LONDON, Jan. 15, 2019 /PRNewswire/ -- Boeing
[NYSE: BA] today announced its investment in Isotropic Systems
Ltd., a London-based startup
pioneering next-generation solutions to better connect people and
enterprises around the globe.
By taking advantage of optical beam steering, Isotropic's
innovative user terminals can simultaneously connect with several
different satellites without increasing cost or complexity. This
capability will help enable low-cost, mass-market broadband
connectivity for consumers and help companies meet growing demand
for satellite data, mobility and broadband services even in the
most remote places.
"Isotropic's solution allows for increased capabilities at
reduced costs for satellite service providers," said Brian Schettler, managing director of Boeing
HorizonX Ventures. "This investment accelerates the expansion of
space-based connectivity services to the mass market and continues
Boeing's leadership in space innovation."
Founded in 2013 by chief executive officer John Finney, a former founding member of O3b
Networks, Isotropic has redefined the approach to mass distribution
of satellite broadband through affordable infrastructure.
"With Boeing, we aim to connect individuals and enterprises on a
scale that has never been seen before," said Finney. "That legacy
of true global connection will define our generation."
Isotropic joins Boeing subsidiary Millennium Space Systems and
Boeing HorizonX Ventures portfolio startups Myriota, BridgeSat Inc.
and Accion Systems in advancing the company's satellite and
space-based capabilities. Isotropic is the second UK-based startup
to join the HorizonX portfolio, following Reaction Engines in
April 2018.
"This investment is another indication of the strength of the
UK's aerospace and technology sectors, and Boeing's commitment to
growing in the UK," said Sir Michael
Arthur, president of Boeing Europe and managing director of
Boeing UK and Ireland.
Boeing HorizonX Ventures led the Series A funding round with
participation from WML, Space Angels and Space Capital. This latest
investment will connect the Isotropic team with Boeing experts and
resources to help advance the development of its terminal
solutions.
Boeing HorizonX Ventures targets investments that help scale
startup innovation in aerospace. Its portfolio includes companies
specializing in autonomous systems, additive manufacturing, energy
and data storage, advanced materials, augmented reality systems and
software, machine learning, hybrid-electric and hypersonic
propulsion and Internet of Things connectivity.
Boeing is the world's largest aerospace company, the leading
manufacturer of commercial airplanes and defense, space and
security systems, and a major provider of commercial and government
aerospace services. A top U.S. exporter, the company supports
airlines and U.S. and allied government customers in more than 150
countries.
Contact
Vienna Catalani
Boeing Communications
Office: +1 425-237-7051
Mobile: +1 425-306-7012
Vienna.Catalani@boeing.com
Russ Oates
Boeing Communications
Office: +44 (0) 20 7340 1960
Mobile: +44 (0) 79 7968 4970
Russ.Oates@boeing.com
Jennifer Hoil
Isotropic Systems Ltd.
+1 703-534-7299
jennifer@isotropicsystems.com
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SOURCE Boeing