By Alan Hatfield
Satellite communication equipment and systems developer SatixFy Communications Ltd. today announced that it has named David Ripstein, former CEO of RADCOM and GreenRoad Technologies, as CEO effective June 27, 2022. Former CEO Yoav Leibovitch will remain Chairman and CFO.
In March, SatixFy announced that it had entered into a definitive business combination agreement with Endurance Acquisition Corp. (NASDAQ: EDNC), a publicly-traded special purpose acquisition company (SPAC) Upon closing of the transaction, SatixFy’s shares are expected to trade on the Nasdaq stock exchange under the ticker symbol “SATX.”
Ripstein has over 21 years of experience, leading a successful turnaround at GreenRoad Technologies by directing the development of industry-first digital telematics products and a global sales approach and spearheading RADCOM’s product redirection and global sales strategies.
“I am excited by the growth potential represented by SatixFy’s step-ahead satellite communications technology, which exactly matches the needs of a broad variety of Satcom players. With strong demand for wide, reliable bandwidth and global access, the world needs better performance out of satellite communications – including higher speeds, more advanced payloads and wider coverage – and this requires SatixFy’s unique technologies,” commented Mr. Ripstein.
Alan Hatfield, Director of Research