Latest news with #SpaceTech
Yahoo
24-05-2025
- Business
- Yahoo
Redwire Corporation (RDW) Awarded Critical Avionics Technology Contract for ESA's NGGM Satellites
Redwire Corporation (NYSE:RDW) on Thursday announced that it had received a critical avionics technology contract from SpaceTech GmbH for the European Space Agency's (ESA) Next Generation Gravity Mission (NGGM) satellites. These satellites are ESA's contributions to the Mass Change and Geophysics International Constellation (MAGIC), an Earth observation satellite constellation, planned by ESA and NASA, to measure fluctuations in Earth's gravitational field. The joint mission will involve four satellites – two GRACE satellites built through NASA and the German Aerospace Center, and two NGGM satellites developed through ESA. The constellation is expected to provide critical data related to water management applications, including sea levels, floods, glacier melts, and drought monitoring. Redwire Space NV, a wholly-owned subsidiary of Redwire Corporation (NYSE:RDW) will design and develop the engineering qualification model of the spacecraft's ICU, which will control and manage NGGM's primary scientific instrument. It will also be responsible for collecting and processing data, as well as communication between the instrument and other systems of the satellite. Mike Gold, the President of Redwire Corporation (NYSE:RDW)'s Civil and International Space Business, stated the following on the contract award: 'We are proud to bring our unparalleled expertise in spacecraft avionics and control systems to support ESA's contribution to this important multinational mission. Redwire's flight-proven, high-reliability avionics is perfectly suited for the complexity of NGGM and MAGIC, and continues to enable Europe's most game-changing missions, including IXV, Proba-2, Proba-V, and Proba-3, with additional missions scheduled for launch in the future.' While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Redwire Corporation (RDW) Awarded Critical Avionics Technology Contract for ESA's NGGM Satellites
Redwire Corporation (NYSE:RDW) on Thursday announced that it had received a critical avionics technology contract from SpaceTech GmbH for the European Space Agency's (ESA) Next Generation Gravity Mission (NGGM) satellites. These satellites are ESA's contributions to the Mass Change and Geophysics International Constellation (MAGIC), an Earth observation satellite constellation, planned by ESA and NASA, to measure fluctuations in Earth's gravitational field. The joint mission will involve four satellites – two GRACE satellites built through NASA and the German Aerospace Center, and two NGGM satellites developed through ESA. The constellation is expected to provide critical data related to water management applications, including sea levels, floods, glacier melts, and drought monitoring. Redwire Space NV, a wholly-owned subsidiary of Redwire Corporation (NYSE:RDW) will design and develop the engineering qualification model of the spacecraft's ICU, which will control and manage NGGM's primary scientific instrument. It will also be responsible for collecting and processing data, as well as communication between the instrument and other systems of the satellite. Mike Gold, the President of Redwire Corporation (NYSE:RDW)'s Civil and International Space Business, stated the following on the contract award: 'We are proud to bring our unparalleled expertise in spacecraft avionics and control systems to support ESA's contribution to this important multinational mission. Redwire's flight-proven, high-reliability avionics is perfectly suited for the complexity of NGGM and MAGIC, and continues to enable Europe's most game-changing missions, including IXV, Proba-2, Proba-V, and Proba-3, with additional missions scheduled for launch in the future.' While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Broadcast Pro
20-05-2025
- Business
- Broadcast Pro
How the UAE is forging a new frontier in space technology
Through Space42, the UAE is fusing AI, geospatial intelligence and satellite technology to build sovereign space capabilities with international reach. CEO Hasan Al Hosani outlines how the company is advancing the nations strategic ambitions while delivering real-world impact across defence, disaster response and autonomous mobility. In the global race to harness space technologies for Earth-based impact, few companies are advancing with the scale and purpose of Space42. Formed through the merger of Bayanat and Yahsat, two prominent UAE-based technology leaders, Space42 has rapidly emerged as a new kind of SpaceTech player: vertically integrated, AI-driven and mission-oriented. With a remit that spans geospatial intelligence, satellite-enabled communications, and autonomous systems, the company is not just elevating national capabilities but also helping shape the future of space-powered industries worldwide. Space42 brings together complementary capabilities in a way that very few companies globally can match, says Hasan Al Hosani, CEO of Bayanat Smart Solutions, now part of Space42. What differentiates us is our end-to-end approach. We unify satellite communications, AI-powered analytics and geospatial data in a single sovereign platform. Thats our core advantage. This integration is not simply about technical capability. It enables Space42 to deliver mission-critical solutions across a wide spectrum of sectors from defense and disaster response to climate resilience and autonomous mobility. Instead of siloed services, the company offers predictive insights that inform smarter, faster decisions. At the heart of this ecosystem is GIQ, Space42s AI analytics platform. Designed to process immense volumes of satellite and sensor data, GIQ turns raw information into real-time intelligence. This capability proved invaluable during the 2024 UAE rainstorms, where Space42 integrated synthetic aperture radar (SAR) data and digital twin models to provide real-time flood detection and post-event damage assessments. The data enabled emergency responders to