Statement from TeamIndus Regarding Launch Contract Termination With Antrix

Press Release From: Team Indus

Posted: Wednesday, January 24, 2018

"Antrix and TeamIndus are mutually terminating the launch services agreement signed in 2016. Antrix remains committed to encouraging and promoting private enterprise in space. TeamIndus will continue with its goal of building a world class private aerospace company. TeamIndus also thanks Antrix for its assistance and looks forward to collaborating with Antrix in the future to take India higher and further into space. Antrix takes this opportunity to wish TeamIndus all success in its future endeavours."



"TeamIndus has been in talks with the Google Lunar XPrize over the past few weeks and had expressed its inability to meet the 31st March 2018 deadline to complete 500 meter traversal on the Moon. We respect the decision by the organizers to not extend the competition deadline any further and thank them for having created an unique platform that unleashed innovation, created newer technologies and drew in teams from various backgrounds to solve problems of enabling human exploration beyond the Earth orbit.



We have formally, amicably and mutually closed our Launch services agreement with Antrix. We continue to look towards Antrix & ISRO as our preferred partners of choice for all our future endeavours.



At TeamIndus, we are grateful for the support we have received from all our partners, supporters over this journey of 7 years. We are working closely with all of them to ascertain their role as we expand our horizons and work on repeatedly delivering increased capacity, precision of payload to the Moon. More details on our next phase of evolution coming up later this week."





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