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The Sultanate of Oman and Virgin Orbit Announce International Consortium on Country’s First Mission to Deep Space
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Rhea-AI Summary
The Sultanate of Oman has partnered with Virgin Orbit (NASDAQ: VORB), SatRevolution, TUATARA, and ETCO for its first deep space mission and satellite launches. The first satellite is set to launch from Cornwall, UK in 2022, with a follow-up deep space mission targeting Q3 2024. The mission aims to gather scientific data on climate change and natural disasters while establishing a sustainable local space ecosystem. This collaboration is aligned with Oman Vision 2040 and includes educational outreach to boost STEM engagement.
Positive
Collaboration with multiple innovative companies for satellite launches enhances Virgin Orbit's market presence.
The mission aligns with Oman Vision 2040, promoting technological and educational advancements.
Negative
Initial satellite launch is scheduled for 2022, which has already passed without reported progress on timelines.
Oman selects innovative space companies Virgin Orbit, SatRevolution, TUATARA and ETCO as mission partners to launch the sultanate’s first satellites to Low Earth Orbit
The first satellite is scheduled to launch from the UK’s spaceport Cornwall in 2022
The Oman mission to deep space will be targeted for launch as early as Q3 2024
MUSCAT, Oman--(BUSINESS WIRE)--
The Sultanate of Oman, leading US-based launch company Virgin Orbit, Polish Small Satellite manufacturer and operator SatRevolution, Poland-originated AI data analytics specialists TUATARA, and Omani-based emerging technology innovator ETCO, have together signed a Memorandum of Understanding for collaboration on Oman’s first mission to deep space. The same agreement also lays the foundation for the consortium to collaborate on delivering additional small satellites to Low Earth Orbit, including the first in Oman’s history.
(Photo: Business Wire)
As part of the historic deep space mission, the group plans to launch a satellite designed by SatRevolution aboard a Virgin Orbit rocket, sending it to deep space with the mission of conducting cutting-edge scientific research and capturing high-resolution imagery. All collected data and images, both from the Low Earth Orbit and deep space missions, will be further analyzed digitally using computer vision, machine learning, and AI solutions developed by TUATARA in strategic partnership with ETCO. This mission will collect valuable data regarding the hidden patterns that underlie climate change, and the aftereffects of natural disasters. In addition, it could provide scientists with essential information needed to understand what occurs on the surface of Earth’s neighbors.
The final mission parameters and scientific objectives will be determined in a study conducted by the parties to the mission, and thereafter the parties expect to sign a definitive binding agreement to conduct the mission. The mission is the follow-on to the Memorandum of Understanding signed during International Astronautical Congress held in October 2021 in Dubai, which established the cooperation of the Parties to design, manufacture and launch the first Omani satellite, manufactured by SatRevolution and onboard Virgin Orbit’s LauncherOne, on the first ever launch from the United Kingdom out of Spaceport Cornwall in 2022. The launch from Cornwall and subsequent missions to deep space will be enabled through Virgin Orbit’s versatile air launched system. The Cornwall mission providing the first Oman Satellite in Space sets the foundation for allowing previously non-space faring nations the ability to launch satellites from their own soil, which is a key element of the Oman strategy for Space.
As an emerging space-faring nation with plans to launch small satellites into Low Earth Orbit and foster a local, sustainable space ecosystem and industrial base, the Sultanate of Oman further plans on expanding its ambitious space endeavors and engaging the Omani public and students through STEM activities.
Both missions are in line with the Royal Directives of His Majesty Sultan Qaboos bin Said and will directly correspond with the “Oman Vision 2040”, being part of a broader educational outreach initiative with the goal of stimulating long-term growth in the sector. The activities specified in the Agreements are intended to generate and seize opportunities to foster economic competitiveness and social well-being, stimulate growth, and build confidence in economic, social, and developmental relations nationwide.
