SKY and Space Global Ltd Made an MOU with Globalsat Group
Made an MOU with Globalsat Group: SKY and Space Global Ltd (ASX: SAS) stock lost over 15.4% on March 14, 2017 as some investors might be booking profits post the stock rally of about 105.26% in the last four weeks (as at March 13, 2017). The group made a Memorandum of Understanding with Globalsat Group LLC to jointly explore the provision of SAS’s narrow-band communication services to Globalsat end-users. This MOU would establish a commercial agreement for the bandwidth provided by SAS’s narrow-band satellite communication services to Globalsat end-user customers. Meanwhile, Globalsat group reported that SAS has more potential to expand M2M / IoT beyond current use of traditional satellite technology. Moreover, the group believes that by cutting the cost of network operations and terminal equipment, it would enable services offering at more cost-effective way.
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