EOS and Lockheed Martin Corporation Enter into Space Collaboration Agreement

CANBERRA, Australia, Aug. 26, 2014 — (PRNewswire) — EOS Space Systems Pty Ltd (EOS Space), a wholly-owned subsidiary of ASX-listed Electro Optic Systems Holdings Ltd (ASX: EOS) is to join forces with Lockheed Martin Corporation to provide space tracking services to the space industry.  EOS today announced it had executed a strategic cooperation agreement with Lockheed Martin for the joint development and roll out of EOS and Lockheed Martin space tracking capabilities at a new facility in Western Australia.

Under the agreement, EOS and Lockheed Martin will collaborate in the production, deployment and operation of proprietary space tracking sensors.  The objective of the joint effort is to provide value-added services to the space industry, based on timely and accurate space data from those sensors.

EOS announced on 5 August 2014 a range of significant developments in its space business, and its intention to expand its tracking capacity towards commercial operations by establishing a new space tracking site in Australia. That announcement said: "Development of the new site will commence in late 2014 and when operational in early 2016 it will approximately double EOS' current capability to meet customer data requirements."

EOS and Lockheed Martin will work together under the strategic cooperation agreement on the new space tracking facility, allowing a significant increase in capacity even before construction has commenced.

The Chief Executive Officer of EOS, Dr Ben Greene, says that, on completion, the new facility will provide a space debris tracking capacity equal to 25% of all capacity presently accessible to space industry globally, and with enhanced accuracy.

"This new tracking capacity will provide data which is exclusively available to EOS and Lockheed Martin, enabling both organizations to offer new services to meet market needs.

"Further expansion of the partnership's tracking capacity through additional sensors and the establishment of new sites is also under consideration," Dr. Greene said.

The upgrade in capacity will not impact the schedule for completion of the new site.  Construction is expected to commence within the next several months and to be completed by early 2016.

Dr. Greene said: "The partnership with Lockheed Martin will help both organizations establish a global network of space sensors, while simultaneously increasing the market reach of the partners' data and services.  We consider the strategic partnership with Lockheed Martin a major step towards the achievement of critical mass of sensors, data and services, all of which are critical in providing detailed yet easily usable information on space debris."

The Executive Vice President of Lockheed Martin Space Systems, Rick Ambrose, said: "Ground-based space situational awareness is a growing priority for government and commercial organizations around the world, that need to protect their investments in space. Through this agreement with Electro Optic Systems, we'll offer customers a clearer picture of the objects that could endanger their satellites, and do so with great precision and cost-effectiveness."

Information:

Craig Smith   

Ben Greene

CEO -- EOS Space Systems            

Group CEO, EOS

Ph: +61-414-365-368

Ph: +61-414-365-658

ABOUT LOCKHEED MARTIN CORPORATION

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS; OTC: EOPSY)

EOS is based in Canberra, Australia and employs 100 staff in two sectors:  Space Systems and Defence Systems.  The EOS Space Systems sector focuses on both commercial and defence requirements for space information.  EOS specializes in obtaining space information based on the use of EOS-developed optical instruments and sensors to detect, track, classify and characterise objects in space.  This information is required for both military and commercial space applications, and particularly for managing space assets to avoid collisions in space with space debris.

SOURCE Electro Optic Systems Holdings Limited

Contact:
Electro Optic Systems Holdings Limited
EOS Space Systems Pty Ltd
Lockheed Martin Corporation




Review Article Be the first to review this article
HP

ACE2017

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
APSX Bringing Injection Molding To The Desktop
Jobs
Inside Sales for SolidCAM at Newtown, PA
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Architect for North County Transit District at Oceanside, CA
Data Scientist for University of Utah at Salt Lake City, UT
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Architetural Project Manager for DRA Architects at Irvine, CA
Upcoming Events
DriveWorks World at The Barley Store Laskey Lane Thelwall Cheshire United Kingdom - Mar 6 - 9, 2017
JEC World 2017 at Paris Nord Villepinte Exhibition Centre Paris France - Mar 14 - 16, 2017
SOLIDWORKS funding event – Leicester at The National Space Centre, Exploration Dr, Leicester, LE4 5NS Leicester United Kingdom - Mar 17, 2017
ACE 2017 Nashville at Nashville TN - Mar 21 - 23, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise