ArrowSpot signs multi-million-dollar deal with Astrocast

A resilient supply chain requires 24/7 monitoring but connectivity via terrestrial networks covers only 15% of the planet. For many years, ArrowSpot looked for an effective IoT solution to improve tracking and monitoring of moving assets across the globe. ArrowSpot and Astrocast joined forces earlier in the year to solve the problem of tracking assets across the remaining 85% of the world through using SatIoT.

This contract is the culmination of that partnership. When mass produced, ArrowSpot’s advanced hybrid communication tracking solution – ArrowTrack SAT – will combine cellular and satellite communication network access. By integrating Astrocast’s technology into ArrowTrack SAT and connecting to Astrocast’s nanosatellite network, ArrowSpot’s customers will achieve full visibility of their supply chains and fleets – providing them with effective global management of their assets at an affordable price.

“Within 12 months our joint teams developed a prototype and a reliable, scalable production device. This device has been tested and proven, and is now ready for mass production. We’re excited about this next phase of working together as it means that we can offer our clients – and the market – truly global 24/7 asset tracking”, says Ran Grinshtain, co-founder and CEO, ArrowSpot.

“This capability is increasingly important within cold chain scenarios – and we are seeing a lot of demand for this kind of supply chain visibility worldwide. This contract is only the beginning with Astrocast too. Based on the demand that we are experiencing and forecasting, we expect additional purchase orders down the line, as we expect end-user traction in this space to continue to increase. Therefore, we’re starting to explore other use cases for asset tracking that we can tackle together too”, explains Fabien Jordan, CEO and Co-Founder, Astrocast.