Fleet Space Technologies announced the major success of Project Galaxy, registering a million devices to its low-cost satellite network in less than 24 hours, with an additional two million devices and counting on its waiting list
Project Galaxy is Fleet Space Technologies’ first step to connect millions of low-power, long-range LoRaWAN.
Fleet Space Technologies launched the first of its nanosatellites in 2018 on board SpaceX, Rocket Lab and ISRO, to create its global, low-powered IoT connectivity network.
Several Fortune 500 companies and IoT startups have registered hundreds-of-thousands of devices as part of Project Galaxy.
Fleet Space Technologies is supposedly breaking the barriers of cost, connectivity and bandwidth associated with IoT to unleash mass-scale, industrial satellite-powered IoT solutions for companies across the globe.
The possibilities of Project Galaxy’s mass-scale IoT deployments are varied from tracking cattle on Australia’s most remote outback farms to monitoring temperature fluctuations in bee hives across California, to safety applications along Canada’s essential oil pipelines.
The global IoT market is predicted to reach US$1.567 billion by 2025, with three billion industrial IoT devices to come online, according to IoT Analytics.
Fleet Space CEO Flavia Tata Nardini says, “Project Galaxy booked out within 24 hours with one million devices registered and over two million on the waiting list, this in itself reveals the demand of low-power, cost-efficient industrial IoT.
“The market has spoken, edge computing IoT gateway, deployment of long-range LoRaWAN devices, and low-cost connectivity are what customers around the world need.”
Fleet Space Technologies is preparing to launch an additional ten satellites to meet customer demand to connect LoRaWAN devices to its flagship, fully integrated IoT gateway which significantly reduces cost, power and bandwidth challenges of other solutions on the market.
Project Galaxy’s million LoRaWAN devices will join the 50 million LoRa-based devices online as of 2018 across a hundred countries.
The deployment of the world’s fastest-growing IoT open-standard protocol, LoRa, as part of the LoRa Alliance’s 500 member ecosystem, has fuelled Fleet Space Technologies’ growth.
“For years, the market has faced systems that are too expensive, plagued with limited bandwidth or operating in technology silos. Industrial IoT solutions are no longer out of reach, we’re thrilled to be a pioneering IoT for businesses across the globe,” Nardini said.