TYO:402A

3 stories mentioning TYO:402AUpdated 15d ago

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Axelspace Ends Commercial Operations of GRUS-1E Satellite After Control System Failure

Axelspace (TYO:402A) said its consolidated subsidiary, Axelspace Corp., will terminate commercial operations of the GRUS-1E microsatellite, launched in March 2021, after a malfunction in its attitude control system made stable operations impossible.Telemetry data indicated that two of the satellite's four reaction wheels had likely failed, preventing restoration of three-axis attitude control, according to a Tokyo bourse filing on Monday.The incident will not result in an additional impairment loss, as the asset was fully impaired in fiscal 2024, the company said.

TYO:402A

Asia71d ago

Axelspace Signs Deal with Exolaunch for Two New Microsatellite Launches

Axelspace Corp., a consolidated subsidiary of Axelspace Holdings (TYO:402A), has signed an agreement with Exolaunch GmbH to secure new launch slots for two high-resolution microsatellites as part of the AxelGlobe business.The partnership leverages Exolaunch's extensive experience in launch mission management to address growing global demand and mitigate risks related to flexible scheduling and orbital requirements, according to a Tokyo bourse filing on Friday.With this agreement, the group has secured launch opportunities for a total of 15 satellites, including eight previously arranged under an earlier procurement deal with Exolaunch.As of May 29, there is no capital, personal, or related-party relationship between the two companies, and the earnings forecast for the fiscal year ending May remains unchanged.

TYO:402A

Asia112d ago

Axelspace Signs Deal With JAXA for In-Orbit Demonstration

Axelspace Holdings (TYO:402A) said its unit has signed a basic agreement with Japan Aerospace Exploration Agency to explore in-orbit demonstration services for spacecraft propulsion, according to a Tuesday filing on the Tokyo Stock Exchange.The agreement covers potential use of Axelspace's "AxelLiner Laboratory" to support JAXA's research and orbital experiments, with the project expected to run for about four years starting fiscal 2026.The company said the initiative could contribute to earnings over the period, with a formal contract expected to be finalized in the coming months.

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