Hanwha Systems invests $11 million in Kymeta

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Hanwha Systems invests $11 million in Kymeta

Hanwha Systems said Wednesday it has invested $11 million in a U.S. flat panel satellite antenna developer, as it advances its push for space communications technologies.
The latest funding for Kymeta, located in the Washington state, is part of the $84 million equity financing the American company has secured from various investors, including Bill Gates, according to a Hanwha Systems press release.
Kymeta, founded in 2012, specializes in developing meta-materials technology-based electronically steerable antennas (ESA), a more advanced type of flat panel antennas designed to enable seamless satellite communication.
ESA antennas are mounted on airplanes, ships, trains and other vehicles that travel remote distances to provide high speed satellite internet communication.
Hanwha Systems has been developing low-Earth orbit satellite communication antennas as it pushes to expand its space internet business.
Hanwha Systems has made investments in overseas companies owning related technologies, including the initial $30 million investment in Kymeta in late 2020.

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