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Eurely Submits Final Proposal for Galileo Concession to EC |
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BRUSSELS, Jan. 26/Satnews Daily/ ¾ Eurely, the consortium formed by Alcatel, Finmeccanica, AENA and Hispasat, submitted on Tuesday its final proposal for the Galileo Concession to the European Commission (EC). The proposal contains details and binding commitments to manage the services of the new satellite-based European navigation system, in addition to the original proposal of September 2004.
According to Eurely, the proposal exceeds EC and European Space Agency requirements for the systems, due to the unrivalled competence and strengths of all its international partners in satellite services. Eurely said the business plan is already fully funded, as equity and other financing, on a non recourse basis, are over-subscribed.
Eurely added its unmatched industrial competence is based on the strong and diverse experience developed by the partners in all space related manufacturing, operations and services as well as applications domains. Eurely still continues to attract major European companies eager to cooperate on an exclusive basis to develop applications in the domain of their expertise. More than 40 companies from a wide variety of business sectors, such as telecommunications, civil works and road management, railways and defense have joined Eurely.
Through these partnerships and the connected capabilities, Eurely is in the unique position to cover all relevant sectors of the future markets for Galileo, such as location based services which are already under development, toll systems, air navigation, emergency applications, transportation safety systems and more, Eurely said in a statement.
The Eurely consortium can build on the unique experience and expertise in high precision navigation systems acquired through its EGNOS activities under the leadership of Alcatel Space as prime contractor to ESA, Eurely said. Today the EGNOS system is utilizing existing GPS signals and is built to increase the integrity and to improve continuity, accuracy as well as the reliability of those signals for transportation applications.
It added the success of the Cassini-Huygens mission with the landing and the operation of the Huygens probe on TITAN, which exceeded the expectations of ESA and Europe, is another strong endorsement of the capabilities of the members of Eurely.
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