ArrowSpot signs multi-million-dollar deal with Astrocast 
 
Mass produced ArrowTrack SAT integrated with Astrocast's Satellite IoT enables
global asset tracking   
 
Lausanne, Switzerland, December 8, 2022 - Astrocast, a leading global
nanosatellite IoT network operator, announces today that ArrowSpot has signed a
multi-million-dollar contract to start mass production of ArrowSpot's ArrowTrack
SAT device. The contract between Astrocast and ArrowSpot includes hardware
integration and Satellite IoT (SatIoT) connectivity for an initial three-year
period.  
 
For context, ArrowSpot's technology solutions provide the worldwide supply chain
logistics industry with online information for safe & secure sensitive chilled
cargo and high value cargo. Clients working with ArrowSpot include ZIM Shipping
Line and Oceanex Inc. intermodal transportation services. 
 
A resilient supply chain requires 24/7 monitoring but connectivity via
terrestrial networks covers only 15% of the planet. For many years, ArrowSpot
looked for an effective IoT solution to improve tracking and monitoring of
moving assets across the globe. ArrowSpot and Astrocast joined forces earlier in
the year to solve the problem of tracking assets across the remaining 85% of the
world through using SatIoT. 
 
This contract is the culmination of that partnership. When mass produced,
ArrowSpot's advanced hybrid communication tracking solution - ArrowTrack SAT -
will combine cellular and satellite communication network access. By integrating
Astrocast's technology into ArrowTrack SAT and connecting to Astrocast's
nanosatellite network, ArrowSpot's customers will achieve full visibility of
their supply chains and fleets - providing them with effective global management
of their assets at an affordable price.  
 
For instance, if cargo appears to be in the wrong location or if a reefer loses
power, then this problem can be identified and dealt with rapidly, helping to
reduce any potentially harmful impact on cargo. 
 
Ran Grinshtain, ArrowSpot co-founder and CEO, says, "Within 12 months our joint
teams developed a prototype and a reliable, scalable production device. This
device has been tested and proven, and is now ready for mass production. We're
excited about this next phase of working together as it means that we can offer
our clients - and the market - truly global 24/7 asset tracking. 
 
"This capability is increasingly important within cold chain scenarios - and we
are seeing a lot of demand for this kind of supply chain visibility worldwide.
This contract is only the beginning with Astrocast too. Based on the demand that
we are experiencing and forecasting, we expect additional purchase orders down
the line, as we expect end-users traction in this space to continue to increase.
Therefore, we're starting to explore other use cases for asset tracking that we
can tackle together too." 
 
Fabien Jordan, CEO and Co-Founder, Astrocast adds, "Our SatIoT technology and
connectivity provides organisations with optimised data protocols, bidirectional
communication options, and low energy consumption - all factors that are crucial
to consider when developing and safeguarding an IoT business case. By working
closely with ArrowSpot, our teams have developed a solution that has the
capability to enable freight forwarders and cargo owners to track assets within
containers around the world. We're delighted to be working together and thank
ArrowSpot for selecting us as its SatIoT partner. Our joint innovation will
enhance supply chain visibility and transparency globally." 
 
END 
 
About Astrocast  
Astrocast SA operates a leading global nanosatellite IoT network, offering
services in industries such as Agriculture & Livestock, Maritime, Environment &
Utilities to name a few. The Astrocast network enables companies to monitor,
track, and communicate with remote assets from anywhere in the world. It relies
on superior L-band spectrum through a strategic alliance with Thuraya. In
partnership with Airbus, CEA/LETI and ESA, Astrocast developed Astronode S, an
ultra-low power and miniaturised module compatible with inexpensive L-band patch
antennas. Founded in 2014 by a renowned team of experts, Astrocast develops and
tests all its products in-house, from the satellites to the modules. Astrocast
is listed on Euronext Growth Oslo.  For more information
visit www.astrocast.com  
 
About ArrowSpot 
ArrowSpot provides players throughout the worldwide supply chain logistics
industry with online information for safe & secure sensitive chilled cargo and
high value cargo. ArrowSpot operates a 24/7 control center to ensure that
expensive cargo is being controlled during long distance transportation.
Business in the pharmaceutical, medical and food industries are increasingly
relying on such online management systems. For more information, please visit
https://www.arrowspot.com/   
 
Media Contact Astrocast  
Fatima Vigil - Head of Marketing 
media@astrocast.com