New Space

Maris-Tech Announces Full Year 2023 Financial Results and a Record Revenue Year

Retrieved on: 
Thursday, March 21, 2024
New Space, Growth, Partnership, UAV, Artificial intelligence, Art, UAS

Gross profit for the year ended December 31, 2023, was approximately $1.9 million, an increase of 138% compared to approximately $0.8 million for the year ended December 31, 2022.

Key Points: 
  • Gross profit for the year ended December 31, 2023, was approximately $1.9 million, an increase of 138% compared to approximately $0.8 million for the year ended December 31, 2022.
  • Net loss for the year ended December 31, 2023, was approximately $2.7 million, a decrease of 27% compared to approximately $3.7 million for the year ended December 31, 2022.
  • We ended 2023 with significant growth in revenues and backlog, with new and repeat customers and an expanded global footprint.
  • In October 2023, we launched the Jupiter Drones, an ultra-compact AI-powered video analytics product, for the unmanned aerial vehicle market.

Frontgrade Introduces Qualified Plastic Arm Microcontroller for New Space Missions

Retrieved on: 
Monday, March 18, 2024
Semiconductor, Defense, Satellite, Technology, Aerospace, Manufacturing, Other Defense, Cortex, LEO, New Space, Microcontroller, BGA, Electronics, PEM, ARM Cortex-A53, Radiation, Ecosystem, Multimedia, Video game

Frontgrade Technologies, a leading provider of mission critical electronics for aerospace and defense, has introduced its first plastic-encapsulated Arm® Microcontroller to the Space market.

Key Points: 
  • Frontgrade Technologies, a leading provider of mission critical electronics for aerospace and defense, has introduced its first plastic-encapsulated Arm® Microcontroller to the Space market.
  • View the full release here: https://www.businesswire.com/news/home/20240318150311/en/
    The UT32M0R500 Plastic Microcontroller adds superb functionality to New Space programs.
  • “Adding another plastic device to our portfolio that is qualified to NASA’s Space PEM Level 2 strengthens our position as a trusted provider of high reliability, radiation-assured devices for critical space missions.”
    Frontgrade’s plastic Arm Microcontroller has a small footprint designed with ease of implementation in mind.
  • The device’s rugged plastic ball grid array (BGA) package also has the same input/output configuration and features as Frontgrade’s ceramic QML Arm Microcontroller.

Morpheus Space Releases its Second-Generation Propulsion System With Enhanced Mobility Capabilities, The GO-2

Retrieved on: 
Monday, March 18, 2024
Safety, Morpheus, New Space, CNBC, Journey, 6U

EL SEGUNDO, Calif., March 18, 2024 /PRNewswire/ -- Morpheus Space, a leading provider of in-space mobility products, has unveiled its second-generation electric propulsion system, the GO-2.

Key Points: 
  • EL SEGUNDO, Calif., March 18, 2024 /PRNewswire/ -- Morpheus Space, a leading provider of in-space mobility products, has unveiled its second-generation electric propulsion system, the GO-2.
  • Designed for mass production across the New Space industry, GO-2 is reliable and easy-to-use, and serves as a building block to addressing larger satellites and broader market needs.
  • "This self-contained, plug and play, electric propulsion system is one of the most capable, efficient, and innovative products for mobility in space," says Morpheus Space CEO Daniel Bock.
  • "With GO-2 and Journey, Morpheus has delivered two back-to-back marquee products to the New Space sector," says Morpheus Space President Kevin Lausten.

EQS-News: OHB signs contract for study to develop reconnaissance capabilities at European level

Retrieved on: 
Tuesday, January 30, 2024
Credit Suisse, Commission, New Space, DG, Civil service commission, European Commission, Conference, OHB, Atmosphere, Renewable energy

So far, however, only individual member states have satellite systems, meaning that reconnaissance data is primarily collected for their own use.

