January 8, 2024
January 8, 2024
Rehovot, Israel, January,8 2024. SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, announced today management’s participation in the 26th Annual Needham Growth Conference.
Nir Barkan, Acting CEO of SatixFy, will be giving a presentation accessible through the conference web portal, on January 19, 2024 at 08:45am Eastern Time.
Management will also be attending the conference virtually and will be available for virtual one-on-one meetings with investors throughout the day on Friday, January 19, 2024.
To schedule a meeting with management, please contact a Needham representative or email a request to the Satixfy’s investor relations team at email@example.com.
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to substantial risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors, including, but not limited to, those identified under the section titled “Item 3. Key Information — D. Risk Factors” in our Annual Report on Form 20-F, filed with the Securities and Exchange Commission (the “SEC”) on May 1, 2023 (the “20-F”), and SatixFy’s other filings with the SEC from time to time. These risks and uncertainties include, but are not limited to, the following: SatixFy has limited capital currently available and will need to raise additional capital in the immediate future to fund its operations and develop its technology and chips and satellite communications systems; SatixFy may be unable to raise sufficient capital on favorable or acceptable terms, if at all, and make the necessary investments in technology development; the risk that the transaction with MDA, for the sale of all of the outstanding ordinary shares of SatixFy Space Systems UK Ltd. (“SatixFy Space Systems”) will not yield some or all of the expected benefits of the transaction to SatixFy; the risks associated with the potential loss of revenue resulting from the sale of SatixFy Space Systems; the risk that SatixFy will be unable to perform its contractual commitments to MDA and its affiliates, which could result in, among other things, limitations on its ability to use or dispose of its intellectual property related to its space grade chips and/or the obligation to repay to MDA significant amounts advanced by MDA; the risk that the transaction will not give SatixFy a significant competitive advantage or open up its products to broader markets and new customers; the risk that the transaction will not to lead to increased collaboration between MDA and SatixFy; the risk that the transaction will not represent a strong step forward in the commercialization of SatixFy’s technology, increase SatixFy’s chipset sale into satellite digital payloads or lead to SatixFy’s long-term growth in this market segment; and the risk that SatixFy will not expand its ground terminals and chipset offering to the satellite communication markets; SatixFy is an early stage company with a history of losses, has generated less revenues than its prior projections, and has not demonstrated a sustained ability to generate predictable revenues or cash flows and may not generate revenue as expected.
Kenny Green & Ehud Helft, EK Global IR, firstname.lastname@example.org
Helena Itzhak / Aviv Sax Nahamoni, email@example.com