UPDATE Aug. 16: This story was updated to reflect comments from Swissto12.
LA PLATA, Maryland — Flat-panel electronically steered satellite antenna (ESA) assets from bankrupt Hanwha Phasor Ltd. have been purchased by satellite hardware manufacturer Swissto12 to be put to use in Swissto12's own ESA products, Swissto12 confirmed Aug. 16.
The transaction included only selected assets and did not include purchasing the full Hanwha Phasor business, Swissto12 said.
Founded in 2005, UK-based Phasor has had a rough road since 2019, when it ran into financial . . .
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