prioritise resources, accelerate recovery and deploy aid with precision. No human team can manage the velocity and volume of satellite data we now collect, says Al Hosani. Thats where AI becomes indispensable. It filters signal from noise to inform decision-making when timing matters most. The companys AI-driven systems are also transforming operations in sectors like maritime surveillance and energy. For example, Space42s platform is used by coast guards to detect illegal fishing, monitor vessel movement and track environmental hazards such as oil spills. In the energy sector, the companys Rig Move Project, developed in partnership with AIQ, uses satellite imagery and AI to optimise rig allocation and reduce downtime in oilfield operations. The future of SpaceTech lies not in just data collection, but in intelligent interpretation, Al Hosani emphasises. Our tools help governments and industries make real-time, high-confidence decisions, whether in crisis response or long-term planning. This philosophy of integration extends to Space42s broader operating model. By combining the deep analytics and mapping expertise of Bayanat with Yahsats communication satellite infrastructure, Space42 has broadened its ability to serve emerging needs in sustainability, autonomous transport and environmental monitoring. In the sustainability space, Space42 uses SAR satellites and high-altitude platform systems (HAPS) to monitor environmental conditions in real time. When combined with Digital Twin technology and AI forecasting, these systems allow governments to model flooding, drought and rising sea levels with high accuracy, thereby informing policies that reduce climate risk. In mobility, the company is advancing autonomous systems through the fusion of AI, high-definition mapping and satellite communications. Its work with TXAI, the regions first Level 4 autonomous vehicle, is moving toward Level 5 deployment in Abu Dhabis urban zones. Were building the geospatial infrastructure that powers autonomy, says Al Hosani. Its not just about making cars self-driving its about enabling safe, scalable mobility for the future. Space42 is also pursuing partnerships that align with its vision of scalable, impactful innovation. There have been joint ventures with technology leaders like Oxa and Vay in autonomous driving and defense collaborations with entities like EDGE and FADA, Our collaborations arent just extensions of Yahsat or Bayanats legacy, Al Hosani notes. Theyre driven by a clear roadmap: to build a sovereign, AI-powered space platform that delivers value across society. This includes contributing to military and defense capabilities through advanced geospatial intelligence. Space42s multi-orbit satellite communications and SAR imaging provide real-time situational awareness for modern military operations. High-altitude platforms and UAVs (unmanned aerial vehicles) supplement satellite data with persistent imaging, enabling security forces to detect terrain changes and respond swiftly in dynamic environments. Space42s AI engine, GIQ, aggregates inputs from satellites, UAVs, sensors and radar to support everything from threat detection to autonomous mission planning. This combination of space-based intelligence and ground-level execution is transforming how national defense strategies are formulated. Were helping militaries shift from reactive to predictive postures, says Al Hosani. With AI and geospatial intelligence, they can anticipate threats, allocate resources efficiently, and act with speed and confidence. These same principles apply to Space42s role in developing smart cities. As urban centres become more complex and data-rich, Space42 sees a critical opportunity to embed geospatial intelligence into the core fabric of municipal operations. The companys Foresight SAR constellation provides persistent, high-resolution imaging that supports urban planning, land use optimisation and infrastructure resilience. Smart cities need more than sensors and appsthey need insight at the systems level, Al Hosani explains. By integrating satellite imagery, IoT inputs and AI, we help city planners respond to challenges in real time and anticipate future needs. Beyond the UAE, Space42 is leveraging its platform to expand into underserved markets across Africa and the Global South. With connectivity gaps still prevalent, particularly in education and healthcare, the company is helping connect remote communities through satellite broadband and tailored infrastructure projects. In Zimbabwe, for instance, Space42 has connected over 1,300 schools, with plans to reach nearly two million students. There are no limits to how space data can support development, says Al Hosani. Were applying the same intelligence infrastructure that supports governments and oil companies to uplift education, healthcare and agriculture in emerging regions. This international momentum is matched by Space42s domestic role in advancing the UAEs national space agenda. Under the UAE Space Strategy 2030, the country is investing heavily in sovereign space infrastructure and research capabilities. Space42 has a long-term mandate to provide secure satellite communications to the UAE government until 2043. The UAEs ambitions are bold, and we are proud to help realise them, Al Hosani says. From enabling autonomous mobility to building sovereign space infrastructure, Space42 is not just participating in the space economywere helping define it. As the company scales, its focus is to lead with conviction, scale with discipline and drive long-term value for shareholders and society. Space42s growth model emphasises capability-building, capital discipline and global relevance. Its blend of AI, geospatial science and strategic foresight positions it not only as a national asset but as a global contender in the next chapter of the space economy. This isnt about space for spaces sake. Its about how we use space-based technologies to solve Earths most urgent problemswith intelligence, speed, and purpose. Thats the future were building, Al Hosani concludes.
