Crowell & Moring Represents Farcast in $5 Million Strategic Investment and Expanded Commercial Partnership With Telesat

San Francisco - November 5, 2025 : Crowell & Moring represented Farcast, a San Francisco-based startup pioneering advanced satellite User Terminals, in connection with an expanded commercial relationship and a $5 million equity investment from Telesat (Nasdaq and TSX: TSAT), one of the world's largest and most innovative satellite operators. Under the agreement, Telesat will also appoint a member of the Farcast board of directors to support the company's alignment with the strategic goals of the Telesat Lightspeed program.

The investment will accelerate Farcast's delivery of an enterprise-class Flat Panel Antenna (FPA) User Terminal, fully integrated with the Telesat Lightspeed modem and ready for volume production, advancing connectivity solutions for global telecom, enterprise, aviation, and defense markets. Farcast's proprietary Active Electronically Scanned Antenna (AESA) technology breakthrough results in reduced Size, Weight, Power, and Cost (SWaP-C), while optimizing performance for Telesat Lightspeed customers worldwide.

The Crowell deal team was led by Jon O'Connell with support from Mark Kass, Elaine Taussig, Scott Lessne, Justin Lurie, Jonathan Camello, and Jason Nahm.