Key Points: 
  • So far, however, only individual member states have satellite systems, meaning that reconnaissance data is primarily collected for their own use.
  • The contract for the study was signed yesterday by OHB Group CEO Marco Fuchs and Timo Pesonen, Director General of DG DEFIS, at the 16th European Space Conference in Brussels.
  • “It is a great opportunity for OHB to work closely with the European Commission to define such an important system for Europe.
  • Further partners in the European consortium are Geosystems (Germany and Greece), OHB Digital Services (Germany), Tekever (Portugal), Geo4I (France), OHB Sweden (Sweden), Officina Stellare (Italy) and Bird & Bird (France).

ReOrbit: For enhanced mission efficiency, satellites need to be considered as architectures defined first by software - report shows

Retrieved on: 
Wednesday, November 15, 2023
Growth, New Space, Software, Mobile phone

Hardware has become increasingly commoditized and less differentiated, whilst the focus has been shifting to software.

Key Points: 
  • Hardware has become increasingly commoditized and less differentiated, whilst the focus has been shifting to software.
  • The findings come from a new global market report " Software-first satellites: essential growth lever for space ", produced by ReOrbit, together with Euroconsult.
  • The report outlines four main benefits, as well as challenges and trade-offs of a software-first approach.
  • Our flight software enables our satellites to become highly autonomous, interconnected, reconfigurable, and serviceable, hence, providing the customers with solutions optimised for efficiency, connectivity, and security."

SXSW EDU® Emphasizes Pedagogy and the Power of Community in 2024 Programming Lineup

Retrieved on: 
Wednesday, October 25, 2023
Accessibility, WOMEN, Bank, COLOR, Cooking, Equity, Texas Parks and Wildlife Department, SXSW, JPMorgan Chase, Aircraft, Parent, Supreme court, STEM, Web access management, Justice, Bank of America, Social work, Teaching, University, New Space, OECD, Conference, Foot, GAP, Learning, Global e-Schools and Communities Initiative, Teaching & Learning Academy, ALL, Education, Innovation, Aldrin, SUCCESS, Board President's XI (India), Thunderbird School of Global Management, Wharton School of the University of Pennsylvania, Environment, Harriet Miers Supreme Court nomination, Student, ACTION, EdX, Disability, WEF, Associate, Tutoring, Management, Tourism, Native, Policy, United

AUSTIN, Texas, Oct. 25, 2023 /PRNewswire/ -- Today, SXSW EDU® announced the majority of the conversations, panels, and workshops making up its 2024 Conference & Festival. The renowned education convening, held from March 4-7, 2024, will feature 208 sessions and counting, all selected through the community-driven PanelPicker® process. With a heavy focus on tracks such as Teaching & Learning and Equity & Justice, accepted programming will cover topics ranging from utilizing AI to help teachers simulate success to navigating post-SCOTUS affirmative action.

Key Points: 
  • The renowned education convening, held from March 4-7, 2024, will feature 208 sessions and counting, all selected through the community-driven PanelPicker® process.
  • The top five overarching tracks hosting the most approved content include Teaching & Learning, Equity & Justice, Leadership for Tomorrow, Health & Wellbeing, and Community Initiatives.
  • "The PanelPicker process illuminates the most relevant topics and issues that matter to SXSW EDU's global community.
  • (Work Reimagined)
    Juanita Soranno, Vice President, Global Social Impact & Innovation, edX
    To learn more about the exciting 2024 program, please visit sxswedu.com/ schedule .

EQS-News: MIG Capital co-leads seed investment in French space tech company Look Up Space

Retrieved on: 
Thursday, June 22, 2023
Maintenance, CNES, ESA, General Michel, OneWeb, Orbit, Exploration, MIG, Central African Mining and Exploration Company, Radar, Risk, SSA, Behavior, Safety, Security (finance), Renewable energy, Communications satellite, New Space

Public subsidies were provided as part of France 2030 and the French Tech Seed fund.

