FMC GlobalSat announces completion of oversubscribed interim funding round to expand disruptive global connectivity offerings
(10 January 2019 - FMC GlobalSat) FMC GlobalSat Holdings, a satellite communications and wireless services provider for geographically remote commercial operations, announced the completion of an oversubscribed interim round of $1 Million USD, bringing total funding to over $3 million.
FMC GlobalSat configures, integrates, and deploys a hybrid wireless and satellite connectivity solution for a range of enterprise customers, including energy, private and commercial maritime, mining, agriculture, and other geographically remote installations. FMC Global’s network incorporates high-throughput satellites and wireless solutions across CDMA, GSM, and LTE networks in more than 190 countries, with over 550 underlying carriers.
"We are delighted that our solution has garnered such a high degree of interest from the investment community, and are honored that a number of premier financial and strategic investors have elected to partner with us,” said Emmanuel Cotrel, chief executive officer at FMC GlobalSat. "With this investment, we are eager to ramp up our implementation plans, and further penetrate the $600-billion IoT market opportunity.”
FMC GlobalSat is the exclusive worldwide distributor for the renewable energy sector for Kymeta, the global satellite panel provider. Through this partnership, FMC GlobalSat keeps mission-critical assets connected anytime, anywhere, for asset owners and operators, and grid operators, maximizing uptime, maintaining cost efficiency, and ensuring security.
About FMC GlobalSat
FMC GlobalSat is a global provider of best-in-class satellite and wireless solutions to geographically remote businesses that that require reliable, secure, and cost-effective connectivity. Partnering with major wireless carriers and satellite communications providers, FMC GlobalSat delivers a hybrid connectivity solution that incorporates 3G and 4G cellular solutions across CDMA, GSM, and LTE networks in more than 190 countries, and high-throughput satellite (HTS) communications. The company’s network incorporates Tier 1 carriers, and a satellite infrastructure that includes 53 satellites, eight teleports, 20,000 miles of fiber optic cable, and a 24/7 enterprise-grade global technical support organization. FMC GlobalSat is the exclusive global distributor of Kymeta communication solutions for the renewable energy industry.