GomSpace expands operations and introduces new satellite technologies
Nanosatellite manufacturer GomSpace has been active on multiple fronts, including a stock market listing, new partnerships, and satellite project development. The company is also expanding its global presence.
GomSpace, specializing in the manufacturing of nanosatellites, has made significant advancements between mid-2016 and autumn 2017. The company secured substantial funding by listing on the main segment of Nasdaq First North Stockholm in June 2016 and subsequently carried out several private placements.
In November 2016, GomSpace acquired Nanospace AB and established a new Danish subsidiary to facilitate satellite launches. The company has also entered into strategic agreements with various entities, including Aster Labs for CubeSat reselling in North America, and a collaboration with IFU (Investment Fund for Developing Countries) for satellite projects in Africa.
GomSpace has received orders from both public and private clients, including the European Space Agency (ESA) and the German Aerospace Center (DLR), for nanosatellites and related systems. The company has also expanded its offices into Asia and North America, aiming to ensure global reach.
The company continues to invest in research and development, forming collaborations with institutions like Aarhus University and securing funding from the Innovation Fund Denmark for the development of new satellite technologies. Financial results for fiscal year 2016 and subsequent quarterly reports have been central to the progression of the company's growth strategies.