EOS Defense Systems USA to acquire Audacy’s business, license

SAN FRANCISCO – EOS Protection Methods USA, a subsidiary of Electro Optic Methods Holdings Ltd. of Australia, plans to ascertain a space-based communications relay community with Audacy’s spectrum license.

EOS Protection Methods plans to pay roughly $10 million Australian {dollars} (about $6.76 U.S. {dollars}) to amass Audacy’s enterprise, belongings and license. The Huntsville, Alabama, agency has filed a request with the Federal Communications Fee to take management of Audacy’s license to make use of parts of the microwave spectrum for communications with satellites, house autos and floor terminals. EOS Protection Methods additionally will file for overview of the acquisition with the Committee on Overseas Funding in the USA.

“Following completion of this acquisition EOS will have the ability to construct a satellite tv for pc community that may present a complete, end-to-end communications and knowledge switch service to authorities and industrial clients globally by way of a brand new constellation of EOS satellites in mid-Earth orbit,” John Berry, chairman of EOS Protection Methods and former U.S. ambassador to Australia, mentioned in an announcement. “We’re assured of attaining all obligatory milestones required by the spectrum licenses granted to Audacy Company together with a requirement to construct and launch satellites that may obtain a functionality in house by June 2024.”

Silicon Valley startup Audacy, based in 2015, obtained an FCC spectrum license in 2018. Audacy closed in 2019 after failing to acquire further financing for its plan to ascertain a three-satellite relay community.

EOS Protection Methods centered till just lately on establishing a U.S. manufacturing of its mother or father firm’s remotely managed weapon methods and merchandise designed to counter pilotless aerial methods. In 2019, EOS Protection Methods started broadening its portfolio so as to add U.S. house, missile protection and house communications work.

EOS Holdings Ltd., an organization listed on the Australian inventory change, “has a longtime house communications enterprise with superior applied sciences for each microwave and optical communications,” in keeping with a Jan. 27 information launch. “In the long run, EOS expects most house communications to be applied with optical communications – a know-how that isn’t regulated or managed as a result of it can not intrude with different customers. Nevertheless, 99% of all house communications presently employs microwave know-how, with current sunk prices utilizing this know-how of round $1 trillion.”

In consequence, EOS Holdings Ltd. is opting to “enter the regulated microwave communications area” by buying Audacy with the aim of deploying “its personal microwave, optical and hybrid microwave-optical applied sciences,” the information launch added.

In October 2019, EOS Holdings Ltd. acquired EM Options, an Australian agency centered on microwave satellite tv for pc communications. That acquisition permits EOS Holdings Ltd. “to develop its personal floor terminals for wideband communication,” by way of its EOS Communication Methods enterprise unit, in keeping with the information launch. “A key issue within the profitability of the constellation would be the efficiency and cost-effectiveness of the a number of floor terminals required to be deployed and EM Options is a frontrunner on this area,” the information launch added.

Ben Greene, chairman of EOS Holdings Ltd., mentioned in an announcement, “EOS has beforehand disclosed its intention to enter the house communications market, and the [Audacy] acquisition represents a logical subsequent step in the direction of that aim.”

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