ADELAIDE, South Australia, Jul. 15, 2019 – Myriota, global leader in nanosatellite Internet of Things (IoT) connectivity, and the Australian Space Agency have signed a Statement of Strategic Intent aimed at expanding Australia’s growing space industry.

In a world-first, Myriota is the first
Australian startup to sign such an statement; joining international powerhouse
Boeing, as well as other significant space companies, who penned their own
Statement of Strategic Intent with the Australian Space Agency in April.

With a specialisation in telecommunications,
knowledge and experience in R&D, IP creation and satellite operations,
Myriota is a growing player in Australia’s space industry; developing products
for global and local applications, while contributing to the growth of
Australia’s space sector in the area of satellite communications.

The statement outlines a number of plans that
the Adelaide business has for growth, including:

• Expanding its current constellation
  to 25 satellites by 2022
• Hosting 10 internships per year
  across the business to encourage interest in STEM, with a particular focus on
  growing female involvement in technology companies
• Growing the number of employees
  from 25 to over 50 by 2022
• Delivering sensor connectivity for
  lunar and planetary exploration missions

“The establishment of the Australian Space
Agency comes at a time when nanosatellites and IoT are helping to solve major
issues that have long plagued Australian businesses, such as manual water
monitoring in regional Australia,” Dr Alex Grant, CEO and co-founder of Myriota
said.

“We’ve outlined our growth plans which include adding 25 satellites to our constellation and expanding our team to 50 people by 2022 in order to support the delivery of these solutions.”

“We’re passionate about fostering a diverse STEM workforce. Our strategy has a particular focus on developing initiatives that profile the achievements of female tech leaders, while investing in Women in STEM programs to creating a thriving female workforce.”

Dr Alex Grant, CEO and co-founder, Myriota

One of the key remits of the Australian Space
Agency is to create a competitive space industry while improving Australia’s
standing on the global stage through the application of innovative products and
services. Myriota’s use of nanosatellite technology continues to be used to
solve real-world problems, such as assisting with water and agricultural
management in regional Australia.

“This statement embodies the transformation we
are witnessing in the space industry both here in Australia and around the
world – it demonstrates that businesses of all sizes can make a significant
contribution to Australia’s space industry,” Mr Anthony Murfett, Deputy Head of
the Australian Space Agency said.

“As a startup with unique R&D and IP, Myriota’s technological innovation is important not only to support the growth and transformation of our space industry, but is inspiring to the wider Australian community and space entrepreneurs.”

Mr Anthony Murfett, Deputy Head, Australian Space Agency

Myriota plans to serve Australian and global
industries through its continued use of direct-to-orbit connectivity, as well
as the continued expansion and development of its constellation of low earth
orbit nanosatellites and associated ground systems.

Australia aims to grow the space market
segment from AU$3.9 billion to AU$12 billion by 2030 and double space industry
employment from around 10,000 today to 30,000.

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