FOSSA Systems is a space technology company that develops satellite infrastructure and connectivity solutions for industrial, commercial, and government applications. The company designs, manufactures, launches, and operates small satellites in low Earth orbit (LEO) to provide global Internet of Things (IoT) connectivity and other space-based services, particularly in areas where terrestrial communication networks are unavailable or unreliable. Its vertically integrated approach combines satellite manufacturing, ground infrastructure, and connectivity services into a unified platform. The company's core offering is a satellite-enabled IoT network that allows low-power devices using technologies such as LoRa and NB-IoT to transmit data from remote locations. This enables organizations in industries including energy, utilities, agriculture, logistics, infrastructure, construction, and oil and gas to monitor assets, collect sensor data, and manage operations globally without relying on cellular coverage. FOSSA delivers these services through a software-as-a-service (SaaS) model, charging customers based on message transmission.