Satnews Daily
September 20th, 2017

GomSpace Secures MARS2 Project with Infusion from Innovation Fund Denmark

This company will be embarking on a new project now that some additional funding has become available to develop technology that enables high bandwidth communication applications of nano satellites.

GomSpace A/S, a subsidiary of GomSpace Group AB (the ”Company”), together with Aalborg University and Pri-Dana Electronics A/S signed a contract with the Danish Innovation Fund for the Modular Advanced Radio for Satellite Services (MARS2) project.

Under this project the partners will collaborate to develop unique technology, production capability and products to enable high bandwidth communication applications of nanosatellites. Innovation Fund Denmark is supporting the project with 27.000.000 DKK (US$4,312,170) whereof GomSpace’s direct share is 10.000.000 DKK (US$1,596,220). The project will be executed over a four-year period. 

The Company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace's mission is 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.