How Helios Wire is Taking the IoT into Space | Summary and Q&A

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October 2, 2017
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Investing News
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How Helios Wire is Taking the IoT into Space

TL;DR

Helios is a Vancouver-based company launching satellites to create a low-cost Internet of Things network, offering a disruptive alternative to existing satellite companies.

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Questions & Answers

Q: What sets Helios apart from other satellite companies in the Internet of Things market?

Helios operates within the satellite-enabled portion of the Internet of Things market, offering a significantly lower cost service compared to competitors. They can provide data transmission at 5% of the cost charged by other companies.

Q: How many satellites does Helios plan to have in their constellation?

Helios plans to launch a total of 30 satellites globally, with their first satellite launching this Christmas and two more commercial satellites launching next fall.

Q: What industries can benefit from Helios' satellite-enabled Internet of Things network?

Industries such as farming, agriculture, oil and gas, and transportation can benefit from Helios' network as it allows remote asset data collection from equipment, devices, and machines.

Q: How does Helios' cost compare to other satellite companies?

While other satellite companies spend billions on their infrastructure, Helios has engineered their satellites to significantly reduce costs. They can offer their services at a fraction of the cost charged by competitors.

Summary & Key Takeaways

  • Helios is a Vancouver-based company entering the Internet of Things market using their spectrum, allowing data transmission from Earth to space.

  • With their first satellite launching soon, Helios plans to launch two more commercial satellites next fall and eventually expand to a constellation of 30 satellites.

  • Helios aims to provide a low-cost service to customers, charging only a fraction of the cost compared to other satellite companies.

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