NuSpace and GomSpace signs MoU to develop an extended value proposition in Singapore NewSpace
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Singapore, 15th February 2023 – NuSpace has signed a Memorandum of Understanding (MoU) with GomSpace, a Danish listed company which provides systems integration, advanced miniaturised radio technology and cubesat platforms.
The partnership between GomSpace and NuSpace is expected to facilitate the development of space projects and strengthen both companies’ market positions in Singapore. The MoU represents a commitment to collaboration and innovation in Singapore’s space industry and is expected to create new opportunities for both companies to expand their reach and impact.
“The relationship with the NuSpace team dating back to the early days of CubeSats in Singapore and the Galassia program. It has been a long and beneficial cooperation where we have built a lot of trust, respect, and efficiency. With the MoU we formalize this relationship with aim to capitalize on both sides strength to develop unique value proposition towards Singapore Space ecosystem and stakeholders. Partnering is part of GomSpace DNA and team’s successes can be greater than individuals.” Said Troels Dalsgaard, CFO & Interim CEO of GomSpace.
Ng Zhen Ning, CEO of NuSpace commented that, “We are pleased to have signed a Memorandum of Understanding with GomSpace, a Danish company listed in Sweden with extensive experience in space technology. Our partnership will leverage the respective strengths of our companies to create a joint approach to facilitate the development of space projects in Singapore. We hope that our collaboration with GomSpace will lead to the creation of innovative solutions that improve outcomes for various projects. We are excited to be working with GomSpace and look forward to the positive impact this partnership will have on our market positions in Singapore.”
For more information, please contact:
Ng Zhen Ning (CEO)
Tel: 93204515
Email: zning@nuspace.sg
About GS Sweden AB
The Company’s business operations are conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.
About NuSpace Pte. Ltd.
NuSpace is a small satellite builder that aims to be the leader of providing small satellite services in the Asia Pacific region. They offer Satellite-As-A-Service and satellite-based IoT connectivity. Satellite As A Service provides satellite mission design and analysis, satellite building, and payload ridesharing, and develop custom components if needed. The Company is developing a LoRaWAN-based constellation of IoT nanosatellites to serve areas with poor infrastructure, providing reliable connectivity for delay-tolerant applications in industries such as asset tracking and agriculture. For more information, please visit www.nuspace.sg.
