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- Netlinkz (NET) has signed an agreement with SpaceX to become a non-exclusive global reseller of the Starlink satellite based high-speed, low-latency broadband internet
- The agreement will create a direct channel to market for the company’s proprietary network solution, the virtual secure network (VSN) with no minimum term to it
- Sale of the bundled service will start mid December 2022 for Australia and New Zealand, with other markets to follow in late 2023 via Netlinkz’s distribution network
- The company is fully funded to commence a December 2022 rollout, with revenue expected to commence in January 2023
- Shares in Netlinkz are up 9.38 per cent, trading at 3.5 cents as of 2:59 pm AEDT
Netlinkz (NET) has signed an agreement with Space Exploration Technology (SpaceX) to become a non-exclusive global reseller of the Starlink satellite based high-speed, low-latency broadband internet.
The agreement will create a direct channel to market for the company’s proprietary network solution, the virtual secure network (VSN) with no minimum term to it.
By bundling the VSN with Starlink, end users are provided with a fully encrypted invisible private network for all devices connected to the network that access the internet.
This will provide enterprises, governments, rural and indigenous communities with enhanced security as protection against growing cybercrime without compromising the network performance.
“The SpaceX Starlink distribution agreement enables Netlinkz to implement its sales strategy faster with a significantly larger footprint,” Netlinkz CEO James Tsiolis said.
“Starlink internet services will allow Netlinkz to integrate its own invisible private networks product -VSN, with Starlink’s advance satellite technology to bypass barriers posed by traditional, outdated and often limited telecommunication infrastructures.”
The company intends to target sales to rural and remote businesses offering a bundled service that provides access to reliable fast and secure internet in rural and remote areas.
Sale of the bundled service will start mid December 2022 for Australia and New Zealand, with other markets to follow in late 2023 via Netlinkz’s distribution network.
The company is fully funded to commence a December 2022 rollout, with revenue expected to commence in January 2023.
The company will generate revenue streams from hardware sales, service, and licensing
fees.
Shares in Netlinkz were up 9.38 per cent, trading at 3.5 cents as of 2:59 pm AEDT.
