York Space Systems Closes Seed Round of Investment

York_Space_Systems_logoDENVER, Jan. 28, 2015 (York Space Systems PR) — York Space Systems, the innovative American aerospace company specializing in small and medium class spacecraft based in Denver, CO, recently closed on their Seed Round of investment.

York Space Systems will use the funds to continue to develop their AESV S-Class platform which leverages a proprietary design to reduce the cost of manufacture by an order of magnitude. The S-Class platform is a 3-axis stabilized spacecraft capable of supporting 90kg payloads with up to 100W of Orbit Average Power (OAP). Designed for mass manufacture and intended for constellations, the S-Class supports a wide range of missions including earth observation and communication; and is capable of steady state operation in any orbit inclination and orientation without redesign. The platform form factor can leverage existing share ride opportunities on ESPAs, or can be adapted to any of the numerous dedicated small launch vehicles currently under development to significantly reduce launch segment costs. Under the current plan, the platform will be available in the second half of 2016.

“Ultimately, we feel this platform is a game changer,” says Dirk Wallinger, CEO of York. “The design is fundamentally different from anything on the market. To get somewhere different, you have to actually take a different path. We went back to the drawing board and designed this spacecraft for exactly the types of large scale ventures we have been hearing so much about in the past couple weeks.” he continued. “This type of reduction in cost changes the fundamental economics of most space based business plans…it enables space applications that simply didn’t close before. We see a market in that.”