Hiber Announced as Amazon Web Services’ Commercial Startup Launch of 2018

~ NewSpace company brings low power IoT connectivity to people in
remote, unconnected areas ~

~ Selected out of 6000 startups ~

LAS VEGAS, Nev.–(BUSINESS WIRE)–‘NewSpace’ startup Hiber was named as the Amazon Web Services, Inc.
(AWS) Commercial Startup Launch of 2018 last night at the AWS
re:Invent Conference at the Venetian Sands Hotel in Las Vegas, Nevada.
At the event, Hiber announced the official launch of its nano-satellite
powered solution, which will be bringing IoT-connectivity to the 90% of
the world currently lacking a network. The announcement took place at 11.45pm
PST on Sunday 25th November
during re:Invent’s kick-off event,
“Midnight Madness”.

Hiber was selected by AWS out of 6000 other startups to launch its
solution at “Midnight Madness” in front of re:Invent’s 50,000+ attendees
from the technology world. Previous companies to be named with the
prestigious title include Netflix, Pinterest and Airbnb.

Hiber’s IoT-connectivity network will be operational from Q1 2019. The
first 25 customers, many of whom are working on tech for good projects,
are ready for deployment as soon as the network goes live. The company
is filling a gap in the market as less than 10% of the globe is
currently covered by IoT-ready connectivity. Existing networks favor
urban areas and wealthier countries, while traditional satellites that
provide wider coverage are expensive and power hungry.

When in orbit, every Hiber nano-satellite will fly over the earth’s
poles 16 times a day and each spot on the equator twice a day, being the
first of its kind to provide the planet with truly global
IoT-connectivity. Using a process that is up to 20 times cheaper than
existing global solutions, it works by transferring data from modems and
antennas owned by customers directly to the micro-satellites. Data
packets are then sent back to earth via the two initial satellite
gateways in Spitsbergen in Norway and Delft in the Netherlands.

Ernst Peter Hovinga, co-founder and CEO of Hiber, said: “We’re honored
to have been chosen by AWS to announce our product at re:Invent as its
Commercial Startup Launch of 2018. Our collaboration with AWS means our
customers can collect data, transfer it via our nano-satellite network
and then export it to the AWS IoT-toolkit for further data analysis.
These capabilities are truly transformational for many of our customers
in remote and third world areas.”

Hiber is launching its first nano-satellites this month; HiberOne from
Satish Dhawan Space Centre in Sriharikota, India and HiberTwo from
Vandenberg, California. It expects to launch dozens of satellites to
meet the enormous demand for IoT-ready data connectivity around the
world in the next 12 to 18 months.

— Ends —

About Hiber

Hiber (formerly Magnitude Space) is a so-called ‘NewSpace’ startup.
Founded and led by a dream team of satellite experts and tech
entrepreneurs, these ‘Hibernauts’ are literally working on a moonshoot
goal: changing the world through better insights by launching and their
own nano-satellite constellation in space. Each nano-satellite will be
roughly the size of a large shoebox.

To date, around €15 million in funding has been invested in the company.
Thanks to subsidies, innovation loans and informal investors, at the end
of November 2018 Hiber will take its first step towards realizing its
dream of becoming the Netherlands’ first commercial satellite company.
Currently, 35 employees work on the ground-breaking, patent-pending
technology behind Hiber and Hiberband at its offices in Amsterdam and
Delft, the Netherlands and Washington DC, USA.

Contacts

PR Contact Name: Alice Cornelius
Email: alice@clarity.pr
Phone
Number: +44 (0) 20 3893 5015

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