide SATCOM-as-a-Service to the Colombian Government

Ovzon and its Colombian partner Bansat have been awarded an eight-month order to provide mobile satellite connectivity to the UDAPV (Attention Unit for Vulnerable Population), a department within the Colombian Civil Registry. The order value amounts to 0.33 MUSD (3.4 MSEK)The Colombian government and the UDAPV have previously used the Ovzon SATCOM-as-a-Service solution for different purposes and were very satisfied with the guaranteed connectivity, reliability, performance, mobility, and ease of use. Ovzon’s SATCOM-as-a-Service offering to the UDAPV includes satellite coverage, bandwidth,

Announcement from Ovzon's annual general meeting

The annual general meeting 2023 (the "AGM") of Ovzon AB (publ) ("Ovzon" or the "Company") was held today on 20 April 2023 and the following resolutions were passed by the meeting. Adoption of the income statement and the balance sheet The AGM resolved to adopt the income statement and the balance sheet in Ovzon and the consolidated income statement and the consolidated balance sheet. Allocation of profit The AGM resolved not to pay any dividend to the shareholders and that the previously accrued profits, including the share premium account and year result would be carried

Ovzon receives a 4.8 MUSD order for SATCOM-as-a-Service from a European customer

Ovzon has received a 4.8 MUSD (50 MSEK) order to provide three months of Ovzon’s integrated SATCOM-as-a-Service for a European customer. The order also includes Ovzon On-The-Move (OTM) terminals.Ovzon’s SATCOM-as-a-Service offering to this customer includes a high throughput satellite network, OTM mobile satellite terminals, gateway services and 24/7/365 customer support. The deliveries of the Ovzon OTM terminals are through a new terminal supplier SkyComm. “The combination of performance, mobility and resiliency makes Ovzon SATCOM-as-a-Service ideal to support the world’s most critical

Ovzon Interim Report January–March 2023

Eventful start to 2023January–March 2023 · Revenue totaled SEK 57 million (100). Adjusted revenue totaled SEK 57 million (97) · Operating profit/loss totaled SEK -23 million (-18). Adjusted operating profit/loss totaled SEK -34 million (18) · Profit/loss after tax totaled SEK -19 million (-12) · Earnings per share totaled SEK -0.37 (-0.23) · Cash flow for the period totaled SEK -72 million (-96) Significant events during the quarter · Announcement regarding the delay of the launch of Ovzon 3, and switch to SpaceX as launch partner · Carried out a directed share

Ovzon expands its offering with partner Nigma Conseil through a follow-up order

Ovzon expands its On-the-Move (OTM) SATCOM-as-a-Service offering with the partner Nigma Conseil through an initial order at a value of MUSD 0.6. The order includes both industry-leading OTM terminals and dedicated solutions development and support.Ovzon received its first order from Nigma Conseil in December 2022 with an order value of MUSD 1. This follow-up order demonstrates Nigma’s dedication as a valued partner in bringing Ovzon solutions to customers with demanding and critical missions. The deliveries contain the newest variants of Ovzon’s OTM terminals, including technology and

International Telecommunications Union extends regulatory filings for Ovzon 3 orbital position

The Radio Regulations Board (RRB) of the International Telecommunications Union (ITU) has on March 27, 2023, announced their approval of an extension of the regulatory time limits to Bring Into Use (BIU) the regulatory filings for the orbital position intended for the Ovzon 3 satellite.The RRB has extended the BIU time limit to December 31, 2023, which allows Ovzon to continue planning for the placement of the Ovzon 3 satellite in the 59.7° East orbital position. The extension is required in view of the previously announced (Feb 3, 2023) rescheduling of the Ovzon 3 launch. This supports a

Announcement from Ovzon's extra general meeting

The extra general meeting (the "EGM") of Ovzon AB (publ) ("Ovzon" or the "Company") was held today on 3 March 2023 and the following resolutions were passed by the meeting.Resolution regarding share issue The EGM resolved to approve the board of directors' resolution to issue a maximum of 4,494,382 shares, without preferential rights for the Company's shareholders as follows: The total increase of the Company's share capital can amount to a maximum of SEK 449,438.20. The subscription price for the new shares shall be SEK 44.50 per share, which is based on the price determined in a

Ovzon selected as top 10 hottest companies in the satellite industry

The satellite industry’s prominent news and expert business analysis provider Via Satellite, has selected Ovzon as one of the top 10 hottest companies in the satellite industry.For the fifth year, Via Satellite’s 10 Hottest Companies list highlights the “must watch” companies providing satellite communications, ground systems, manufacturing, imagery, sensing, and launch services. Via Satellite editors chose the companies on this list based on their expected activity for the year, and a mix of market share, transformational technology, ground-breaking deals, and overall industry excitement.

