Astrocast partners with ArrowSpot and integrates SatIoT into supply chain solutions

Astrocast partners with ArrowSpot and integrates SatIoT into supply chain solutions

30 Jun 2022 13:10 CEST

Astrocast partners with ArrowSpot and integrates SatIoT into supply chain
solutions

Global asset tracking within containers achieved for the first time for supply
chains

Lausanne, Switzerland, June 30, 2022 - Astrocast, a leading global nanosatellite
IoT network operator, today announces a partnership with ArrowSpot. Astrocast is
integrating its Satellite IoT (SatIoT) technology into ArrowSpot's ArrowTrack
SAT device and its ArroWatch application. This advanced hybrid communication
tracking solution combines cellular and satellite communication network access.
It enables ArrowSpot's customers to benefit from full visibility of their supply
chains and fleets, allowing for the effective management of assets globally.

ArrowSpot's technology solutions typically enable supply chain managers to take
a proactive and cost-effective approach to cargo and fleet management. It has
developed track and trace solutions that make it possible for organisations to
monitor moving assets anywhere and anytime along their journey. Clients that are
benefitting from working with ArrowSpot include ZIM Shipping Line and Oceanex
Inc. intermodal transportation services.

24/7 supply chain monitoring solutions require global connectivity (SatIoT)
A resilient supply chain requires 24/7 monitoring. For many years, ArrowSpot has
looked for an effective IoT solution that enables it to track moving assets
across the globe. With connectivity via terrestrial networks covering 15% of the
planet, ArrowSpot and Astrocast joined forces to solve the problem of tracking
assets across the remaining 85% of the world using Satellite IoT.

The Astrocast and ArrowSpot R&D teams collaborated to integrate Astrocast's
technology into ArrowSpot's new ArrowTrack SAT, the first device that combines
cellular and satellite communication. This hybrid communication solution
provides customers global coverage, enabling the effective management of
containers moving around the world.

A strong use case that demonstrates the value of this solution can be found in
the pharmaceutical sector. Maintaining security and temperature control is
essential when safeguarding valuable cargo across the pharmaceutical supply
chain. When handling this sort of cargo, it is vital to respond quickly to any
unexpected events that might occur. For example, if a reefer loses power or
cargo appears to be in the wrong location, this problem needs to be flagged and
addressed swiftly.

Solving this kind of incident fast requires that organisations have the right
kind of services and technology in place to track and respond to such events.
Ideally, this information should also be shared with customers rapidly, so that
appropriate management decisions can be made about any cargo in transit. The
benefit of providing this kind of transparency across the supply chain is that
it can radically reduce any potential impact on cargo. Achieving this true
visibility across all areas of the world has previously not been possible
without Satellite IoT.

Demonstrable results
Within supply chains, ArroWatch has become a proven key tool for shipping lines
and cargo owners to reduce wastage and improve supply chain resilience. Since
its launch, ArroWatch has monitored over 30,000 trips. The ArrowSpot 24/7
control centre has tracked over 1 million cargo days over that time - valued in
excess of US$10 billion. Around 6% of trips require some kind of intervention to
safeguard cargo - and, as a result, the service has saved over US$500 million in
cargo that would otherwise have been wasted. Of about half of that cargo - over
US$250 million, was vital pharmaceutical products, with food cargo making up
over US$150 million. The addition of Satellite IoT enables ArrowSpot to maintain
a seamless service for its customers and enables everyone to achieve a better
return on investment.

Ran Grinshtain, ArrowSpot co-founder and CEO, says: "The need for 24/7 asset
tracking within global supply chains is vital today, especially within the cold
chain. But up until now, truly cost-effective global connectivity has not been
available. In our search for a provider, we tested several SatIoT solutions, and
selected Astrocast in the end for several reasons. From its bidirectional
communication to low energy consumption, optimised data protocols, to chipsets,
as well as ease of integration, working with Astrocast has transformed the speed
of development - from prototype to reliable production device in less than 12
months. What is more, our organisations are both highly customer centric; our
technical and product development teams worked well and effectively together to
integrate Satellite IoT into our solution; and culturally our values and way of
working together are aligned."

Ran Grinshtain adds, "Working with Astrocast has therefore been an excellent
experience. We're pleased to partner with such a professional organisation, that
is capable of finding creative and smart solutions to complex technological
problems. We look forward to jointly exploring additional solutions and use
cases of SatIoT for our clients."

Commenting on the partnership, Fabien Jordan, CEO of Astrocast, says, "Satellite
IoT is providing increasing benefits for organisations globally and across
various industries and use cases. We partnered with ArrowSpot as we share their
ambition to address complex use cases and to develop sophisticated Satellite
IoT-based solutions. We have been impressed with ArrowSpot's experience in
designing complex products that have to work in harsh environments, as well as
in developing services specifically designed for the container business. Our
teams are eager to work together and develop unique value propositions for
customers. This is all made possible thanks to our fully integrated and
complementary technologies, and a strong culture of collaboration."

Fabien Jordan concludes, "Due to this partnership, freight forwarders and cargo
owners now have the ability to track assets within containers around the world
for the first time. This provides true supply chain visibility that can help if
and when a crisis occurs in locations that were out of reach until now without
Satellite IoT technology. When an emergency takes place in the middle of the
ocean, with the right asset tracking technology in place, a single fast
intervention can enable organisations to avoid any crisis. Which may cover its
entire investment in Satellite IoT and save the cargo and its delivery."

- END -

Notes to editor

Astrocast has recently co-written a white paper with ArrowSpot titled:
Integrating Satellite IoT to transform Supply Chain Visibility. To learn more,
download it here: Integrating Satellite IoT to transform Supply Chain Visibility

About Astrocast

Astrocast SA operates a leading global nanosatellite IoT network, offering
services in industries such as Agriculture & Livestock, Maritime, Environment &
Utilities to name a few. The Astrocast network enables companies to monitor,
track, and communicate with remote assets from anywhere in the world. It relies
on superior L-band spectrum through a strategic alliance with Thuraya. In
partnership with Airbus, CEA/LETI and ESA, Astrocast developed Astronode S, an
ultra-low power and miniaturised module compatible with inexpensive L-band patch
antennas. Founded in 2014 by a renowned team of experts, Astrocast develops and
tests all its products in-house, from the satellites to the modules. Astrocast
is listed on Euronext Growth Oslo and recently announced the acquisition of
Hiber. For more information visit www.astrocast.com 

About ArrowSpot

ArrowSpot provides players throughout the worldwide supply chain logistics
industry with online information for safe & secure sensitive chilled cargo and
high value cargo. ArrowSpot operates a 24/7 control center to ensure that
expensive cargo is being controlled during long distance transportation.
Business in the pharmaceutical, medical and food industries are increasingly
relying on such online management systems. For more information, please visit
https://www.arrowspot.com/

Media Contact Astrocast
Fatima Vigil
[email protected]

More information:
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Source

Astrocast SA

Provider

Oslo Børs Newspoint