Astralintu and D-Orbit sign partnership agreement for LATAM region
FINO MORNASCO, Italy, and QUITO, Ecuador, May 18, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and orbital transportation company, today announced that it has signed an agreement with Astralintu Space Technologies, a leading Ecuadorian space logistics company. Under the terms of the agreement, Astralintu will represent D-Orbit for customers in Latin America and the Caribbean, helping D-Orbit expand its commercial presence in the regions.
“Countries across the world are participating in the new space economy. With this agreement with Astralintu Space, we are continuing to expand D-Orbit’s global footprint,” said Renato Panesi, D-Orbit’s Chief Commercial Officer. “We look forward to working closely with Astralintu to capture growth opportunities and support the development of a dynamic space industry in Latin America and the Caribbean.”
“We are excited about this agreement as it shows how established New Space companies in Europe, like D-Orbit, can collaborate with actors in Latin America and other emerging nations to bring space development to the region,” said Matías Campos, Astralintu’s Chief Executive Officer. “D-Orbit is a leader in orbital transportation and space logistics, and we look forward to our collaboration, we are sure it will create a bridge between the Latin American society and the benefits of space.”
Astralintu is a New Space company with capabilities in CubeSat manufacturing and payload integration, and space mission management based in Quito, Ecuador. The company focuses on providing in-orbit and ground station services to new and existing actors in Latin America and the rest of the world. Their S-band ground station will be integrated within the network of Aurora, D-Orbit’s proprietary cloud-based mission control software suite, increasing its future global coverage. This integration was recently highlighted in a joint Workshop between the companies during the 2022 Global Conference on Space for Emerging Countries in Quito, Ecuador.
About D-Orbit and Its Proposed Business Combination with Breeze Holdings
D-Orbit is a market leader in the space logistics and transportation services industry with a track record of space-proven technologies and successful missions.
Founded in 2011, before the dawn of the New Space market, D-Orbit is the first company addressing the logistics needs of the space market. ION Satellite Carrier, for example, is a space vehicle that can transport satellites in orbit and release them individually into distinct orbital slots, reducing the time from launch to operations by up to 85% and the launch costs of an entire satellite constellation by up to 40%. ION can also accommodate multiple third-party payloads like innovative technologies developed by startups, experiments from research entities, and instruments from traditional space companies requiring a test in orbit.
D-Orbit is a space infrastructure pioneer with offices in Italy, Portugal, the UK, and the US; its commitment to pursuing business models that are profitable, friendly for the environment, and socially beneficial, led to D-Orbit S.p.A. becoming the first certified B-Corp space company in the world.
As previously announced on January 27, 2022, D-Orbit has entered into a business combination agreement among Breeze Holdings Acquisition Corp. (“Breeze Holdings”) (NASDAQ: BREZ), a publicly traded special purpose acquisition company, D-Orbit and a newly formed joint stock company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg (“Holdco”) pursuant to which Holdco will become the publicly traded parent company of Breeze Holdings and D-Orbit upon the closing of the transactions. The transaction is expected to close in the second or third quarter of 2022, subject to the satisfaction of customary closing conditions, including certain governmental approvals and the approval of the shareholders of Breeze Holdings and the contribution of the D-Orbit shares by the D-Orbit shareholders.
About Breeze Holdings Acquisition Corp.
Breeze Holdings is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities.
About Astralintu Space Technologies
Astralintu Space Technologies is a new space company founded in 2020 with the goal of connecting the Latin American region and its people to the benefits of space. Astralintu, headquartered in Quito, Ecuador, specializes in space logistics, hosted payload missions, in-orbit operations, and secure data downlinks. These services facilitate access to space without the need for an in-house space program and without developing missions from scratch. Astralintu looks to accelerate the deployment and operations of valuable payloads of scientific and commercial interest in orbit. Astralintu can also assist actors in Latin America and the world with the exact solutions needed for a successful mission. Whether it is only launch procurement or ground segment operations, Astralintu is ready to provide a customized experience.