Thuraya Telecommunications Company and ELSE SA, a Swiss new space startup, today announced that they have signed a Memorandum of Understanding paving the way for a strategic alliance between the two organisations.
The agreement will allow both companies to collaborate and benefit from each other’s capabilities on multiple fronts including technical, regulatory, sales and marketing.From a commercial perspective, the agreement between Thuraya and ELSE extends their product and service portfolios considerably besides facilitating expedited access to the market.Commenting on signing the MoU, Thuraya’s Chief Strategy Officer, Jassem Nasser, said, "This agreement forms the foundation of an extensive framework and an exciting long term collaboration towards providing a progressive platform for our partners to offer services beyond basic satellite connectivity. FUTURA, our future plan encompasses three main pillars, one of which is "New Wave" services for M2M and IoT applications. Our alliance with ELSE serves as a building block for the development of this component of FUTURA and further reaffirms our commitment in building value through partnerships." Fabien Jordan, co-founder and CEO of ELSE, said, "As an established company, Thuraya brings experience, skill and reputable legacy to the table. ELSE shall benefit greatly from their technology and distribution reach and we are very excited about the possibilities this alliance will create."