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NetScientific land €7.3mln space agency contract for investee company Sofant Technologies
NetScientific PLC (AIM:NSCI) (NetScientific PLC (AIM:NSCI)) Dr Ilian Iliev joins Proactive London to talk about their investee company Sofant Technologies signing a €7.3mln contract with the UK and European space agencies.
Sofant, a specialist in 5G communications that develops antennas, will help commercialise a low-cost, low-power satellite communications platform.
He says this deal further demonstrates the strength of NetScientific’s investment thesis – combining their capital light investment approach with access to non-dilutive public funding in high-impact sectors.