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SWISSto12 marks a year of stellar growth

TODO

SWISSto12, one of Europe’s fastest-growing aerospace companies and a leading manufacturer of advanced satellite payloads and Radio-Frequency (RF) systems, is celebrating 2023 as a landmark year after securing a major HummingSat contract with Inmarsat (acquired by Viasat), doubling its team, inaugurating new production facilities, securing financing and exceeding €200 million in customer backorders across its Satellite and Radio Frequency product businesses.

SWISSto12 pioneers a new class of commercial GEO Smallsat, HummingSat. HummingSat allows telecommunications operators to deploy lower unit cost and agile assets whilst maintaining performance and reliability. The first HummingSat is developed in collaboration with the European Space Agency and will be launched by anchor customer Intelsat in 2026. 

Some of SWISSto12’s notable achievements in 2023 include:

  • In May 2023, SWISSto12 signed a contract to supply 3 HummingSat satellites to Inmarsat (acquired by Viasat 2023) to support safety communications and accurate navigation services globally.
  • In September, €26.15 million of working capital financial facility was secured from UBS Switzerland, to meet growing customer demand.
  • In November 2023, ESA and SWISSto12 signed a contract for the full development and qualification of HummingSat.
  • The company now has in excess of €200 million of customer orders backlog  across its satellite, Radio Frequency components and subsystems business.
  • Opening of 2,000m2 of additional factory space and facilities including a large clean room.
  • Doubling of the SWISSto12 team to over 100 employees in Switzerland, Europe and the USA.

Emile de Rijk, CEO of SWISSto12 said: “2023 has been a landmark year for SWISSto12, demonstrating the strong interest of customer for our RF products and our new class of small geostationary satellite; HummingSat. Looking ahead, we will aim to continue our growth as we position ourselves as a leading manufacturer of advanced satellite payloads and RF systems for the global aerospace market.”

About SWISSto12

SWISSto12 is a leading manufacturer of advanced satellite payloads and Radio-Frequency systems, including the HummingSat: a small yet powerful geostationary telecommunications satellite developed in collaboration with the European Space Agency (ESA) through its public-private-partnership program. HummingSat customers include Intelsat and Inmarsat (acq. Viasat 2023.) 

SWISSto12’s satellites and payloads benefit from the company’s unique and patented 3D-printing technologies and associated Radio-Frequency product designs that deliver lightweight, compact, highly performing, and competitive RF functionality. Besides its space portfolio, the company is also active in telecommunications, surveillance and aeronautic applications. 

SWISSto12 has developed commercially with success and is amongst the fastest growing aerospace companies in Europe. SWISSto12 spun off in 2011 from the Swiss Federal Institute of Technology in Lausanne (EPFL), is privately owned and backed by prominent Swiss and European Investors, CNB Capital, Swisscom Ventures, Swisscanto and Zürcher Kantonalbank.