Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider
of innovative application-specific semiconductors and systems for
the IoT, announced it is engaging with the European Space Agency
(ESA) through the agency’s ARTES Competitiveness and Growth
(C&G) program to develop technologies for next-generation
mobile satellite communications. The initiative is focused on
technology developments for the Ku and Ka frequency bands, which
provide higher bandwidth communications for applications such as
commercial aviation broadband, satellite mobile broadband, and
residential broadband enabled by full digital
beamforming.
Under the co-funded contract, Adesto will develop
innovative technologies including a new receiver architecture, IP
blocks for satellite and 5G millimeter wave frequencies, a new
Analog to Digital Converter (ADC), and unique discrete time analog
filtering. Based on these complementary technologies, as a
follow-up of the activity, Adesto will develop an ASIC product that
its customers can use to create configurable satellite terminals
with full digital beamforming capabilities and support for multiple
satellite networks, including Geostationary Equatorial Orbit (GEO),
Medium Earth Orbit (MEO) and Low Earth Orbit (LEO).
The new agreement follows a successful initiative
that was co-funded by the ESA and supported by a leading mobile
satellite communications services operator, through which the
Adesto team (as S3 Semiconductors) initiated the design of an
innovative transceiver architecture and associated IP blocks
supporting L-Band frequencies. The development was then carried out
by Adesto, and end products based on this technology are shipping
now targeting areas such as satellite phones, low data rate
applications and satellite IoT applications such as asset
tracking.
As it ramps up for the new initiative and other
commercial engagements, Adesto is looking to expand in Ireland,
with open positions in its Cork and Dublin locations, including
those for senior engineering roles.
Supporting Quotes
“We’re delighted to collaborate with the European
Space Agency to create innovative technologies that will provide a
foundation for delivery of future broadband services. Our team has
deep expertise in developing and delivering ASICs for satellite
communications, with commercial deployments through multiple
providers. We can leverage the new funding to continue to build our
IP portfolio in this area, addressing growing customer needs. We
can further expand our opportunity by accelerating time to market
for our ASICs. The technology also fits well with our roadmap for
standard product development.”
– Dermot Barry, VP and General Manager, ASIC and
IP Division, Adesto
“Through the ARTES Competitiveness & Growth
programme, we work with ESA member states’ industry on creation of
technologies, products, applications, and services that serve as
building blocks for maintaining and improving the competitiveness
of the ESA member states’ satellite communications industries.
Given the success of our previous engagement with Adesto and its
wealth of experience in this area, we are confident that this new
development will lead to commercial success for Adesto and its
customers.”
– Domenico Mignolo, Head of Ground Segment
Technology & Products Section, Directorate of Telecommunication
and Integrated Applications, European Space Agency
“With a focus on embracing innovation,
technological change and enhancing skills, Adesto’s engagement with
ESA will support Ireland to achieve the ambitions of Future Jobs
Ireland. This new activity also aligns with the National Space
Strategy for Enterprise 2019-2025, supporting the development of an
economically sustainable and expanding space-active industry in
Ireland. As Adesto continues to expand its Irish operations in Cork
and Dublin, this new initiative with ESA should lead to the
creation of new high-value R&D and engineering jobs, building
on the continued investment by the Irish Government in ESA.”
– John Halligan T.D., Minister of State for
Training, Skills, Innovation, Research and Development
“I would like to congratulate Adesto on this joint
initiative with the ESA. This project aligns with Enterprise
Ireland’s strategy for ESA, by supporting innovative Irish
operations to develop leading-edge space technologies and to
benefit commercially from their ESA participation, leading to
increased export sales and employment in Ireland.”
– Tony McDonald, Programme Manager, Enterprise
Ireland
“Adesto is a key member of the semiconductor
ecosystem in Ireland; its presence demonstrates the value of a
strong domestic innovation environment. IDA Ireland is delighted to
support Adesto’s continued growth here and we look forward to
seeing the outputs of its partnership with the European Space
Agency (ESA).”
– Donal Travers, Head of Enterprise Technology in
IDA Ireland
About the European Space AgencyThe
European Space Agency (ESA) is Europe’s gateway to space. Its
mission is to shape the development of Europe’s space capability
and ensure that investment in space continues to deliver benefits
to the citizens of Europe and the world. ESA is an international
organisation with 22 member states. By coordinating the financial
and intellectual resources of its members, it can undertake
programmes and activities far beyond the scope of any single
European country.
ESA’s role is to draw up the European space
programme and carry it through. ESA's programmes are designed to
find out more about Earth, its immediate space environment, our
Solar System and the Universe, as well as to develop
satellite-based technologies and services, and to promote European
industries.
ARTES is the ESA programme to support European
industry to develop advanced satellite communications technologies,
systems, services and applications. Ireland is a significant
contributor to the ESA ARTES programme with over 30 Irish companies
having benefited from ESA ARTES programme support to date.
About Adesto Technologies
CorporationAdesto Technologies Corporation (NASDAQ:IOTS)
is a leading provider of innovative application-specific
semiconductors and embedded systems for the IoT. The company’s
technology is used by more than 5,000 customers worldwide who are
creating differentiated solutions across industrial, consumer,
medical and communications markets. With its growing portfolio of
high-value technologies, Adesto is helping its customers usher in
the era of the Internet of Things. See: www.adestotech.com.
Follow Adesto on Twitter.
Adesto and the Adesto logo are trademarks or
registered trademarks of Adesto Technologies Corporation or its
subsidiaries in the United States and other countries. Other
company, product, and service names may be trademarks or service
marks of others.
Adesto Technologies Media
Contact:Jen Bernier-Santarini+1
650-336-4222jen.bernier@adestotech.com
Adesto Technologies Investor Relations:Leanne
K. Sievers Shelton Group949-224-3874sheltonir@sheltongroup.com
Adesto Technologies (NASDAQ:IOTS)
Historical Stock Chart
From May 2024 to Jun 2024
Adesto Technologies (NASDAQ:IOTS)
Historical Stock Chart
From Jun 2023 to Jun 2024