CNH Expands Network Connectivity With Intelsat Collaboration
Rhea-AI Summary
CNH has partnered with Intelsat to provide ruggedized satellite communications (SATCOM) solutions for farmers, making them the first to offer this service. The collaboration will allow CNH's Case IH, STEYR, and New Holland customers to access the internet via Intelsat's multi-orbit network, enhancing productivity and yield through precision agriculture. The service will be launched in Brazil in the second half of 2024, with plans to expand to the U.S., Australia, and other regions. Intelsat's industrial-grade terminals are proven to withstand extreme farming conditions and will be installed and supported by Case IH and New Holland dealers.
Positive
- CNH and Intelsat collaboration enhances CNH's market position with advanced SATCOM solutions.
- Launch of service in Brazil targets a significant market with only 19% high-speed internet coverage in agricultural areas.
- Expansion plans to the U.S., Australia, and other regions indicate future growth opportunities.
- Intelsat's rugged, industrial-grade terminals ensure reliable service under extreme conditions.
- Improved productivity and yield through precision agriculture using enhanced internet connectivity.
- Support and installation by Case IH and New Holland dealers ensure customer ease and convenience.
Negative
- Service launch delayed until the second half of 2024, potentially affecting immediate revenue growth.
- initial market in Brazil, with uncertainties around the speed of expansion to other regions.
- Potential high costs associated with SATCOM hardware and installation could deter some customers.
- Reliance on Intelsat's technology and service quality introduces added dependency risks.
News Market Reaction
On the day this news was published, CNHI gained 0.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NORTHAMPTON, MA / ACCESSWIRE / June 14, 2024 / CNH
World class equipment and services company, CNH and Intelsat, have joined up to be the first to provide farmers with access from wherever they are to the internet via a ruggedized satellite communications (SATCOM) service.
Intelsat, operator of one of the world's largest integrated satellite and terrestrial communication networks, will provide multi-orbit internet access to connect CNH equipment working in remote locations and easy-to-use satellite terminals ready to handle the challenging environment on a farm.
With 60 years' experience in SATCOM, Intelsat's capabilities span geosynchronous and low-Earth orbits, offering CNH brands Case IH, STEYR and New Holland customers SATCOM coverage that is unparalleled in the market. Intelsat's rugged, industrial-grade terminals already serve critical industrial applications, including for the military and airlines. Case IH, STEYR and New Holland customers will use a rigorously tested terminal that connects easily and is proven to withstand extreme weather conditions and the vibration and shock produced by farming equipment and activity.
This offering will be first available in the second half of 2024 to farmers in Brazil, where ConectarAgro's Rural Connectivity Indicator found only
Internet connectivity is central to realizing gains in productivity and yield through precision agriculture, as Case IH, STEYR and New Holland farmers' intelligent machines connect and coordinate with one another while they work. They also communicate with the farmer via the cloud, exchanging data securely and receiving the farmer's highly specified directions for the jobs they execute. While many customers fulfill this need for internet connectivity with CNH's market-leading global mobile virtual network, existing cellular towers do not enable pervasive connection. According to the Food and Agriculture Organization of the United Nations, less than
"Satellite technology helps solve complex connectivity challenges for hard-to-reach farms, but not all providers are equal. Intelsat stands out for their depth of experience as well as the quality and reliability of their service and industrial terminal offerings. They get what it means to be rugged. We look forward to serving customers around the world with their solution," said Marc Kermisch, Chief Digital and Information Officer at CNH.
"As the first satellite communications company to provide multi-orbit connectivity to farmers around the world, Intelsat's collaboration with CNH will unlock new capabilities in the most remote locations through our global communications platform," said Dave Wajsgras, CEO of Intelsat. "We've proven that ruggedized, built-for-purpose terminals that can access multiple satellite orbits from anywhere on Earth offer the highest network reliability, greater throughput and the best user experience."
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Contact Info:
Spokesperson: CNH
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Email: info@3blmedia.com
SOURCE: CNH
View the original press release on accesswire.com
FAQ
What is the CNH collaboration with Intelsat about?
When will CNH and Intelsat's SATCOM service be available?
Which CNH brands will benefit from the Intelsat collaboration?
How does Intelsat's technology benefit farmers?
What regions will the CNH and Intelsat SATCOM service expand to after Brazil?
How will the SATCOM hardware be installed and supported?
What percentage of agricultural areas in Brazil currently have high-speed internet access?
What challenge does Intelsat's SATCOM service address for CNH customers?
