Tranche | Jotup

York Space Systems Establishes Successful Communications with Final Delivery on Tranche 0 Program

Retrieved on:

Saturday, September 2, 2023

Communication, Tranche, SpaceX, Experimental system, Spacecraft, Space Development Agency, Vandenberg Space Force Base, SDA, PWSA, SpaceX launch vehicles, Communications satellite, Television

DENVER, Sept. 2, 2023 /PRNewswire/ -- York Space Systems (York), the Denver-based aerospace company dedicated to the rapid deployment of complete space mission solutions, is reporting successful contact with its final spacecraft delivered in-orbit for the Tranche 0 (T0) Transport program, delivered as part of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture (PWSA).

Key Points:

DENVER, Sept. 2, 2023 /PRNewswire/ -- York Space Systems (York), the Denver-based aerospace company dedicated to the rapid deployment of complete space mission solutions, is reporting successful contact with its final spacecraft delivered in-orbit for the Tranche 0 (T0) Transport program, delivered as part of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture (PWSA).
The satellites were launched on a SpaceX Falcon 9 rocket from Vandenberg Space Force Base on September 2.
With the final spacecraft delivery, York has successfully delivered all of its T0 satellites to SDA, reinforcing its commitment to the SDA's vision and larger PWSA initiative.
Additionally, York is developing 12 experimental satellites as part of the Tranche 1 Demonstration and Experimentation System (T1DES) program, which is expected to launch in 2025.

Alaris Equity Partners Announces an Investment of US$59.5 Million into a New Partner

Retrieved on:

Thursday, August 31, 2023

TSY, Partnership, NOT, CDN, FOR, Shipyard Brewing Company, Culture, Tranche, Trust, TSX, Growth, Shipyard, Common, Security (finance), Life insurance, Alaris

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- (all numbers in this release are in Canadian dollars (CDN$) unless otherwise noted) Alaris Equity Partners Income Trust (the “Trust”) (TSX: AD.UN) is pleased to announce that its subsidiary, Alaris Equity Partners USA, Inc. (collectively with the Trust and its other subsidiaries, “Alaris”) has made an investment of US$59.5 million (the “TSY Investment”) into The Shipyard, LLC. (“TSY” or “The Shipyard”), with a commitment to fund an additional US$5.5 million (“Tranche 2”) if TSY achieves certain financial hurdles.

Key Points:

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- (all numbers in this release are in Canadian dollars (CDN$) unless otherwise noted) Alaris Equity Partners Income Trust (the “Trust”) (TSX: AD.UN) is pleased to announce that its subsidiary, Alaris Equity Partners USA, Inc. (collectively with the Trust and its other subsidiaries, “Alaris”) has made an investment of US$59.5 million (the “TSY Investment”) into The Shipyard, LLC.
(“TSY” or “The Shipyard”), with a commitment to fund an additional US$5.5 million (“Tranche 2”) if TSY achieves certain financial hurdles.
“The Alaris model of investment is perfect for a growing successful company like The Shipyard.
Proceeds of the TSY Investment were used to provide a partial liquidity event to equity holders.

Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on:

Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling. As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030. The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies." Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on:

Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling. As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030. The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies." Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

EQS-News: Space Development Agency taps Mynaric for optical ground station project

Retrieved on:

Tuesday, August 22, 2023

Associate professor, SDA, Northrop Grumman, Atmosphere, Tranche, Space Development Agency, Northrop, Research, Grumman, FRA, Government, NeXT, Raytheon Technologies, LOS, Communications satellite, Mynaric

LOS ANGELES, August 22, 2023 – Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by the Space Development Agency (SDA) to contribute to an optical ground terminal demonstration.

Key Points:

LOS ANGELES, August 22, 2023 – Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by the Space Development Agency (SDA) to contribute to an optical ground terminal demonstration.
The research and development program’s mission, slated for 2025, is to demonstrate the successful connection between various space-based optical communications terminals (OCTs) and an optical ground station designed by Mynaric.
“The ground station will play an important role in delivering high throughput and communication resiliency to the SDA network.”
The principal purpose of this research and development program is to collect data and record findings from the connection between various space-based optical communications terminals and the optical ground station.
This program will serve as risk reduction for follow-on demonstrations focusing on communications between the optical ground station and the Tranche 0 Transport Layer Space Vehicles.

Northrop Grumman Selected to Build Tranche 2 Transport Layer-Beta Data Transport Satellites

Retrieved on:

Monday, August 21, 2023

NOC, Communication, SDA, PWSA, Overalls, Transport, Northrop Grumman, Tranche, Space Development Agency, Northrop, Grumman, NYSE, Communications satellite

WASHINGTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has been selected by the Space Development Agency (SDA) to design and build 36 data transport satellites, the first space vehicles in the latest generation of its low-Earth orbit Proliferated Warfighter Space Architecture (PWSA).

