Ibadan, 18 October 2024. – Orbit Fab has announced multiple strategic collaborations with European space companies, seeking to revolutionize how satellites currently operate by driving innovation in space refuelling technology. The company offers satellite operators the ability to extend the lifespan of their spacecraft, removing the current ‘single-use’ paradigm.
Each new collaboration commenced this week during the International Astronautical Congress (IAC) in Milan, with a total of four Memorandums of Understanding (MOUs) signed on the UK Pavilion between the company and new partners D-Orbit, DEIMOS, Infinite Orbits and Magdrive.
The new partnerships will consequently allow Orbit Fab leverage expertise from industry leaders in spacecraft technology, propulsion and orbital management, accelerating the development and deployment of in-orbit refuelling technologies essential for sustaining In-Orbit Servicing and Manufacturing (IOSM) and satellite life extension capabilities.
In addition, the new business relationships will strengthen Orbit Fab’s European network, playing a crucial role in advancing the company’s vision to create a bustling in-space economy, supporting permanent high-skilled jobs through the first sustainable in-space propellant supply chain.
In addition to the new partnerships, Orbit Fab continues to engage with European regulatory bodies and space policy stakeholders to ensure that in-space refueling becomes a critical component of future space exploration and satellite management. The company’s European expansion reinforces its dedication to supporting sustainable space operations through innovation and collaboration.
Speaking on the new collaborations, Daniel Faber, Orbit Fab CEO and co-founder, stated “These agreements are an important step in deepening our partnerships with key firms across Europe. D-Orbit, Deimos, Magdrive and Infinite Orbits share our passion and drive to build a bustling orbital economy with new in-orbit services. As European interest in refuelling has grown our team in the UK has expanded and formed strong links with each of these companies.”