IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with SatixFy and Endurance Acquisition Corp. (NASDAQ: EDNC) to discuss the role of SatixFy in Direct-to-Cell 5G Non-terrestrial networks and the going-public transaction. The event featured David Ripstein, CEO of SatixFy, and Richard Davis, CEO and Director of Endurance Acquisition Corp., joined by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a moderated video session lasting approximately 60 minutes including a Q&A with the audience.
SatixFy and Endurance management discussed:
- SatixFy’s core technology capabilities
- Wider network/capabilities of Endurance team
- Why the SPAC focused on this industry
- Trends in the SAT industry and where SatixFy fits
- Role of SatixFy in Direct-to Cell 5G Non-terrestrial networks
- Why SatixFy is going public
- SPAC transaction update: process trajectory, timing, etc.
About the Speakers:
David Ripstein, CEO, SatixFy
David Ripstein is a communications industry leader with a track record of success in executing bold scale-up and turnaround strategies. He has over 2 decades of experience turning exciting new technologies into saleable products, and then scaling up manufacturing of those new products to meet customer demand. As CEO of GreenRoad Technologies (2017-2022), Mr. Ripstein led a successful turnaround by directing the development of industry-first digital telematics products and a global sales approach. In parallel (2021-2022), he serves on the Board of Directors of Ceragon Networks, a pioneer in wireless broadband. Prior to GreenRoad, Mr. Ripstein was President and CEO of RADCOM (2007-2015), a publicly traded provider of network intelligence solutions for telecom operators transitioning to 5G, where he spearheaded the company’s product redirection and global sales strategies. He holds a Bachelor of Science in Electrical Engineering from the Technion Haifa Institute of Technology.
Richard C. Davis, CEO and Director, Endurance Acquisition Corp. (NASDAQ: EDNC)
Richard Davis is a highly experienced executive with over 25 years of experience in corporate finance, private equity and the space industry. He is currently a Managing Director of ADP and the CEO of Descartes Labs, Inc. He is also a founder and Managing Member of ArgoSat Advisors, a premier global advisory firm focused on the space industry. Mr. Davis sits on the boards of Descartes Labs, Endurance Acquisition Corporation, Sky and Space Corporation, and EarthDaily Analytics Corp.
Prior to ArgoSat, Mr. Davis was President, and later Interim-CFO, for ProtoStar, a communications satellite operator which raised over $500 million and launched two DTH satellites over Asia. Earlier in his career, Mr. Davis was a private equity investor Principal at VantagePoint Venture Partners, a private equity and venture capital firm with $4 billion of assets under management. His focus was on media/telecom as well as semiconductors/semiconductor capital equipment. Prior to Vantage Point, he was a Vice President and founding member of the Lehman Brothers Communication Fund which was an $800 million private equity fund focused on communications infrastructure investments. In these roles, Mr. Davis was involved in equity and debt investments, asset acquisitions and dispositions and mergers and other business combinations or spin-offs for approximately two dozen companies in various investment lifecycle stages. Mr. Davis started his corporate finance career as an Associate at Salomon Brothers.
Mr. Davis was formerly an instructor pilot in the United States Air Force. He received his B.S. in Astrophysics (cum laude) from the University of Minnesota, and his MBA from the University of Virginia.
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.