NuSpace and GomSpace signs MoU to develop an extended value proposition in Singapore NewSpace

GomSpace has signed a Memorandum of Understanding (MoU) with NuSpace Pte. Ltd., a leading Singapore Space company providing Space-based infrastructures services (IOT & Connectivity). This MoU builds on NuSpace's expertise and experience in developing satellite as a service projects and GomSpace's more than 15 years of experience delivering successful space missions and equipment. By combining NuSpace's local presence with GomSpace's engineering expertise and space heritage, the parties can create an extended value proposition for Singapore's NewSpace Ecosystem.

Zhen Ning Ng, CEO at NuSpace, said: "We are pleased to have signed an MoU with GomSpace with extensive experience in space technology. Our partnership will leverage the respective strengths of our companies to create a joint approach to facilitate the development of space projects in Singapore. We hope that our collaboration with GomSpace will lead to the creation of innovative solutions that improve outcomes for various projects. We are excited to be working with GomSpace and look forward to the positive impact of this partnership."

CFO & Interim CEO Troels Dalsgaard said: "Our relationship with the NuSpace team started in 2010 with a university program. We engage in educational projects and advance into mission-oriented satellites. The long cooperation with NuSpace has allowed us to build trust and strengthen the relationship."
 

For more information, please contact:
Troels Dalsgaard (CFO & Interim CEO)
Tel: +45 31 50 11 82
E-mail: trn @ gomspace.com

About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.