Key Points:

WASHINGTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has been selected by the Space Development Agency (SDA) to design and build 36 data transport satellites, the first space vehicles in the latest generation of its low-Earth orbit Proliferated Warfighter Space Architecture (PWSA).
The team will now update the company’s Tranche 1 design to add new broadcast and tactical communications capabilities to PWSA.
Northrop Grumman will supply 36 satellites for SDA's Tranche 2 Transport Layer-Beta Data Transport Layer.
The design for this latest iteration, known as Tranche 2 Transport Layer Beta (T2TL Beta), builds on the 42 Tranche 1 Transport Layer (T1TL) and 14 Tranche 1 Tracking Layer (T1TRK) satellites that SDA previously announced it had awarded Northrop Grumman.

Lockheed Martin Selected to Deliver 36 Small Satellites to Advance Space Development Agency's Communications Network

Retrieved on:

Monday, August 21, 2023

Lockheed Martin, SDA, Orbit, Tranche, BLOS, Space Development Agency, Transport layer, Lockheed, Acquisition, NYSE, LMT, Communications satellite

LITTLETON, Colo., Aug. 21, 2023 /PRNewswire/ -- The Space Development Agency (SDA) awarded Lockheed Martin (NYSE: LMT) a firm-fixed price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer (T2TL) Beta satellites. T2TL is part of an overarching plan to strengthen deterrence with more resilient space architectures for beyond line-of-sight (BLOS) targeting, data transport, and advanced missile detection and tracking.

Key Points:

LITTLETON, Colo., Aug. 21, 2023 /PRNewswire/ -- The Space Development Agency (SDA) awarded Lockheed Martin (NYSE: LMT) a firm-fixed price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer (T2TL) Beta satellites.
The T2TL Beta variant satellites will work in tandem with SDA's Tranche 1 and Tranche 2 networks.
With this award, Lockheed Martin will deliver at least 88 data communications satellites for SDA's low-Earth orbit military constellation.
Lockheed Martin will deliver advanced technology on its T2TL Beta satellites to enable the proliferated global network and maintain the Proliferated Warfighter Space Architecture's technological and military advantages in space through a hybrid enterprise.

Momentus Inc. Announces Second Quarter 2023 Financial Results

Retrieved on:

Monday, August 14, 2023

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the second quarter of 2023.

Key Points:

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the second quarter of 2023.
“The second quarter marks our first million-dollar quarter with the successful deployment of commercial customers from our Vigoride-6 mission contributing to the recognition of $1.7 million in revenue,” said Momentus Chief Executive Officer John Rood.
Second Quarter 2023 Business Highlights:
In Q2 2023, Momentus grew total revenue by 3,310% year over year to $1.7 million.
Momentus Inc. will host a conference call to discuss its financial results today, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

Installed Building Products Successfully Repriced Term Loan B Facility

Retrieved on:

Monday, August 14, 2023

Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Builders hardware, Tranche, SOFR, Moody's Investors Service, Securities and Exchange Commission of Pakistan, RBC Capital Markets, IBP, Form, Security (finance), NYSE, S&P Global Ratings

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully completed the repricing of the Company's approximately $492.5 million of existing term loans (the “Tranche B-1 Term Loans”).

Key Points:

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully completed the repricing of the Company's approximately $492.5 million of existing term loans (the “Tranche B-1 Term Loans”).
The Tranche B-1 Term Loans mature in December 2028, have no financial maintenance covenants, and are rated BB+ by S&P Global Ratings and Ba2 by Moody's Investors Service.
The pricing of the Tranche B-1 Term Loans bear interest at the adjusted term secured overnight financing rate (“SOFR Rate”) plus 2.00% per annum, or an alternative base rate plus 1.00%.
"The repriced SOFR Rate and alternative base rate are 0.25% below our prior rate, reflecting IBP's current financial standing and a change in loan market conditions since the close of the Term Loan Credit Agreement in December 2021.

Oxurion Receives Funding of EUR One Million under Atlas Special Opportunities LLC (Atlas) Funding Program

Retrieved on:

Friday, August 11, 2023

CET, Diabetes, DME, Tranche, Paratriathlon, EUR, Subscription business model, VWAP, Patient, Brussels Stock Exchange, Pharmaceutical industry

On August 10, 2023, the Company issued 40 convertible bonds with a value of EUR one million to Atlas.

Key Points:

On August 10, 2023, the Company issued 40 convertible bonds with a value of EUR one million to Atlas.
Under the terms of the Subscription Agreement, Atlas has committed to subscribe to up to EUR 20.8 million in mandatorily convertible bonds over a 24-month period, of which it has now subscribed to EUR 8.8 million.
Tom Graney, CEO of Oxurion, said: “We appreciate Atlas’s continued financial commitment to Oxurion and their confidence in THR-149 as we enter the final stretch of the KALAHARI trial.
The trial is evaluating THR-149 versus aflibercept, the market leader, in treating the up to 50% of patients with diabetic macular edema (DME) for whom the current standard of care is suboptimal.