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Australia’s Sky & Space Global Signs MoU With China Great Wall Industry Corporation For Pearl Constellation Launch

3 Diamonds Satellites; Credits: Sky and Space Global

Sky and Space Global Ltd. (SAS), the New Space satellite communications company that is listed on the Australian Stock Exchange, has signed a Memorandum of Understanding (MOU) with China Great Wall Industry Corporation (CGWIC) for the potential launch of SAS’s Pearl constellation of satellites.

Under the terms of this MOU, SAS will first assess whether CGWIC’s capabilities meet its technical and operational launch requirements. If they do, the two will enter into formal contract negotiations for the provision of launch services for SAS’s Pearl constellation of nano-satellites.

Additionally, SAS and CGWIC will explore the potential for broader collaborative projects and commercial relationships, seeking to leverage existing CGWIC partnerships and expand the reach of the SAS network into the greater China region.

“This is first step in securing additional launch capabilities for our constellation of nano satellites, which was always part of our business plan,” said Meir Moalem, the global CEO OF SAS. “The first launch remains on schedule for 2019, and all subsequent launches will take place shortly thereafter.”

“Given the complexity of the launch and constellation, we are working to de-risk this process and are excited to work with multiple prestigious launch services providers,” he added. “China Great Wall Industry Corporation is a well-known and reliable player in the international launch services industry, not to mention the main space cooperation company in China, and we are confident that we will have a long and fruitful relationship. We are also planning to continue working with CGWIC to expand our business relationships in China.”

“This MOU is the product of a steadily growing relationship with Sky and Space Global which I anticipate will be mutually beneficial, said Fu Zhiheng, executive vice president of CGWIC. “We believe that Sky and Space Global is a pioneer in next generation usage of nano-satellites and will be a major launcher of nano-satellites in years to come. We are very excited for the opportunity to support Sky and Space Global’s business plan and to assist SAS’ in business collaboration in the Greater China region.”

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