GomSpace

Today, GomSpace’s subsidiary in Luxembourg and the European Space Agency (ESA) signed a development contract valued at EUR 1,500,000 for the continued development of GomSpace’s mission control system called HOOP by GomSpace Luxembourg SARL.

The development of the Hands-Off Operations Platform (HOOP) to enable autonomous satellite operations for single satellites and constellations was initiated in 2018 (https://gomspace.com/news/gomspace-luxembourg-receives-development-cont.aspx). Today, HOOP is fully flight proven and operationally deployed in customer projects.

The new contract, which will be implemented from January 2024 until November 2025, will enable HOOP to support multiple increasingly complex missions that includes manoeuvring, including for collision avoidance, and that can integrate heterogenous satellite fleets.

“This new contract is a strong sign of our ability to compete in management of complex satellite constellations. This will increase our addressable market significantly for ground control and support,” says Carsten Drachmann, CEO at GomSpace.

The contract is funded by the Luxembourg Space Agency through the Luxembourg National Space Programme LuxIMPULSE and being implemented through ESA.

Charles Koener of the Luxembourg Space Agency says: “We are pleased to see the continued development of GomSpace Luxembourg and its ability to serve a broader market through its HOOP product offering”.

For more information, please contact:
Carsten Drachmann (CEO)
Tel: +45 40 63 40 36
E-mail: cdra @ gomspace.com

About HOOP
HOOP (Hands-Off Operations Platform) manages the entire ground segment, from antennas to end-users. It facilitates satellite operations, network management and mission exploitation. Read more on GomSpace’s webpage.

About GomSpace Luxembourg
GomSpace’s subsidiary in Luxembourg was established in 2017 to offer our customers operations as a service helping to maximize the value gained from operating and exploiting satellite-based infrastructures. Today, 19 skilled colleagues are working at the Luxembourg office.

About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.

Miscellaneous
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, 09:00 a.m. CET on December 20, 2023.