China Everbright Limited (“CEL”, stock code: 165.HK)’s Catalyst CEL Fund (the “Fund”) is pleased to announce the investment in SatixFy Limited (“SatixFy” or the “Company”), a leading provider of satellite and quasi-satellite communication technology, Catalyst CEL Fund is the lead investor in a $25 million USD investment round, which will be completed by the end of the year.
 
The Fund aims to support the long term growth of innovative Israeli companies and promote the development of China's high-tech industry. The investment highlights the focus of investors on one of Israel's strongest markets, satellite communication. By designing its own silicon chips, SatixFy's technology radically reduces the cost, size, weight and power consumption of user-terminals, and cost of air-time for satellite communications. SatixFy targets multiple markets such as the Internet of Things (“IoT”), and M2M (machine to machine) applications, which are at the forefront of satellite communications innovation today. The Company’s experienced management team is led by Founder & CEO Yoel Gat, founder and former Chairman and CEO of Gilat Satellite Networks Limited (NASDAQ, TASE: GILT). The Company recently opened its new research center in the UK after receiving a significant grant from the UK Space Agency through the European Space Agency.
 
SatixFy is the third investment made by the Catalyst CEL Fund. Its previous investments include Lamina Technologies, a manufacturer of state-of-the-art, precision carbide metal cutting tools, and XJet, the world's pioneering technology of inkjet-based 3D printing system for metal parts.