PARIS (IAI PR) — IAI and Effective Space – a company pioneering last mile logistics in space – today announced that they have signed a term sheet for cooperation, including both technological and financial partnerships. Under the conditions of the term sheet,
Effective Space will appoint IAI as the primary contractor of its SPACE DRONETM spacecraft, while IAI will work to complete the necessary approvals for equity investment in Effective Space. The term sheet follows more than a year of cooperation, during which both companies have been jointly working on the SPACE DRONETM spacecraft design.
WASHINGTON, DC (ILS PR) — ILS, a U.S.-based leading global commercial launch services provider and UK headquartered Effective Space announce their intent to contract to deliver two of Effective Space’s SPACE DRONE™ spacecraft into orbit. The Proton Breeze M rideshare launch is planned for 2020 from the Baikonur Cosmodrome in Kazakhstan.
“ILS is focused on serving the satellite industry with flexible, and affordable launch solutions and our agreement with Effective Space is a perfect example of that. The performance of the Proton Breeze M vehicle to deliver the SPACE DRONE™ spacecraft directly to geostationary orbit combined with our decades-long history of launching dual or multiple spacecraft at one time, makes it a natural fit for Proton to deploy their spacecraft,” said ILS President Kirk Pysher. “This combination of performance and experience will enable Effective Space to realize their mission objective in the most expedient and effective way possible.”