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GomSpace and Terma Sign A Memorandum of Understanding (MoU)

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GomSpace and Terma Sign A Memorandum of Understanding (MoU)

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GomSpace and Terma Sign A Memorandum of Understanding (MoU)
GomSpace and Terma Sign A Memorandum of Understanding (MoU)

The two largest companies in the Danish Space Industry, GomSpace and Terma, have signed an MOU aimed at building a joint offering for an Asian project focusing on monitoring and protection of water territories. GomSpace and Terma have signed an MOU with the objective of developing a turn-key solution for an Asian project for monitoring and protecting the concerned country’s national waters, including its Economic Exclusion zone, against illegal fishing, pollution and other environmental damages.The MOU outlines a contractual framework including activities within design, development, delivery, implementation, and sustainment of a turn-key surveillance solution. Terma will act as prime contractor and GomSpace will act as a subcontractor to Terma.

Thomas Rosenkilde Anderson, Executive Vice President at Terma, adds: “We are thrilled to join this mission with GomSpace and to take the role as prime contractor. This is in line with our growth strategy and building on our already strong presence in Asia with offices in Singapore and Jakarta. As Denmark’s leading defense and space company, Terma has a strong record of providing innovative technology to our customers worldwide, enabling our two companies to deliver a very strong market offering.”

Carsten Drachmann, CEO at GomSpace comments: “I am very excited to enter this MOU with Terma. GomSpace’s strength in building small and efficient satellites for signal intelligence combined with Terma’s heritage and knowledge in both the space ground-segment and with C4ISR systems (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), gives us a strong advantage in offering a well-integrated solution for monitoring and protecting the customer country’s sovereign territory using satellite constellations”.

About Terma Group
With more than 1,600 committed employees worldwide, Terma develops and manufactures mission-critical products and solutions that help to keep people safe, both in peaceful times and in times of conflict. Terma is a global company rooted in Denmark and privately-owned by the Thomas B. Thrige Foundation.
About GomSpace Group AB
The company’s business operations are mainly conducted through the wholly owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser.

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