“Only a few nations have been bold enough to venture into deep space, but with Oman’s strong vision supported by cutting edge launch and spacecraft technology another spacefaring nation is about to join those ranks,” said Virgin Orbit’s CEO Dan Hart. “We are proud to have been entrusted by the Sultanate of Oman as their exclusive launch partner in helping to fulfill the goals of bringing sustainable space solutions to Oman. Beginning with the launch of the first Omani satellites out of the first UK launch this year, the progression has been set for a myriad of space missions to expand technology, science and exploration.”
“Both projects will contribute to the near-term goals of the Sultanate of Oman which include the modernization of the educational ecosystem, growth in the support of scientific research and innovation, enhancement of the in-house development of cutting-edge technologies, which will shape the world in the twenty-first century.” SatRevolution’s CEO Grzegorz Zwolinski said
“The future of the Sultanate of Oman is one of innovation, and it’s through partnerships with pioneering organizations like Virgin Orbit that we will make active contributions to those sectors and technologies that are driving progress on a global scale,” Tariq Al Belushi, ETCO Vice President said. “This partnership is a major step in helping us to enrich the Sultanate’s Space industry with the latest technologies and know-how, while adding overall economic value according to Oman’s 2040 Vision.”
“Our mission is to deliver enchanting experiences in the digital space and we are thrilled we were invited to help translate outer space data into digital. We believe that the Oman project will not only be providing vital scientific data and boosting the growth of STEM industry in the Sultanate but will also inspire the world in the further democratization of the space research.” TUATARA’s Chief Innovation Officer Krzysztof Goworek concluded.
In recognition of great importance of the Agreement to the Sultanate of Oman, his excellency Dr. Ali Al Shidani – Undersecretary for Communications and Information Technology at the Ministry of Transport, Communications and Information Technology, Sultanate of Oman witnessed the signing of this MOU by the Parties at a signing ceremony in Muscat.
ABOUT VIRGIN ORBIT
Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747- 400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.
ABOUT SATREVOLUTION
SatRevolution was founded in Poland in 2016 to focus on the emerging space market. With a vertically-integrated business, the company specializes in the design, manufacture and operation of satellites as well as data analytics and is building a real-time Earth Observation constellation. Its goal is to become the largest worldwide operator of EO satellites, delivering 1,024 nanosatellites into Low Earth Orbit by 2026 to provide round-the-clock Earth Observation. In October 2019, the company established a consortium with Virgin Orbit and nearly a dozen Polish universities to design and carry out the world’s first dedicated commercial small satellite mission to Mars. In June 2021, SatRevolution placed two-satellites, STORK-4 and STORK-5 Marta, into Low Earth Orbit with the launches of STORK-3 and SteamSat-2 scheduled for December 2021. The company also plans to launch CubeSat, its first Omani nanosatellite by end 2022. SatRev’s satellites can be used to solve the challenges of resource utilisation and optimisation across a wide range of issues including precision agriculture, precision agriculture energy assets monitoring defence & intelligence logistics & transportation infrastructure monitoring. Current investors include Polish VC funds such as Infini, Newberg, Tech Invest Group and Kvarko (part of the Polish NCBiR R&D scientific start-up funding programme). To learn more, visit satrevolution.com.
ABOUT TUATARA
TUATARA combines consulting and technology to create enchanting experiences in the digital space. From process digitalization through data analysis to innovative business models, TUATARA exceeds customers' expectations with artful solutions based on artificial intelligence, machine learning and cognitive technologies. TUATARA has been delivering groundbreaking projects in the telecommunications, financial and marketing industries in Oman and other GCC countries since 2015.
Driven by a forward-thinking approach, ETCO has developed a portfolio of successful partnerships in line with Oman's digitization strategy for 2040. With a range of compelling solutions, products and world-class customer service, the company is helping to support the Sultanate’s development, while cementing its position as an integrated technology partner.
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions regarding the non-binding Memorandum of Understanding, the expected benefits of the missions in the non-binding Memorandum of Understanding and the expected timing of completion of the missions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it, or the missions in the non-binding Memorandum of Understanding, will achieve its expectations.
