SAS signs MOU with Virgin Galactic

Published at Oct 5, 2016, in Technology

Sky and Space Global Ltd (ASX:SAS) has signed a non-binding Memorandum of Understanding with spaceflight company Virgin Galactic for the potential use of its satellite network to provide connectivity to Virgin Galactic’s 747 carrier aircraft.

Under the terms of the MOU, the two parties will assess technical and commercial parameters to determine whether Virgin Galactic’s modified 747-400 (Cosmic Girl) carrier aircraft can be made compatible with SAS’s space-based nano-satellite communications network.

The MOU presents a commercial opportunity for SAS should the feasibility investigation result in a positive outcome. The parties could work together to develop communications technology to provide connectivity for Cosmic Girl during its flights.

This MOU agreement is non-binding and is yet to realise any commercial value so if looking at SAS for your investment portfolio, seek professional financial advice before making any investment decision.

Previously SAS had announced to the market that it has contracted four dedicated missions on the LauncherOne system from 2018. LauncherOne is Virgin Galactic’s orbital launch vehicle dedicated to the small satellite market.

Each mission on LauncherOne will carry multiple nano-satellites, potentially enabling SAS to rapidly establish a full constellation of up to 200 nano-satellites.

LauncherOne uses Cosmic Girl as a flying launch pad-helping make the service more flexible and more affordable.

SAS is fully funded beyond the launch of its ‘3 diamonds’ pilot network with the Indian Space Research Organisation following the recent oversubscribed $4.5M fund raising. The launch is scheduled for the second quarter of 2017.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Facebook
Twitter
LinkedIn