SWISSto12 named one of Europe’s top technology scaleups
September 20, 2024
SWISSto12, based in Renens, Switzerland, has been named as a Leading European Technology Scaleup (LETS) by France Digitale, a European startup and investor association. The LETS map identifies the leading growth-stage technology companies across Europe generating over €10 million in global revenue. SWISSto12 is one of nine Swiss companies and the only satellite manufacturer among the list of 251 companies featured. To date, SWISSto12 has secured over €350 million in customer orders across both its satellite and Radio Frequency product lines.
SWISSto12 is the developer and manufacturer of the world’s first commercial Small Satellite for Geostationary orbit – HummingSat – and also provides next-generation Radio Frequency products and subsystems based on a unique Additive Manufacturing technology, with over 1,000 products already in orbit.
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SWISSto12 has sold four HummingSat satellites to Intelsat and ViaSat+Inmarsat, reportedly making it the first-ever growth-stage company to sign contracts of this magnitude with global satellite telecommunication operators. SWISSto12 has reported that it conducted Preliminary Design Reviews (PDR) for the Intelsat 45 and Inmarsat 8 missions in partnership with the European Space Agency (ESA).
At around the size of a washing machine and with a mass of approximately 1000kg, HummingSat is reportedly less expensive to build and launch than traditional Geostationary satellites which are typically the size of a truck and weigh in excess of 3000kg. Unlike traditional Geostationary satellites, HummingSat is also compact enough to be launched on low-cost rideshare missions. The first HummingSat is scheduled to launch on an Ariane 6 rocket in 2026.
Emile de Rijk, Founder and CEO of SWISSto12 stated, “By combining Switzerland’s heritage in engineering precision and its collaborative approach to business with world-class innovation and collaborations, SWISSto12 has rapidly emerged as a key player in the global space and communications industry. Being named a Leading European Technology Scaleup by LETS recognises our commercial achievements and how HummingSat is advancing the future of satellite communications to better connect and protect the world.”