Al Etihad
19-05-2025
- Business
- Al Etihad
HAPS manufacturing facility in Abu Dhabi a major boost for UAE aerospace capabilities
20 May 2025 00:30 MAYS IBRAHIM (ABU DHABI)In a first for the MENA region, a manufacturing facility for High-Altitude Platform Stations (HAPS) has been established in Abu Dhabi, it was announced on Monday. Mira Aerospace - the High-Altitude Platform Stations (HAPS) subsidiary of UAE-based AI-powered SpaceTech firm Space42 - made the announcement at Make in the Emirates, marking a major step in advancing the UAE's sovereign aerospace and space-based connectivity an interview with Aletihad, Khaled Al Marzooqi, CEO of Mira Aerospace, Space42, noted that the HAPS manufacturing facility - spanning 4,500sqm - is designed to deliver over 20 high-altitude, solar-powered UAVs annually, backed by a $10 million investment. "This is the type of pioneering innovation that Space42 invests in," he said. "The decision to build our new HAPS manufacturing facility in Abu Dhabi reflects our commitment to creating reliable, cost-effective systems with advanced space technology and plays a central role in developing sovereign capabilities that support our long-term business objectives and the UAE's broader economic goals."Occupying a unique niche in the aerospace landscape, HAPS are unmanned vehicles (UAVs) that can operate in the stratosphere on solar power and fly continuously for long durations. Studies have referred to them as the "missing link" between satellites and aircraft."Satellites don't provide real-time data, and drones lack the endurance," Al Marzooqi explained. "Our HAPS solutions close that gap by delivering persistent coverage, using only solar power, which is both sustainable and cost-effective."He also noted that the platform's ability to maintain a stationary position over specific areas for extended periods can offer unique advantages in environmental monitoring, disaster relief, urban planning, and agriculture. Mira Aerospace is among the very few companies in the world that offer this technology – an advantage that strengthens its competitive edge, according to Al Marzooqi.A Pillar of UAE's National Space Strategy 2030The new manufacturing centre directly supports the UAE's National Space Strategy 2030, which outlines a vision to transform the nation into a global hub for space innovation and sovereign capability development. Localising production and innovation is central to this mission, Al Marzooqi said. "Manufacturing in the UAE allows us to control quality, grow organically, and build deep technical knowledge," he said. "It aligns with our ambition to be a leading contributor to the national economy and technological independence."In line with the UAE's climate goals, the HAPS system is powered entirely by solar energy, making it an environment-friendly alternative to fuel-reliant aerial platforms, Al Marzooqi added. Enabling AI-Powered Aerospace InnovationMira Aerospace is also leveraging Space42's AI platforms to maximise the value of the data collected by its HAPS fleet. "These systems cover vast territories and generate massive data streams," said Al Marzooqi. "With AI, we can analyse that data in real-time, providing instant insights that enhance decision-making across sectors."Looking ahead, the company is exploring integration with other autonomous systems, including unmanned ground vehicles (UGVs) and maritime drones, to create a fully autonomous, multi-domain ecosystem spanning land, sea, and for Strategic Global ImpactThe HAPS manufacturing centre is one of several strategic investments by Space42 aimed at deepening vertical integration across aerospace manufacturing and data infrastructure. The company is also partnering with ICEYE, a global SAR (synthetic aperture radar) leader, to co-produce Earth observation satellites in the UAE. "These efforts will directly advance the UAE's EO Space Programme, designed to build national capabilities in satellite-based remote sensing. The UAE is currently the only country in the Middle East and one of the few space-faring nations with domestic aerospace manufacturing capabilities," Space 42 said in a statement made available to Aletihad . Mira Aerospace's latest innovation milestones also include launching a multi-domain Training, Testing, and Evaluation (TT&E) facility in February 2025, in partnership with XRANGE, to establish a permanent testing hub for high-altitude, long-endurance UAV trials. In October 2025, the company developed two advanced payloads launched in October 2024: one for high-resolution Earth observation and another for stratospheric telecommunications, enabling connectivity even in disaster-hit zones. Make it in the Emirates Continue full coverage
Mid East Info
19-05-2025
- Business
- Mid East Info
