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Space Spinout Attracts Major New Investor
Richmond, Canada (SPX) Apr 10, 2007 Canadian-based MacDonald Dettwiler and Associates (MDA) has become the major shareholder with a controlling interest in the company. MDA is an international space and data systems company, most well known for the development of the robotic arm that is part of the International Space Station and the Space Shuttle, and also well known for developing data systems for the UK housing market. Orbital Optics Ltd was formed in early 2006 as the second space science spin out from Rutherford Appleton Laboratory (RAL), based on the technology used to develop the high-resolution imaging camera developed for the TOPSAT satellite. The company develops and sells compact and affordable space cameras capable of producing high quality images. Professor Richard Holdaway, Director Space Science and Technology at RAL, commented "We're very pleased with this investment and the opportunity to work closely with MDA in developing advanced space technology. The team at RAL are justifiably proud of the advanced camera technology we've developed, and it's great to see it taken forward in commercial applications" Welcoming the partnership, Science and Innovation Minister Malcolm Wicks said: "This investment is good news. It's further evidence of how our commitment to science, and the Harwell Campus, is producing a real economic benefit for the UK." Related Links MacDonald Dettwiler and Associates Orbital Optics The latest information about the Commercial Satellite Industry The latest information about the Commercial Satellite Industry
The Future Of Russia And Europe In Space
Moscow (RIA Novosti) Apr 10, 2007The popular 1967 Soviet comedy "The Caucasian Prisoner," which is shown on Russian TV almost every six months, features a song about the benefits and drawbacks of having three wives. |
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