SatixFy Appoints Ido Gur as Its New Chief Executive Officer
13 Januar 2023 - 1:01PM
Business Wire
SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN:
SATX), a leader in next-generation satellite communication systems
based on in-house-developed chipsets, today announced that Mr. Ido
Gur has been appointed Chief Executive Officer of SatixFy by the
Company’s Board of Directors, replacing Mr. David Ripstein,
effective January 15th.
Mr. Gur brings more than 20 years of extensive senior management
experience in a range of industries, including telecommunications,
mobile, networking, wireless and RF communications. He also brings
a wealth of experience with early-stage technology companies,
completing a number of exits over the years. Prior to SatixFy, he
served as CEO of Saguna, an early-stage edge cloud computing
company and led the company to be successfully acquired. He also
previously served as CEO and President of VocalTec Communications,
at the time a public company listed on Nasdaq, growing the company
significantly, bringing it to profitability and ultimately
completing a reverse merger with a US-based telecom company. Prior
to that he served in ECI in several roles, lastly as Executive for
Sales and Marketing, leading ECI to approximately $1B in annual
sales.
"I am very excited to join the SatixFy team," commented Mr.
Gur, SatixFy’s incoming CEO. "SatixFy’s strong technological
backbone and IP, combined with its highly experienced team and
dedicated employees, make it a very attractive proposition with
significant short and long-term potential. I believe that SatixFy
is uniquely positioned to capture the opportunities in the
fast-growing satellite communications market, and I look forward to
realizing our potential."
"We are glad to have someone of Ido’s caliber lead our team,
with a strong track record in the communications industry and two
decades of managerial experience,” commented Mr. Yoav
Leibovitch, SatixFy’s Co-Founder and Chairman. “I believe that
his commercial expertise, his history of successfully driving
growth and development, while maintaining an innovative and
collaborative culture, make him a good fit for SatixFy. I
congratulate Ido on his appointment. I would also like to take this
opportunity to thank our outgoing CEO, David for his commitment and
contribution to SatixFy, and wish him all the best with his future
endeavors.”
David Ripstein, SatixFy’s outgoing CEO, commented, “I am
pleased to pass on the reins to new leadership, which will take the
Company to the next stage in its development. With full confidence
in SatixFy’s management, the superb team of devoted employees and
the company’s ground-breaking technology, I will be proud to watch
SatixFy’s continued long-term growth and development. “
About SatixFy
SatixFy develops end-to-end next-generation satellite
communications systems, including satellite payloads, user
terminals and modems, based on powerful chipsets that it develops
in house.
SatixFy’s products include modems that feature Software Defined
Radio (SDR) and Fully Electronically Steered Multi Beam Antennas
(ESMA) that support the advanced communications standard DVB-S2X.
SatixFy’s innovative ASICs improve the overall performance of
satellite communications systems, reduce the weight and power
requirements of terminals and payloads, and save real estate for
gateway equipment. SatixFy’s advanced VSATs and multi-beam fully
electronically steered antenna arrays are optimized for a variety
of mobile applications and services, using LEO, MEO and GEO
satellite communications systems, for aero/in-flight connectivity
systems, communications-on-the-move applications, satellite-enabled
Internet-of-Things, and consumer user terminals.
SatixFy is headquartered in Rehovot, Israel with additional
offices in the US, UK and Bulgaria. For more information, please
refer to www.SatixFy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of SatixFy’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of SatixFy.
SAT-COM
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version on businesswire.com: https://www.businesswire.com/news/home/20230113005176/en/
Investor Contact: Kenny Green & Ehud Helft,
EK Global IR, satixfy@ekglobal.com
Media Contact: Helena Itzhak,
info@satixfy.com
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