everblu capital – 29 april 2019, page-18

bin wood isn’t wrong..

https://unauthorised investment adv...generation-nanosatellite-launch-moves-closer/

Special report: An analyst has put a 74c share price target on ASX-listed nano-satellite maker Sky and Space Global.

The valuation by EverBlu Capital Research is 92 per cent higher than the stock’s (ASX:SAS) 5.4c close on Friday.

The reason EverBlu gives for its optimism is the steady progress Sky and Space has made in preparing to launch its next-generation Pearls nanosatellites as well as growing demand for small satellite technology.

Last week, the company put out a wide-ranging company update, telling investors about the significant progress it has made toward launching the world’s first fully-autonomous nano-satellite communications network.

Sky and Space plans to launch 200 of its Pearls nanosatellites over the course of 2019 and 2020.

The first batch is still on track for next year with finishing touches underway on the production facilities, installation and propulsion systems.

It’s just one of a number of behind-the-scenes developments happening at Sky and Space.

The company says it’s nearing the end of the tender process for the development of its the portable end-user devices, which will enable users to access the new communications network and make voice calls and send instant messages.

The company says it’s also made ‘significant progress’ in the development of its proprietary software, which will enable the nano-satellite constellation to operate autonomously – a world first.

Further software development also underway will ensure that, by the time the Pearls are ready for launch, key functionalities including the nanosatellites’ payload, orbit and fuel consumption can all be tracked.


Everblu sounds like bad news....