Sky and Space Global completes critical design review

Published at Sep 8, 2016, in Technology

Another milestone has been ticked off by Sky and Space Global (ASX:SAS) as the Critical Design Review (CDR) stage for its nano-satellites has been successfully completed.

The CDR was carried out by leading European aerospace construction partner GomSpace, who conducted independent technical reviews and validation testing that was required for SAS to proceed with its technology and designs.

The process involved review of the schedule, overall design, altitude control performance, and system budgets (mass, power and link).

No major issues were identified, with the project progressing as scheduled.

SAS will now commence assembly and integration of its ‘3 diamonds’ nano-satellites that are scheduled for completion mid-January 2017.

Which will then be followed by on the ground testing of the nano-satellite hardware, software and communications systems.

Today’s positive news flows on from SAS receiving technical validation for its communications software earlier in the week.

The contracted launch date for the satellites is set for Q2 2017 to which SAS is fully funded up until including the commercial testing in space, following a recent oversubscribed $4.5M capital raising.

Initial customers are already secured for the bandwidth the ‘3 diamonds’ will produce, allowing for near term revenue generation.

However, how much revenue will be generated and an exact date is yet to be determined, so seek professional financial advice if considering this stock for your portfolio.

SAS aims to have a global constellation of nano-satellites providing low cost communication solution for remote locations.

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SAS still has a way to go in commercialising its product and there is no guarantee it will lead be a success so please display caution and seeking expert advice prior to making any investment decision.

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.

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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.

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