Estonian start-up stories by Toivo Tänavsuu
In: Companies
13 Nov 2009
One of the most interesting Estonian start-ups, Modesat Communications is able to gain 100% world market share if they are lucky.
The company provides modem-solutions for microwave radio, cable, fixed, mobile, satellite communications and Gigabit Ethernet. The PilotSync technology allows more communication and with higher speed in between terminals.
3G/4G most important market
Peep Põldsamm (pictured), CEO of Modesat says that in their most important product group – 3G/4G radiolink Gigabit Ethernet the company has received two business proposals from the essential world market leaders.
If there’ll be a business, that would mean 70 up to 100 percent world market share for the Estonian start-up. Depending on whether one of the telecom giants succeeds in developing a similar product or not.
If Modesat’s technology that provides transmission of more data in higher speed would become a standard in telecom industry, that would evidently result dramatic reduction in mobile Internet prices for mobile users.
Prices of mobile Internet fall
Currently you often pay a lot for using mobile Internet, since networks have limits and operators have to restrict the volume of data.
Põldsamm hopes that the Modesat’s ambitious vision would become reality in 3-5 years. It also depends on if the company manages to hire additional engineers (at least 10-15 people are needed) and if it manages to raise additional capital for the development units in Estonia, Tallinn and US, San Jose.
Talks with major players
All of the mayor players in world telecom – Ericsson, Nokia Siemens Networks, Alcatel Lucent, Huawei and others – have taken an interest in what Modesat has to offer. Thanks to a partner in Israel, a number of companies are already testing PilotSync technology there. Among others one of the crucial players in Israeli’s military industry have shown interest and has conducted the successful assessment during last summer.
Põldsamm: “Unfortunately I can’t confirm any of our clients names, since all the contracts have strict confidentiality clauses and majority of the customers are listed.”
1 Response to Estonian Modesat targets 100% of World Market
Markus Röbisch
January 12th, 2011 at 1:55 pm
At the beginning of December 2010, Modesat Communications has announced a successful Series A funding round which netted the company some €1.85 million. The three investors for the round were Modesat’s parent company, Ambient Sound Investments, as well as the Estonian Development Fund and Bellus.