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Irish firm developing space technology announces 2.6m contract

Written by Robert McHugh, on 20th Feb 2018. Posted in Ireland

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The Minister of State for Training, Skills, Innovation, Research and Development, John Halligan T.D., has announced the development of Ireland’s first national Space Strategy for Enterprise by the Department of Business, Enterprise and Innovation. The Strategy will set out how Ireland can maximise the benefit of its investment in the European Space Agency (ESA) and in the European Union’s (EU) flagship space programmes, Copernicus, Galileo and Horizon 2020.

A steering group will be established in the coming weeks to oversee the development of the Space Strategy. This will include a consultation process to seek views from interested parties on how Ireland can best exploit opportunities in the space enterprise sector. The Minister made this announcement at InnaLabs headquarters in Blanchardstown, a technology company which yesterday also announced its biggest contract to date with ESA.

The Government claims more than sixty Irish companies are currently benefiting from contracts with ESA, with five new companies expected to enter the sector each year between now and 2020. Employment in Irish companies which benefit from ESA contracts is expected to double from 2,000 in 2014 to over 4,500 in 2020. By developing this Strategy, the Department hopes it will ensure that companies already working in this sector can expand, and that opportunities for new entrants are identified. The Strategy will also seek to identify and explore potential synergies with other sectors, such as ICT and Aerospace.

The objective of InnaLab's contract is to design, develop, manufacture and test a highly reliable radiation-hardened 3-axis gyroscope used for measuring angular velocity or maintaining orientation of satellites. While the initial opportunity is for science mission applications, the technology will serve a large spectrum of commercial space activities including Earth observation, communications and navigation satellites.  InnaLabs’ gyroscope cutting edge technology is also applied in a wide range of terrestrial applications such as air transportation, autonomous vehicles, marine, civil engineering projects, rail transportation systems and the oil and gas industries. 

This contract follows the successful completion by InnaLabs of ESA space projects worth €980k that was secured after an Enterprise Ireland trade mission to ESA’s main technology development and test facility, ESTEC, in The Netherlands in 2017.

Speaking about InnaLabs’ success, CEO of InnaLabs John O’Leary said, "We are delighted to announce this contract with ESA which validates our products internationally and gives us the opportunity to offer our CVG technology to the space market segment. We are also pleased to learn that a national Space Strategy for Enterprise is under development. We believe this will be an invaluable resource for Ireland to continue to succeed in the space sector, but also to facilitate Irish companies to expand into related commercial markets following ESA validation."

Source: www.businessworld.ie

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