Just had to change (correct) the post heading to Sky and Space Global, it was driving me nuts!
Just to re-cap……………
Key Highlights:
SSG signs Heads of Agreement with leading EU contractor for the supply of 3 Nano-Satellites
Nano-Satellites specifically designed for SSG’s highly sophisticated and developed communications technology
Nano-Satellites to be delivered “Ready to Launch” to execute the commercial pilot phase of 2-3 satellites to form a constellation and an initial communication network
Execution of the construction contract is a key third party endorsement of the SSG team’s satellite and aerospace credentials
Represents a major milestone on the path to providing a significantly cheaper platform for voice, data and instant messaging services – a market currently worth > $5 billion
>>>>>>>>>>>>>>>>>>>>>>
“Q: We read that one such milestone is signing a launch contract, what is so important in signing such a contract?
A: For satellites, a launch contract is a ticket-to-space, for Nanosatellites it's much more, since they are launched as a ride-share, hitchhiking on a larger satellite launch. The ability to secure a launch date, via a launch contract is crucial for materializing the technology demonstration phase, and this is why we plan to address this challenge as early as possible. “
I wonder how far off we are from getting our “ticket-to-space”?
BUR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held