LeoSat Lands First Customer for Planned LEO Constellation

LeoSat signed a contact with its first customer, an unnamed financial trading company with offices globally, LeoSat said in a news release Tuesday. It said the planned network of low earth orbit satellites will bring low latency, averaging less than 93 milliseconds from London to Tokyo and less than 119 milliseconds from London to Singapore. "We are excited to be in a position to announce our first customer almost four years ahead of the commercial launch of our system and while doing so, also venture into a market sector where traditional satellite systems have never had any suitable product offering," said LeoSat Chief Commercial Officer Ronald van der Breggen.