Dutch Space To Further Fund Orbital Recovery

SPACE TRAVEL

Dutch Space To Further Fund Orbital Recovery ConeXpress Development

Primary mission of the CX OLEV will be to prolong the in-service lifetimes of expensive geostationary orbit telecommunications satellites, which currently are junked when their on-board fuel supply runs out. The space tug also can be used to rescue spacecraft that have become stranded during orbital positioning maneuvers.

London (SPX) Apr 29, 2004
The Netherlands' Dutch Space has agreed to a major investment in Orbital Recovery Ltd., providing strategic contributions that will enable the ConeXpress Orbital Life Extension Vehicle (CX OLEV) to enter service in 2007.

Dutch Space has joined the team that is financing the CX OLEV's design and development as the lead strategic investor, and its commitment brings Orbital Recovery Ltd. Near to completing its second round of funding for the innovative space tug program.

"We particularly welcome Dutch Space as a shareholder and board member," said Phil Braden, Chief Executive Officer of Orbital Recovery Ltd. "They bring major industry expertise and resources to our team, and further exemplify our focus on using European technology and industry. "

Orbital Recovery recently initiated the B1 Phase of its program, which is funded by the company and the European Space Agency under its ARTES 4 Public-Private Partnership initiative.

The CX OLEV will serve as an orbital "tugboat" -- providing the propulsion, navigation and guidance required to maintain telecommunications satellites in their proper orbits for years beyond the normal fuel depletion.

Dutch Space was selected last November as the CX OLEV prime contractor, and the company is leading a team performing the spacecraft's preliminary design review. This activity is backed by funding from private sources and by the European Space Agency through the ARTES 4 Public-Private Partnership program.

The marketing campaign for ConeXpress ORS also is underway, and advanced discussions are being held with several operators for early missions of the space tug. As a result, allocation of flight opportunities has begun, and the initial launch slots are in the process of being assigned.

SPACE TRAVEL

Orbital Recovery Gives Go-ahead For ConeXpress Space Tug

Leiden - Mar 30, 2004
Orbital Recovery Ltd. Has formally initiated the development of its ConeXpress ORS space tug in a program leading to the start of full-scale production this September, and the first launch in 2007.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.