Allowing SAS to use DoD systems to monitor their satellites essentially.
Highlights
• The Company has signed an Agreement with the United States of America Department of Defense (DoD) for the safe operation of the Company’s nano-satellites
• Agreement is for the provision of Space Situational Awareness (SSA) services and information to ensure safety of the Company’s nano-satellites
• Agreement further demonstrates the credibility of SAS’s management team within the international Aerospace industry
• The Agreement recognises the mutual objectives of the parties to ensure safe and peaceful space flight operations
• Indian Space Research Organisation successfully launches world record 104 satellites into orbit on 15 February 2017 from the Polar Satellite Launch Vehicle (PSLV) – previous record 33
• SAS’s 3 Diamonds commercial demonstration nano-satellites are confirmed aboard the next PSLV launch – final launch date to be confirmed shortly
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USSTRATCOM has been delegated authority by the US Secretary of Defense to provide Space Situational Awareness (SSA) services and information to Sky and Space Global. USSTRATCOM is responsible for the detection and tracking of all artificial objects in Earth’s orbit and will assist the Company with the safe and long-term operations of its nano-satellites
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The Agreement is effective immediately and open ended. Although it is not a revenue generating contract for SAS, significantly it represents the Company’s first official contract with the United States DoD and confirms the standing of the SAS management team. The DoD has determined that no costs will be charged for the provision of SSA services under the agreement.
SAS Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held
