GomSpace and Startical restart their collaboration
GomSpace will reuse the work performed for the previously suspended program to support Startical to perform the European ECHOES demonstration project and settle disputes.Highlights
· The value of the agreement ranges from 4.1 to 4.6 million EUR (approx. 46 to 52 MSEK). · GomSpace participation in The ECHOES demonstration will start today, and the satellite will be launched in 2025. · The Settlement will have a positive financial impact of 1.5 million EUR (approx. 16 MSEK) in the fourth quarter of 2023.
Deputy CEO and CFO Troels Dalsgaard comments: “This agreement allows our