Welcome!

News Feed Item

EOS and Lockheed Martin Corporation Enter into Space Collaboration Agreement

CANBERRA, Australia, Aug. 26, 2014 /PRNewswire/ -- EOS Space Systems Pty Ltd (EOS Space), a wholly-owned subsidiary of ASX-listed Electro Optic Systems Holdings Ltd (ASX: EOS) is to join forces with Lockheed Martin Corporation to provide space tracking services to the space industry.  EOS today announced it had executed a strategic cooperation agreement with Lockheed Martin for the joint development and roll out of EOS and Lockheed Martin space tracking capabilities at a new facility in Western Australia.

Under the agreement, EOS and Lockheed Martin will collaborate in the production, deployment and operation of proprietary space tracking sensors.  The objective of the joint effort is to provide value-added services to the space industry, based on timely and accurate space data from those sensors.

EOS announced on 5 August 2014 a range of significant developments in its space business, and its intention to expand its tracking capacity towards commercial operations by establishing a new space tracking site in Australia. That announcement said: "Development of the new site will commence in late 2014 and when operational in early 2016 it will approximately double EOS' current capability to meet customer data requirements."

EOS and Lockheed Martin will work together under the strategic cooperation agreement on the new space tracking facility, allowing a significant increase in capacity even before construction has commenced.

The Chief Executive Officer of EOS, Dr Ben Greene, says that, on completion, the new facility will provide a space debris tracking capacity equal to 25% of all capacity presently accessible to space industry globally, and with enhanced accuracy.

"This new tracking capacity will provide data which is exclusively available to EOS and Lockheed Martin, enabling both organizations to offer new services to meet market needs.

"Further expansion of the partnership's tracking capacity through additional sensors and the establishment of new sites is also under consideration," Dr. Greene said.

The upgrade in capacity will not impact the schedule for completion of the new site.  Construction is expected to commence within the next several months and to be completed by early 2016.

Dr. Greene said: "The partnership with Lockheed Martin will help both organizations establish a global network of space sensors, while simultaneously increasing the market reach of the partners' data and services.  We consider the strategic partnership with Lockheed Martin a major step towards the achievement of critical mass of sensors, data and services, all of which are critical in providing detailed yet easily usable information on space debris."

The Executive Vice President of Lockheed Martin Space Systems, Rick Ambrose, said: "Ground-based space situational awareness is a growing priority for government and commercial organizations around the world, that need to protect their investments in space. Through this agreement with Electro Optic Systems, we'll offer customers a clearer picture of the objects that could endanger their satellites, and do so with great precision and cost-effectiveness."

Information:

Craig Smith   

Ben Greene

CEO -- EOS Space Systems            

Group CEO, EOS

Ph: +61-414-365-368

Ph: +61-414-365-658

ABOUT LOCKHEED MARTIN CORPORATION

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS; OTC: EOPSY)

EOS is based in Canberra, Australia and employs 100 staff in two sectors:  Space Systems and Defence Systems.  The EOS Space Systems sector focuses on both commercial and defence requirements for space information.  EOS specializes in obtaining space information based on the use of EOS-developed optical instruments and sensors to detect, track, classify and characterise objects in space.  This information is required for both military and commercial space applications, and particularly for managing space assets to avoid collisions in space with space debris.

SOURCE Electro Optic Systems Holdings Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...