Year-end report, January–December 2022

Record quarter and eventful start to 2023January–December 2022 · Revenue increased to TSEK 356,993 (191,378) · Operating profit/loss amounted to TSEK -46,958 (-113,383) · Profit/loss after tax amounted to TSEK -2,079 (-83,854) · Earnings per share amounted to SEK -0.04 (-1.78) · Cash flow for the period amounted to TSEK -161,291 (208,880) · The Board of Directors proposes that no dividend be paid for the financial year 2022 October–December 2022 · Revenue increased to TSEK 101,109 (73,209) · Operating profit/loss amounted to TSEK -8,685 (-29,030) · Profit/

Invitation: Release of Ovzon's fourth quarter and full year 2022 results

Ovzon’s interim report for the fourth quarter and full-year 2022 results will be published at 08:00 CET on February 21, 2023. A webcast telephone conference will be held at 14:00 CET on the same day.The webcast, where CEO Per Norén and CFO Noora Jayasekara will present the report, can be followed through the following link: https://onlinexperiences.com/Launch/QReg/ShowUUID=088D4C9E-2761-48B9-89DB-A2FFBED2E559 The presentation material will be published on the website before the conference starts at the Company’s website: https://www.ovzon.com/en/event/full-year-report-january-december-

NOTICE OF EXTRA GENERAL MEETING IN OVZON AB (PUBL)

The shareholders of Ovzon AB (publ), reg. no. 559079-2650, (the "Company") are hereby invited to the extra general meeting on Friday 3 March 2023 at 10.00 CET at Anderstorpsvägen 10 in Solna. Right to attend and notification Shareholders who wish to attend the extra general meeting must: i. on the record date, which is Thursday 23 February 2023, be registered in the share register maintained by Euroclear Sweden AB; and ii. notify the company of their participation and any assistants (no more than two) in the extra general meeting no later than Monday 27 February 2023. The

Ovzon announces intention to carry out a directed share issue

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO THE IMPORTANT INFORMATION AT THE END OF THIS PRESS RELEASE.INSIDE INFORMATION: Ovzon AB (publ) (“Ovzon” or the “Company”) hereby announces its intention to carry out a directed share issue of shares,

Ovzon - Preliminary Q4 2022 Financial figures

Today Ovzon AB announced a delay in the finalization and launch of the company’s first satellite Ovzon 3, as well as a plan for financing to complete and conclude the production and launch of the satellite. In connection with this, the company has decided to publish the preliminary overall financial development for the fourth quarter 2022 ahead of its full year-end report. Selected key figures are presented below with comparative figures for the corresponding period in 2021 in brackets. Ovzon will publish the full financial report for the fourth quarter and full year 2022 on February 21, 2023.

Ovzon secures additional debt and receives interest for equity financing

Ovzon AB has secured additional financing, to finalize and launch the Ovzon 3 satellite, by increasing the current loan facility with P Capital Partners from USD 60 million to USD 65 million and through confirmed interest from several major shareholders, including Öresund, Bure, Handelsbanken Fonder, Fourth AP-fund and AFA Försäkring, to subscribe for SEK 200 million in an equity issue.Today, in a separate press release, Ovzon announced the delay of the Ovzon 3 satellite and the subsequent shift to SpaceX as launch provider. As a consequence, Ovzon estimates an increased cost of the Ovzon 3

Ovzon reschedules the launch of Ovzon 3 and selects SpaceX as the launch provider

Ovzon AB has been informed by the satellite manufacturer Maxar that there will be additional delays in the finalization of the satellite Ovzon 3. To accommodate an updated launch window, Ovzon has also shifted launch provider to SpaceX with liftoff on a Falcon 9 rocket targeted between July and September 2023.Due to the delays in the production of the Ovzon 3 satellite, the company has been engaged with the current launch provider Arianespace to find a new launch opportunity, which Arianespace ultimately could not accommodate. Accordingly, Ovzon has finalized an agreement with SpaceX to

Ovzon receives first SATCOM-as-a-Service order from Spain

Ovzon has received its first order for Ovzon’s SATCOM-as-a-Service from Spanish partner Aicox Solutions.The order is for Ovzon’s SATCOM-as-a-Service Plus solution, a fully integrated solution that includes satellite bandwidth, Ovzon T6 mobile satellite terminals, commercial internet, gateway access, terrestrial backbone connectivity, and 24/7 customer service and support. The order is for an initial test and validation phase for a demanding customer in the Civil Protection sector. Aicox Solutions, with whom Ovzon has cooperated since 2021, offers customized advanced technical and

Ovzon receives 1 MUSD order from its new French partner Nigma

Ovzon has received a 1 MUSD order for Ovzon’s SATCOM-as-a-Service from our new French partner Nigma Conseil SAS.The demand for high-performing, mobile and resilient satellite communications is increasing rapidly throughout the world. Ovzon’s industry-leading SATCOM-as-a-Service solution is uniquely suited for organizations where communications are paramount to the success of critical missions in the most remote locations or when terrestrial infrastructure is unavailable. Nigma Conseil provides world-class Communications Solutions, Security, Business Intelligence, and Digital Security

Ovzon receives an order worth 10 MSEK from Swedish Space Corporation for Ovzon's SATCOM-as-a-Service

Ovzon has today received, via their new partner Swedish Space Corporation (SSC), a first order for Ovzon’s SATCOM-as-a-Service. The initial contract covers a period during the first half of 2023.Ovzon’s SATCOM-as-a-Service is the markets leading integrated solution. It combines Ovzon’s ultra-small mobile satellite terminals, highly resilient and high-performance satellite networks, and the best-in-industry service and support from Ovzon’s Network Operations Center (NOC). With this contract, Ovzon deepens its collaboration with SSC, which acts both as the main party in the dialogue with

Ovzon CEO, Per Norén, interviewed by Via Satellite

In this interview with ViaSatellite our CEO, Per Norén , shares Ovzon’s plans to continue to deepen relationships with customers, expand into new markets coupled with new advanced technologies and applications including the launch of Ovzon 3. Ovzon 3 is an entirely new class of communications satellite that forever changes the way we think about mobility, performance and resiliency. Per Norén  explains how Ovzon delivers industry leading Satcom-as-a-

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