Posts Tagged ‘jabiru’
Taking the risk out of Space Investment
Aon’s International Space Brokers, the largest specialist risk adviser in the sector, has announced the launch of Investment Protection Insurance, a game-changing policy for space investors. IPI is the first policy strictly for investors, and is designed to cover the loss of an investment in a space satellite, launch failure and satellite assets.
Previously, investors could not protect their financial interest due to lack of insurance capacity and first-party rights to the spacecraft. For start-up companies, which rely on the revenue generated by the early launches, the ability for the satellite to be successful is crucial. IPI is the solution, enhancing the satellite operator’s initial credit rating by relieving investors of the biggest risk — failure to launch. “Aon used its leverage with the insurance markets to introduce new capital, supporting both investors and operators by protecting their investments,” said Clive Smith, space business unit leader for Aon‘s International Space Brokers. “As developments continue to increase for areas such as delivering broadband as well as pollution and disaster monitoring, lack of liquidity in the financial markets has delayed industry growth. IPI will restore that growth.”
A claim will be triggered by any damage to or total loss of the satellite. The policy will react to fluctuations in bond yield and the share price before and after the launch or orbit. It pays an amount that recoups the loss of the publicly or privately traded securities of the satellite operating company in which the insured has invested. In the event of a loss paid, the insurers will receive the securities as salvage. “IPI will benefit companies beyond the space industry. Aon is already looking into applications in industries with similar needs that have a technical and financial trigger, which will help avoid the product slipping into the area of financial guarantees,” said Michael Hewins, chief commercial officer of Aon’s International Space Brokers.
Tags: broadband, insurance, jabiru, new satellites, NewSat, Risk management, Satellites | 
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Australia set to launch new satellite to plug digital blackspots
The project, dubbed Jabiru, has been in development since 2007 and is spearheading the company’s move to cash-in on the government initiative.
Company CEO Adrian Ballintine said the satellite will be able to serve the 247,000 homes identified by the government as located in digital TV blackspots.
“The satellite designed to provide ‘Ka band’ coverage across Australia will have a payload that accommodates the distribution of live broadcasting to the [blackspots],” Ballintine said in a written statement.
Under the plans, blackspot areas will be served via improvements to existing terrestrial broadcasting facilities, installation of repeaters to extend signals, and the addition of satellite services.
Broadcasters will spend some $18 million to upgrade 100 analogue transmission relay towers to digital.
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For the first time in Australian history, NewSat intends to launch and operate its very own non foreign owned commercial satellite in GEO-stationary orbit.
The satellite named Jabiru-1 takes it’s name from the indigenous term for ’stork’ or bird. It’s a comparatively large satellite with many transponders weighing more than five tonnes. It will have a life span of 15 years.
Once launched, Jabiru-1 will become a subsidiary of NewSat Limited. It will further enhance our leadership stance by becoming the only Australian company to offer a total satellite communications service.
Jabiru-1 will unlock bandwidth capacity and satellite coverage that is unavailable today. It will provide our clients with access to greater Ka, C and Ku band coverage.
We are excited to advise, that the program is progressing and is on target.
For the first time in Australian history, NewSat intends to launch and operate its very own non foreign owned commercial satellite in GEO-stationary orbit.
The satellite named Jabiru-1 takes it’s name from the indigenous term for ’stork’ or bird. It’s a comparatively large satellite with many transponders weighing more than five tonnes. It will have a life span of 15 years.
Once launched, Jabiru-1 will become a subsidiary of NewSat Limited. It will further enhance our leadership stance by becoming the only Australian company to offer a total satellite communications service.
Jabiru-1 will unlock bandwidth capacity and satellite coverage that is unavailable today. It will provide our clients with access to greater Ka, C and Ku band coverage.
We are excited to advise, that the program is progressing and is on target.
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