Addvalue Innovation, a subsidiary of Mainboard-listed Addvalue Technologies, will co-build the world’s first 5G Narrow Band (NB)-IoT satellite communication terminal with GateHouse SatCom, a subsidiary of GateHouse.

GateHouse SatCom is known for its proven track records of satellite communication protocols, and is, according to the statement by both companies, “well poised to build space-based 5G NB-IoT solutions”.

Space NB-IoT will disrupt the IoT market, according to the companies, with over 1,900 SmallSats already launched as at Jan 1.

The number is expected to grow “rapidly” within the years to come.

The joint collaboration seeks to meet the demands of such a growing market, says Addvalue and GateHouse.

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Standardization in the satellite IoT market will be a key factor in achieving a sustainable business in the satellite communication market.

The 5G NB-IoT Satcom Terminal, based on the 3rd Generation Partnership Project (3GPP) standards, will be fully functional with all 5G satellite networks worldwide.

“The confluence of AI technologies and 5G connectivity is destined to be an age of boundless smart and autonomous applications. Space-based 5G NB-IoT will play a significant role in such an exciting era and we have to be ready for it,” says Tan Khai Pang, CTO and COO of Addvalue Innovation.

“This collaboration with GateHouse is based on our long-standing relationship since 2002. Through this collaboration, we look forward to bringing our connectivity for IoT to a whole new level and be future-proof to open up tremendous business opportunities in a plethora of IoT applications that are not yet currently economically realisable,” he adds.

“To secure a lead position and really profit from the introduction of satellite 5G, one needs to get ready now to be among the first to introduce the new groundbreaking technology to one’s customers. The NB-IoT software solution, envisioned by GateHouse SatCom for non-terrestrial coverage, has the advantage of being based on a standard that can be applied to any satellite system conveying the same,” says Thomas Scott Jensen, senior VP at GateHouse SatCom.

“Paired with the standard 3GPP software protocols developed by GateHouse SatCom and the satellite terminal technology developed by Addvalue Innovation, the resultant 5G NB-IoT Satcom Terminal stands to benefit greatly from the revolutionizing change expected to befall on the entire satellite communication industry with the soon expected roll-out of 5G for non-terrestrial networks,” Scott adds.

Shares in Addvalue closed 0.1 cent lower or 4.8% down at 2 cents on March 18.