September 27th, Adelaide, Australia – During the 68th International Astronautical Congress (IAC2017), in the presence of the South Australian Minister for Defense and Space Industries Martin Hamilton-Smith,  SITAEL CEO Mr. Nicola Zaccheo and Inovor Technologies CEO Dr. Matthew Tetlow signed a Letter of Intent with the aim to partner on the development of a new small satellites product line.

With this agreement, the two companies will extend their capabilities in designing, developing and manufacturing nano, micro, mini satellites and ground stations.

Inovor Technologies CEO, Dr. Matthew Tetlow, said: “Partnering with SITAEL is an important step for Inovor as they will not only expand our capabilities to manufacture space hardware in Adelaide, but will expand our product range to larger, more capable spacecraft”.

SITAEL Chief Executive Officer, Mr. Nicola Zaccheo, claimed: “SITAEL is the first large space company with a footprint in Australia. We believe South Australia has huge opportunities in the Space sector, thanks to the first Australian Space Agency just established there. The partnership between Inovor Technologies and SITAEL will help to speed up the Australian capabilities in Space”.

The letter of intent is the result of the Memorandum of Understanding signed in late 2016 between the South Australian government and the Italian Space Agency (ASI), with the purpose of pursuing joint research and development, academic exchange and industry collaboration in the space sector.