Regulatory News:
Eutelsat Communications (Euronext Paris: ETL) and Intelsat S.A. have signed a long-term partnership agreement securing the 48°East orbital position. EUTELSAT QUANTUM will be located at the position, where the operators both have orbital rights.
Expected to be launched by the end of 2020, EUTELSAT QUANTUM is a full expansion satellite providing premium capacity with unprecedented flexibility features. Its ground-breaking software-based design enables users to actively define and shape performance and reach to meet their specific requirements. The 48°East position, with its extensive coverage, notably of the MENA region, is ideally placed to address, amongst others, the unique needs of government users.
Under the agreement, the capacity on EUTELSAT QUANTUM will be distributed by Eutelsat and its subsidiary, Eutelsat Americas Corp. and Intelsat and its subsidiary, Intelsat General Communications LLC (IGC), thereby maximizing the commercial potential of the satellite and creating conditions for the fastest possible ramp-up of the satellite.
Each partner will benefit from the commercial reach of the other, notably in the government vertical, where IGC plans to offer the EUTELSAT QUANTUM satellite payload with additional security enhancements including secure and protected payload management, customized power allocation and on-demand beam forming. The resulting collaboration will enable the EUTELSAT QUANTUM payload to meet the U.S. government’s most demanding Information Assurance (IA) and Cybersecurity requirements.
Commenting on the agreement, David Bair CEO and President of Eutelsat America Corp said: "We are delighted to partner with Intelsat to optimize the commercial potential of the assets represented by the 48°East position and the innovative features of EUTELSAT QUANTUM. This ground-breaking satellite has already attracted significant interest from potential Government customers, and we are also excited to team with industry leading systems integrators to provide this unique capability as part of a high value solution”.
IGC Regional Vice President Rick Henry further commented: "Our collaboration with Eutelsat brings together the best minds in the industry to quickly meet the unique needs of our government customers through an innovative operating model and satellite deployment. This type of industry collaboration is truly a ‘win-win’ for everyone, and we look forward to a productive, long-term partnership with Eutelsat at 48°East.”
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.
For more about Eutelsat go to www.eutelsat.com
www.eutelsat.com – Follow us on Twitter @Eutelsat_SA
View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005853/en/
Shares of Nikola Corp (NASDAQ: NKLA) slipped more than 8.5% on Thursday hit the lowest levels recorded in seven months after the electric truck maker abandoned the deal with Republic Services to make electric garbage trucks for the solid waste collection company. Fundamental analysis: Order cancelled Nikola faced a number of challenges this year, particularly after short sellers accused the electric truck maker of fraud three months ago, after which its founder Trevor Milton left the company. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. In the announcement, the truckmaker said the previous order of 2,500 electric garbage trucks for Republic Services has been called off. “This was the right decision for both companies given the resources and investments required,” said CEO of Nikola Mark Russell. However, analysts from Cowen and Co saw the termination of the deal as a positive sign for Nikola. “We like management’s exit from expensive and costly non-core initiatives in the post-Trevor Milton era,” the company said. Shares of Nikola plummeted by 25% on the last day of November on the announcement that General Motors has decided to change the initial agreement to buy
(RTTNews) - The FDA has approved Aurinia Pharmaceuticals Inc.'s (AUPH) LUPKYNIS in combination with a background immunosuppressive therapy regimen to treat adult patients with active lupus nephritis.
LUPKYNIS, generically known as voclosporin, becomes the second FDA-approved therapy for lupus nephritis, with the first being GlaxoSmithKline plc's (GSK) BENLYSTA, which was approved as recently as last month.
Aurinia's LUPKYNIS is administered orally while BENLYSTA is administered intravenously (IV) or subcutaneously.
The global peak sales of LUPKYNIS are estimated to be in excess of $1 billion, according to the company.
Lupus nephritis is an inflammation of the kidney caused by Systemic Lupus Erythematosus - resulting in irreversible kidney damage and increasing the risk of kidney failure, cardiac events, and death. It is estimated that lupus nephritis affects about 200,000 people in the U.S.
AUPH closed Friday's trading at $14.86, down 2.17%.
