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Longueuil, Quebec (SPX) May 18, 2005 David L. Emerson, Minister of Industry and Minister responsible for the Canadian Space Agency, today announced an investment of $20.4 million in 44 research and development contracts. This investment helps ensure that Canada maintains a global niche market advantage in the design of emerging space technologies and applications. "This funding will allow the Canadian space industry to continue developing leading-edge space technologies, making the Canadian Space Program a driver in the growth of our nation's dynamic economy," said Minister Emerson. "The investments announced today are absolutely critical to enhancing Canada's specialized expertise and spurring the commercialization of innovative technologies that respond to Canadian and global needs." The 44 contracts were awarded through the CSA's Space Technology Development Program (STDP). Companies will develop a range of pioneering space technologies, including:
"These innovative projects will help Canada remain at the forefront of niche markets in telecommunications, spacecraft design and laser sensors," said Marc Garneau, President, Canadian Space Agency. "The STDP program is a critical vehicle supporting the Canadian Space Strategy, which leverages scientific and technological expertise while supporting Government of Canada priorities." Community Email This Article Comment On This Article Related Links Canadian Space Agency SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Bremen, Germany (SPX) Jan 06, 2006OHB Technology affiliated company Orbcomm has announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. |
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