Officina Stellare and Skyloom Corp Establish new Joint Venture

Officina Stellare and Skyloom Global Corp have announced the signing of a Letter of Intent (LOI) for the establishment of …
Officina Stellare and Skyloom Corp Establish new Joint Venture
Officina Stellare
Credit: Officina Stellare

Ibadan, 14 October 2024. – Officina Stellare and Skyloom Global Corp have announced the signing of a Letter of Intent (LOI) to establish a Joint-Venture (JV), named Skyloom Europe.

Skyloom Europe aims to revolutionize global telecommunication infrastructure through a high-throughput production plant in Italy. This facility will focus on manufacturing optical communication terminals for advanced encryption techniques utilizing quantum coding (QKD) for airborne and space applications such as multi-orbit satellite network services.

Strategically positioned in the Veneto region, close to Officina Stellare headquarters, the joint venture will
leverage mutual engineering and production synergies. Skyloom Europe will consequently mass-produce existing technologies and pioneer in-house R&D initiatives to develop innovative products for secure optical communications. This includes Quantum Communication free-space systems for space and airborne connectivity thanks to the mature QKD technologies already available at Officina Stellare.

Skyloom Europe’s commercial strategy aims to establish itself as a formidable supplier with a strong focus
on the European markets, significantly strengthening the continental supply chain. As a result, with its vision to transition from a product-centric company to a leader in high-performance and secure telecommunications and connectivity services in Europe, Skyloom Europe represents a technological and industrial advancement and a strategic national asset for Italy and a significant player in the European telecommunications landscape.

Speaking about the joint venture, Gino Bucciol, Vice President and Chief of Business Development at Officina Stellare, said, “This achievement highlights the dynamic growth of the optical communications market and the increasing interest from European governments and institutions. The Vice President also added, “Skyloom Europe will transform airborne and space connectivity across European civil and military sectors. We’re boosting security, speed, and accessibility in airborne and satellite communications, addressing crucial needs in sectors like Defense and SATCOM.”

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