[SatNews] ELIGOS, Inc., an affiliate of The Elwing Company, has won second place in the NewSpace Business Plan Competition at Stanford University.

Sponsored by the Space Frontier Foundation and NASA’s Emerging Space Office, and supported by The Space Angel Network and ATK, the NewSpace Business Plan competition “aims to assist and showcase new start-ups and expanding firms who can demonstrate both the ability to provide a return on investment and the capacity to contribute to opening the space frontier.”

This award validates the company's strategy and recognizes the relevance of the development of more powerful and efficient electric propulsion systems. It further validates ELIGOS' belief that Elwing’s E-IMPAcT electric propulsion technology for satellites and spacecraft will enable mankind’s efficient utilization of space into the next generation.

The Elwing Company conceives, designs, develops, manufactures, and markets advanced propulsion systems for satellites. Established in 2002, The Elwing Company is privately held and has offices, affiliates and subsidiaries throughout the U.S. and in Europe. Elwing has been granted more than 20 patents in more than fifteen jurisdictions on its technology innovations, including U.S. patent 7,461,501 and European patent EP 1,460,267. Elwing is focused on primary leadership in the next generation of electric propulsion for spacecraft, opening the way for faster electric orbit-raising by leveraging its exclusive, patented technological breakthroughs.

Additional information is available at http://www.elwingcorp.com