Sky and Space Global (SAS) has successfully integrated its first three nano-satellites into the launch pod of leading European launch broker, Innovation Space Logistics BV in the Netherlands
The three SAS nano-satellites, the “3 Diamonds”, will be transported to the Indian Space Research Organisation (ISRO) for the upcoming space launch which is scheduled for late May
The nano-satellites will be launched from the ISRO Polar Satellite Launch Vehicle (PSLV) and will be delivered by Innovation Space Logistics BV
The integration marks another major milestone of the Sky and Space Global journey to commercially launching its nano-satellites in space
Sky and Space Global Ltd (ASX: SAS, “Sky and Space Global” or the “Company”) is pleased to announce the successful integration of its 3 Diamonds nano-satellites into the launch pod of Innovative Space Logistics BV in the Netherlands.
The 3 Diamonds will be transported from the premises of Innovative Space Logistics BV in the Netherlands to India ahead of the upcoming launch, which is scheduled for late May. The nano-satellites will be launched from the Polar Satellite Launch Vehicle (PSLV) of the Indian Space Research Organisation (ISRO). The PSLV launch system has had 37 successful launches so far and its most recent PSLV–C37 was marked by the successful deployment of a record 104 satellites in sun-synchronous orbit.
The integration of the nano-satellites follows the successful completion of the testing of SAS’s Ground and Space Communication systems and software in early April and represents another major milestone in the journey to the commercial launch in May.
‘We are thrilled to mark another major milestone in the lead up to the launch of the 3 Diamonds in May’, said Meir Moalem, CEO and Founder of Sky and Space Global. ‘The whole team is working very hard to ensure everything goes smoothly on the day and we’ve done a lot of testing to ensure seamless performance of the 3 Diamonds nano-satellites in space. We are very excited about the launch and we look forward to the big day.’
The Sky and Space Global Business Plan
Sky and Space Global is the first company to utilise nano-satellites to build a proprietary communications network in the equatorial belt which will deliver affordable communications services for businesses operating in this region and for people living in emerging markets.
The Company is planning to launch a constellation of 200 nano-satellites by 2020, providing full coverage of the equatorial areas of South America, Central Africa, and Southeast Asia. The nano-satellites will be controlled by a proprietary network management software platform enabling the constellation to automatically manage, monitor, and control its motions in orbit.
This technology will allow telecom operators and connectivity service providers to deliver affordable narrow-band services to remote locations and will deliver more affordable connectivity and data services for people and businesses in these regions
SAS Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
