EOS Seeks FCC OK to Take Over Audacy's NGSO Plans
With nascent non-geostationary orbit constellation operator Audacy out of business, Australian space and defense technology company Electro Optic Systems (EOS) wants to buy its NGSO license. In an FCC International Bureau application Friday, EOS said it has an asset purchase…
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and transfer of control agreement with Horizon Technology Finance, Audacy's senior secured creditor, based on the FCC consenting to the license transfer. EOS said it has the capital and technical expertise to deploy the satellite system and provide the inter-satellite service links among low earth orbit satellites. Audacy's V-band constellation received FCC approval in 2018 (see 1806050057). EOS said Audacy launched a cubesat technology demonstrator in December 2018 but eventually ran out of money, began laying off staff in early 2019, and ceased operations by September.