Space42 Opens MENA's First High Altitude Platform Stations (HAPS) Manufacturing Facility in Abu Dhabi - Middle East Business News and Information
The new High Altitude Platform Stations (HAPS) facility enables Mira Aerospace, a subsidiary of Space42, to manufacture unmanned aerial vehicles (UAVs) in the country The new facility directly contributes to the UAE's economic diversification and supports the UAE's National Space Strategy 2030 Abu Dhabi, UAE, May, 2025 – Mira Aerospace, the High Altitude Platform Stations (HAPS) subsidiary of Space42 (ADX: SPACE42), the UAE-based AI-powered SpaceTech company, has established MENA's first HAPS manufacturing center in Abu Dhabi. The new facility will significantly enhance Mira Aerospace's production capabilities, drive advanced R&D, support the commercialization of HAPS technology, and lay the foundation for long-term, sustainable growth. The state-of-the-art, 4,500-square-meter center will deliver more than 20 HAPS UAVs annually, supporting civil, environmental, and defense applications. The facility marks a strategic milestone in the company's mission to position the UAE at the forefront of sovereign aerospace and space-based connectivity innovation. Enhanced Sovereign Capabilities: Contributing to the UAE's National Space Strategy 2030, Space42 is playing a critical role in the nation's efforts to build sovereign space technology, manufacturing, and research and development capabilities. Space is a cornerstone of the UAE's technology roadmap, accelerating innovation and strengthening national resilience in advanced industries, and the new HAPS facility is a direct reflection of and commitment to this national priority. Khaled Al Marzooqi, CEO of Mira Aerospace, Space42, said: 'As the global demand for HAPS accelerates, Space42 is making strategic investments to strengthen our leadership in this growing market. The decision to build our new HAPS manufacturing facility in Abu Dhabi reflects our commitment to creating reliable, cost-effective systems with advanced space technology and plays a central role in developing sovereign capabilities that support our long-term business objectives and the UAE's broader economic goals.' Supporting A Broader Strategic Vision The HAPS facility is part of a series of targeted investments by Space42 to expand vertically integrated manufacturing and data infrastructure. The company is also collaborating with ICEYE, a global leader in synthetic aperture radar (SAR) technology, to co-produce Earth Observation (EO) satellites in the UAE. These efforts will directly advance the UAE's EO Space Program, designed to build national capabilities in satellite-based remote sensing. The UAE is currently the only country in the Middle East and one of the few space-faring nations with domestic aerospace manufacturing capabilities. Space42 Strategy: Major investments, such as the HAPS facility, fit into Space42's broader strategy to efficiently scale the business and expand impact across the global industry. By developing in-house competencies that evolve with market needs, the new facility provides a competitive edge and creates long-term growth value for Space42 and its stakeholders. Designed to centralize global operations and meet the rising demand for HAPS solutions, the facility supports Space42's strategic initiative to be the preferred partner for premium geospatial data. With local manufacturing capabilities, the business is strongly positioned to build differentiated competencies, ensure operations scale efficiently, and continue to demonstrate strong financial stewardship. Space42's HAPS Advancements: The new manufacturing hub will be the latest in a series of major milestones for Mira Aerospace. In February 2025, the company partnered with XRANGE, a multi-domain Training, Testing, and Evaluation (TT&E) facility, to establish a permanent testing hub for high-altitude, long-endurance UAV trials. In October 2024, Mira Aerospace developed two advanced payloads to support various applications, including environmental monitoring, disaster management, urban planning, and agriculture. The EO payload offers sharp and precise data to aid critical decision-making, and the Telecommunications payload provides direct-to-device connectivity and data relay between aerial and ground platforms. Space42 is one of the leading companies globally in the HAPS domain, and the first in the world to demonstrate 5G connectivity from the stratosphere using heavier-than-air HAPS. ABOUT SPACE42: Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises of two business units: Yahsat Space Services and Bayanat Smart Solutions. The Yahsat Space Services unit focuses on upstream satellite operations for both fixed and mobility satellite solutions. The Bayanat Smart Solutions unit integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Space42's major shareholders include G42, Mubadala and IHC.
