Latest news with #ISAM
Belfast Telegraph
a day ago
- Business
- Belfast Telegraph
Space industry company announces expansion in Newry
Resonate Testing said it had scaled up its operations and applied for planning permission for a new facility on its site. It has also installed a testing system known as a thermal vacuum chamber (TVAC) used to simulate the harsh conditions of space. It has also added a 'shaker table' for electrical vehicle and space sector clients requiring large battery testing capabilities. Tom Mallon, managing director of Resonate Testing, said: 'The addition of TVAC significantly enhances our profile within the UK and Irish space sectors,' he said. "However, it's clear that further infrastructure is needed to support the long-term growth of this industry. "Our hope is that plans recently submitted for a new, purpose-built facility on our existing site, designed specifically to meet the future testing demands of the space sector, will ultimately serve as a centre of excellence not just for Resonate Testing, but for all of our colleagues operating in this industry.' The facility would serve clients across the UK, Ireland and wider EU. And Mr Mallon said the company had received support from the industry, and economic development agency Invest NI. He added: 'The positive response from the space sector has been overwhelming, and we're especially thankful for the continued support from our returning customers. "Their trust has enabled us to invest in new equipment, facilities, and skilled personnel. "We also must pay homage to Invest NI which has been steadfast in its support for us and our peers over the last number of years.' Resonate Testing is taking part in the ISAM conference on Wednesday and Thursday June 4 to 5 at the ICC in Belfast.
Time of India
07-05-2025
- Business
- Time of India
IIT-Bombay incubated spacetech startup InspeCity secures $5.6 million in seed funding
Live Events IIT Bombay-incubated spacetech startup InspeCity, which is building technology for satellite life-extension , announced it has secured a $5.6 million (about Rs XX) seed funding round, led by Ashish Kacholia and participation from Speciale Invest, Shastra VC, Antler India, DeVC, MGF-Kavachh and Anicut aims to focus on building solutions for in-space servicing, assembly and manufacturing (ISAM) and in-space Mumbai-based startup said it will use the capital to continue its research and development and scale up to commercialisation. It wants to develop a fully vertically integrated platform for life-extension, with propulsion, robotics, and rendezvous, proximity operations and docking (RPOD) technologies developed under the same roof. Arindrajit Chowdhury , CEO of InspeCity and professor at the Department of Mechanical Engineering at IIT Bombay , told ET that it will conduct a demo mission in 2027 during which it will fly a satellite to space and test its propulsion systems 'We're targeting a global market known as ISAM. It's projected to be about $14 billion by 2030, growing strongly. We want to corner that with VEDA (Vehicle for Life Extension and De-orbiting Activities) as a global offering, and also by selling propulsion systems,' he said at the satellite level, there's been only one successful life-extension or refuelling mission so far—done by Northrop Grumman around 2020. 'Despite big investments, like NASA's multi-billion-dollar refuelling and capture mission, the technology hasn't matured to TRL-9 universally. It's still early days. There's a massive opportunity for a new player to capture this market,' he believes InspeCity's development and build costs are likely to be lower than those of global startup said while the US and Europe are important markets for spacetech, Southeast Asia and West Asia are coming up as major hubs. Last year, it signed a memorandum of understanding with Japanese startup Orbital Lasers to explore laser-based solutions for removing space debris.
