Unit AALTO HAPS Ltd. plans to deploy its Zephyr aircraft, capable of remaining airborne for days, from four or five global bases, beginning with Kenya, as per the unit's CEO, Samer Halawi, in a Nairobi interview, Bloomberg noted.

"We're going to be providing more connectivity, mobile connectivity and earth observation services from an altitude or an orbit or frontier that has never been explored before," Halawi said, referring to stratospheric range, about 20 kilometers above Earth, the report added.

Its capabilities extend to detailed remote observation, with a zoom precision down to 7 inches and the ability to instantly transmit video and images. 

This functionality enables governments to effectively monitor situations like forest fires, protests, border security, and other security concerns. Furthermore, the establishment of the company's first Kenyan base is projected to generate up to 1,000 direct and indirect jobs, the Bloomberg report added.

AALTO's Kenyan operations are set to commence at the start of the next year, with plans to begin serving customers from the third quarter, the report read. 

AALTO has engaged with local telecommunication firms, Safaricom Plc and Telkom Kenya Ltd., to discuss providing connectivity to approximately 3% of Kenya, focusing mainly on remote areas, it added.

Price Action: EADSY shares are trading higher by 1.02% to $37.55 on the last check Friday.

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