Pulsar Partners with Leading Space Balloon Launch Company to Champion University Science Programmes

Rhea-AI Summary

Pulsar Helium (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has partnered with Send My Stuff To Space (SMSTS) to enhance its Pulsar Scholars initiative. The partnership will utilize Pulsar's quarterly US$2,500 bursary to fund STEM students' experiments using SMSTS's space balloons, which reach altitudes of approximately 130,000 feet. SMSTS is transitioning from hydrogen to helium-filled biodegradable latex balloons for suborbital flights, providing an environment similar to Mars's surface conditions. The program offers students discounted rates for testing cube satellites and other scientific experiments in extreme conditions.

Positive

• Strategic partnership aligns with company's core helium business as SMSTS transitions to helium-filled balloons
• Establishes presence in educational market segment through STEM initiative

Negative

• None.

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CASCAIS, Portugal, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to announce a partnership with Send My Stuff To Space Ltd (“SMSTS”). Pulsar’s in-house initiative ‘Pulsar Scholars’, the quarterly bursary programme designed to support students in higher-education studying Science, Technology, Engineering and Mathematics (“STEM”), will partner with SMSTS’s Academic Space Programme which is designed to give students an opportunity to test their science projects at altitude.

SMSTS deploys helium and hydrogen filled biodegradable natural latex space balloons, providing suborbital flights into the upper stratosphere (at an altitude of approximately 130,000 feet above sea level). The environment in the middle segment of the near-space, upper stratosphere, 30–48 kilometres above sea level, is similar to the environment on the surface of Mars: dry, cold, hypobaric pressure, and exposed to high doses of UV irradiation, making it ideal for students looking to test cube satellites and other scientific and technological experiments for durability.

Highlights

• The bursary funds of US$2,500 provided quarterly by the Pulsar Scholars initiative to STEM students will be used to pay SMSTS to test student projects and experiments in suborbital conditions.
• This partnership will provide students with reliable, proven, and sustainable test flights at heavily discounted rates for educational missions.
• By covering the full cost of the flight, the bursary ensures students have access to the resources and support they need to advance and test their projects effectively.
  

Marc Farrington, Pulsar’s Head of PR & Partnerships commented: “Our in-house outreach initiative, Pulsar Scholars, has been providing quarterly bursaries of US$2,500 to support higher education students pursuing STEM subjects since 2023. Through our partnership with SMSTS, Pulsar Scholars will support their Academic Space Programme giving students an opportunity to test and validate the durability of their projects in one of the world’s most extreme environments.”

The Partnership

As SMSTS transitions from hydrogen-filled space balloons to align more closely with best practices in ballooning, primary helium is becoming the preferred lifting gas for its suborbital flights, offering sustainability on par with hydrogen.

SMSTS is expanding its Academic Space Programme, offering students the opportunity to test their science projects at high altitudes. Recognising the vital role of higher education in advancing scientific discovery, Pulsar, a science-focused company, has introduced the Pulsar Scholars initiative to support cutting-edge student projects. As part of this initiative, Pulsar will award quarterly bursaries of USD$2,500 to STEM students seeking to test their projects and experiments in suborbital conditions. The bursary funds will be used by students to pay SMSTS, which provides reliable, proven, and sustainable test flights at heavily discounted rates for educational missions. By covering the full cost of the flight, the bursary ensures students have access to the resources and support they need to advance and test their projects effectively.

About Send My Stuff to Space Ltd

Founded by a team of educators, professors, and scientists passionate about making the wonders of spaceflight accessible to young people, SMSTS has established itself as a leader in educational space balloon flights. With hundreds of sustainable flights completed and a flawless 100% client payload recovery rate, the SMSTS operates under strict regulations set by the Federal Aviation Administration (“FAA”) and adheres to the Code of Federal Regulations (“CFR”). Trusted by prominent brands such as Mastercard, Oreo, Sony, Movember, and Canterbury, as well as launching with staff and students from top universities like the University of Maine, a renowned public land-grant research institution, and Middlebury College, one of the prestigious “Little Ivies,” SMSTS continues to uphold its reputation for innovation and excellence.

For more information, visit: https://sendmystufftospace.com/

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director

Further Information:

Pulsar Helium Inc.
connect@pulsarhelium.com  
+ 1 (218) 203-5301
+44 (0)2033 55 9889

Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494

OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678

BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204                                                 
pulsarhelium@blytheray.com

*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority. 

For further information visit:

https://pulsarhelium.com

X https://x.com/pulsarhelium 

LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FAQ

What is the partnership between Pulsar Helium (PSRHF) and Send My Stuff To Space?

Pulsar Helium has partnered with SMSTS to fund STEM students' experiments using space balloons, utilizing Pulsar's quarterly US$2,500 bursary program to support educational missions in suborbital conditions.

How much is Pulsar Helium's (PSRHF) quarterly bursary for STEM students?

Pulsar Helium provides quarterly bursaries of US$2,500 to support STEM students in testing their projects through SMSTS's Academic Space Programme.

What altitude do SMSTS space balloons reach in Pulsar's (PSRHF) student program?

SMSTS's space balloons reach an altitude of approximately 130,000 feet above sea level in the upper stratosphere.