Key Points: 
  • Public subsidies were provided as part of France 2030 and the French Tech Seed fund.
  • Look Up Space is now positioned as a key player in Europe's New Space and aims to become a world leader in space security.
  • The funds will enable Look Up Space to develop its "SORASYS" space surveillance radar system and "SYNAPSE" its multi-source data fusion and processing platform by the end of 2024.
  • Look Up Space will also provide the ability to detect unusual maneuvers or even irresponsible behavior in space.

EQS-News: Look Up Space raises €14m to secure in-orbit space activities and make space sustainable

Retrieved on: 
Wednesday, June 21, 2023
Maintenance, CNES, ESA, Military, Orbit, MIG, Radar, Risk, Growth, SSA, Investment, Safety, French Space Command, Security (finance), Shipbuilding, Communications satellite, Satellite navigation device, Renewable energy, New Space

Look Up Space is now positioned as a key player in Europe's New Space and aims to become a world leader in space security.

Key Points: 
  • Look Up Space is now positioned as a key player in Europe's New Space and aims to become a world leader in space security.
  • This makes Look Up Space the recipient of the second-largest seed funding round for a Space Tech in Europe, and the largest to date in France (sources: Crunchbase, Space Tech Database by dealroom.co).
  • The funds raised will enable Look Up Space to develop its "SORASYS" space surveillance radar demonstrator and its "SYNAPSE" multi-source data fusion and processing platform by the end of 2024.
  • "Look Up Space is committed to sustainable space.

Vyoma tops up Seed round with Safran Corporate Ventures

Retrieved on: 
Tuesday, June 20, 2023
Summer, European Union Space Programme, Happiness, Partnership, Safran, Space traffic management, Corporate venture capital, STM, New Space, Growth, Telescope, Seed, SSA, Safety, Automation, Communications satellite, Cryptocurrency, Vyoma Nandi

Safran Corporate Ventures participates in an 8.5 M€ Seed extension round.

Key Points: 
  • Safran Corporate Ventures participates in an 8.5 M€ Seed extension round.
  • MUNICH, June 20, 2023 /PRNewswire/ -- Vyoma, a Germany-based Space Situational Awareness (SSA) and Space Traffic Management (STM) company, announces the closure of its Seed round with Safran Corporate Ventures as co-investor.
  • Florent Illat, Head of Safran Corporate Ventures, states: "For Safran Corporate Ventures, this investment in a Germany-based New Space startup reflects our strategy of supporting companies developing disruptive technologies that are strategic for Safran and in line with French-German collaboration to strengthen the European Union's sovereignty."
  • This latest investment completes an extended Seed financing round during the Summer of 2022, led by Happiness Capital and Atlantic Labs, and complemented by Lisbon-based Faber Ventures.

Sidus Space and Maris-Tech Announce Agreement for AI Driven New-Space Ultra-HD Video System

Retrieved on: 
Tuesday, June 20, 2023
Acceleration, Educational Launch of Nanosatellites, Spacecraft, Israel Innovation Authority, Algorithm, Ultra, Artificial intelligence, New Space, AI, Maris, Israel Beer

Rehovot, Israel, Cape Canaveral, Florida, US, June 20, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of edge AI accelerated video solutions for edge platforms, and Sidus Space, Inc. (NASDAQ: SIDU) (“Sidus Space”) a multi-faceted Space and Defense-as-a-Service satellite company, announced an agreement to collaborate on developing a system for peripheral photography, recording, transmission, and artificial intelligence for nanosatellites and space tools.

Key Points: 
  • “The collection and transmission of high-quality video and still images is a key component of our emerging, high-margin, data-as-a-service, recurring revenue streams.
  • With the launch of LizzieSat set for the fourth quarter of this year, we are thrilled to work with Maris-Tech to develop an innovative, AI driven, situation-awareness-solution that answers a critical need in the New Space market.” said Carol Craig, Founder and CEO of Sidus Space.
  • "We are proud and excited to partner with Sidus Space in this innovative project, which positions Maris-Tech’s entry as part of the prestigious international New-Space club.
  • The comprehensive platform will allow cameras in space to take and transmit high-quality video and still images and implement AI algorithms at the edge in real-time.