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Sky and Space Global exits halt to reveal successful tests

3 Diamonds will now commence the commercial operations testing phase.
Sky and Space Global exits halt to reveal successful tests
Shares are expected to open higher

Sky and Space Global Ltd's (ASX:SAS) shares will be back trading this morning after revealing details regarding its orbit testing.

3 Diamonds nano-satellites have been fully certified by GomSpace as the Launch and Early Operations Phase (LEOP) has been completed successfully.

The certification of satellites completes the In Orbit Acceptance Review (IOAR) following the testing phase.

Plan to build 200 nano-satellites 

3 Diamonds will now commence the commercial operations testing phase.

This all contributes to Sky and Space Global’s overall mission of building a constellation of 200 nano-satellites to cover the equatorial belt by 2020.

In doing so, the company will be completing its strategy to provide affordable communication services to Anyone, Anywhere, Anytime.

Meir Moalem, chief executive officer, commented: "We are very pleased that testing of the 3 Diamonds nano-satellites continues to progress successfully and according to plan, and are proud to be demonstrating a number of industry firsts with our technology.

Affordable satellite connectivity to Anyone, Anywhere, Anytime

"We look forward to the coming weeks and conducting the tests of commercial services.

"This is an exciting time for our company and for the wider space industry as we continue to put our disruptive technology and business model into practice, each step moving forward on our journey of delivering affordable satellite connectivity to Anyone, Anywhere, Anytime."

View full SAS profile View Profile

Sky and Space Global Ltd Timeline

Newswire
September 05 2017

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