NameSilo Technologies' Subsidiary Reach Systems Receives a NASA Order for a Cable Reel
NameSilo Technologies' (URL.CN) on Tuesday said it received an order from NASA for a custom winch, a customized version of its CROC XL tether-management system.The order, placed to NameSilo's Reach Systems unit, is for a customized winch, which lets NASA integrate its own standard motor, will support ground testing related to NASA's Artemis activities."Controlled deployment and recovery of cable is one of the hardest, least visible problems in complex operations, whether the setting is subsea, on deck, or a ground test on land," said Reach Systems' Chief Executive Officer Colin Dobell. "That is exactly the problem our hardware is built to solve. This order is a meaningful example of how deployment and recovery hardware developed for harsh environments can support a wide range of technical applications."Shares of the company were last seen unchanged at C$1.46 on the Canadian Securities Exchange.
