Orbex and Elecnor Deimos form strategic partnership for satellite launches

(17 July 2018 - Orbex) Following the announcement of Orbex’s £30 million funding round for the development of an orbital space launch system, Elecnor Deimos and Orbex have announced that the two companies have strengthened their relationship: Elecnor Deimos has acquired a stake in Orbex and both companies have signed a strategic agreement, building on previous collaborations between the two companies when successfully bidding together in UK and international tenders.

Under the terms of the agreement, Orbex will become the preferred supplier of all launch services required to place Elecnor Deimos satellites into orbit. Elecnor Deimos will likewise become the preferred supplier of various critical launch systems required to develop and operate the Orbex launcher system, including the Guidance, Navigation and Control (GNC) system.

Recently emerging from stealth mode, Orbex is a UK-based spaceflight company, with subsidiaries and production facilities in Denmark and Germany. The company is constructing a completely re-thought and re-designed orbital launch vehicle, called Prime, to deliver small satellites into Earth’s orbit. The Prime launcher has a novel architecture that eliminates the fundamental mass challenge of small launchers. Prime launchers are up to 30% lighter and 20% more efficient than any other vehicle in the small launcher category, packing more power per cubic litre than many heavy launchers. Orbex will launch orbital vehicles from the newly-announced UK Vertical Launch spaceport in Sutherland in the Scottish Highlands as part of the main consortium.

Elecnor Deimos will contribute with its expertise to the development of the Orbex launcher in areas including:

Guidance, Navigation and Control (GNC) including algorithms, software, test benches and validation and verification processes.

Mission Analysis, Mission Engineering and System Engineering, including flight dynamics, safety range and launcher performance.

Ground Segment Systems, including Command and Control Center, Ground Support Equipment, ranging systems and ground stations.

“Orbex's partnership with Elecnor Deimos is significant for us on a number of levels,” said Chris Larmour, Orbex CEO. “It demonstrates that as well as technological maturity, we have achieved a milestone in business maturity, where we are already in a position to become the preferred launch partner for an organisation as significant as Elecnor Deimos. It also helps us maintain our accelerated pace of development, as we are able to incorporate tried-and-tested critical launch systems from Elecnor Deimos ranging from navigation to ground and mission control systems.”

“The huge potential of Orbex quickly became clear to Elecnor Deimos, which is why we became both an investor in the company as well as a strategic partner,” commented Miguel Belló Mora, CEO, Elecnor Deimos. “By using a number of our advanced navigation and mission support systems, Orbex is leaping ahead in its ability to safely and efficiently execute small satellite launches in the near future. This in turn helps Elecnor Deimos as it gives us access to innovative and efficient launch vehicles, which will be launching from several sites within Europe.”

The smallsat launch market is projected to grow strongly to around $60 billion between 2018-2030, with a strong shift towards more international satellite operators. More than 30 commercial consortia are currrently building smallsats constellations, with almost 12,000 satellites expected to be launched by 2030. Each satellite has a life expectancy of 3-5 years, creating a strong ongoing demand for upgrade and replenishment.

"There is a quiet revolution taking place, thanks to small satellites,” said Bart Markus, Orbex’s Chairman. “Smallsats are now able to perform a huge range of tasks at very low cost, making them a smart choice for satellite operators both commercially and logistically. But there is currently a huge bottleneck in getting them delivered into orbit, which means that satellite operators’ revenues are being delayed. With Orbex, international smallsat operators now have access to a new class of launch service which which was designed exclusively to serve their needs. We intend to relieve the smallsat bottleneck so that satellite operators have a reliable, long-term solution for orbital access.”

About Orbex

Orbex is a UK-based spaceflight company, with subsidiaries and production facilities in Denmark and Germany. The company is constructing a completely re-thought and re-designed orbital launch vehicle, called Prime, to deliver small satellites into Earth’s orbit. Prime launchers are up to 30% lighter and 20% more efficient than any other vehicle in the small launcher category, packing more power per cubic litre than many heavy launchers. Orbex staff members have professional backgrounds with NASA, ESA and several other commercial spaceflight organisations. The company is funded by two of Europe's largest venture capital funds, Sunstone Technology Ventures and the High-Tech Gründerfonds, as well as strategic investor Elecnor Deimos Space, the UK Space Agency (UKSA), the European Space Agency (ESA) and the European Commission Horizon 2020 programme.

About Elecnor Deimos

Elecnor, originally established in Spain, is one of the leading global players in engineering, construction and development of infrastructure projects. ELECNOR DEIMOS is the technology company of ELECNOR with Space as its core business. Elecnor Deimos has been involved in the majority of European Space Agency programmes, including Science, exploration, Earth observation, satellite navigation and launchers, as well as in other institutional and commercial markets. In addition to ELECNOR international presence in more than 60 countries, Elecnor Deimos has subsidiaries operating in Portugal, Romania, UK and Italy.