Marcel Hofbauer founded MatriXX Systems in 2003 after gaining experience in the satellite industry working for his father and other companies. He chose the name NanoXX for his line of satellite receivers to stand out from competitors. Frustrated by suppliers who did not implement his ideas, in 2006 he started producing his own receivers through a manufacturer in South Korea. The two X's in NanoXX and MatriXX refer to Marcel Hofbauer and his company which he hopes will continue growing receiver and wholesale sales.