ASX listed SAS on track to launch first nano-satellite into space
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Sky and Space Global (ASX:SAS) has successfully completed the preliminary design stage in developing its flagship ‘3 Diamonds’ nano-satellite, expected to begin construction in Q3 2016.
For those who missed the memo, nano-satellites are much smaller versions of existing satellites, weighting up to 10kg but still be able to send/receive data for communication purposes.
Nano satellites have the potential to drastically reduce satellite launch and maintenance costs as well as offering the opportunity to launch multiple satellites at one time. According to The Economist, there will be more than 1,000 nano-satellites launched in the next 5 years.
SAS is developing a proprietary design for its nano-satellite product that will go into production later this year.
In an update to shareholders, SAS said that it has “achieved a major construction milestone” by completing the Preliminary Design Review (PDR) 3 Diamonds at facilities belonging to development partner, GomSpace. GomSpace is a Danish nano-satellites contractor that offers full mission solutions for the global space industry and is actively involved in the research and demonstration of nano-satellite infrastructure.
As part of the PDR, the SAS team analysed all mission aspects and all nano-satellite components, with special attention given to the expected performance at operational scenarios. Having now passed the critical proof-of-concept PDR stage, SAS is confident 3 Diamonds meets all accepted global specifications and requirements.
The completion of its PDR requirement was a mandatory (and operationally critical) milestone required to maintain the current schedule of SAS’s first space launch in Q2 2017. The launch will be aboard an ‘Indian Polar Satellite Launch Vehicle’, better known as a ‘PSLV’. SAS can now also move to the Critical Design Review (CDR) stage where a more detailed design will implemented and tested.
The construction of SAS’s ‘3 Diamonds’ system is on schedule to commence in Q3 2016, with the launch on the Indian Polar Satellite Launch Vehicle in 2017.
With understandable cheer at meeting its development milestone target, SAS CTO Mr. Meidad Pariente said, “Passing the PDR verifies our initial design and assumptions, lowers the risk of schedule delays and provides us with an additional layer of certainty”. Commenting on its development partner GomSpace, Mr. Pariente added, “GomSpace is proving their credentials as a capable and professional construction partner and we look forward to now progressing toward the Critical Design Review [CDR] milestone with them.”
Successful acquisition of all required technical permits including the CDR will allow SAS to deploy nano-satellites constellations of 30+ devices in to Earth’s orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.
Earlier this year, SAS went to the market to fund its lofty ambitions — raising A$4.5 million in an oversubscribed capital raising that was considered a strong endorsement of its technology and potential applications.
Sky and Space Global aims to provide low cost, nano-satellite communication coverage on a much more democratized and accessible basis compared to the existing status-quo. As a loose comparison, SAS is betting on nano-satellites becoming ubiquitous and widely desirable consumer items that people will want to purchase on an individual basis — similar to how adoption of Personal Computers (PC’s) began in the 1980’s/1990’s.
The benefits could potentially include private satellite services and better security for global communications.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.