🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Aussie spacesuit start-up awarded $250,000 in Moon to Mars Supply Chain Capability program 

Published 04/03/2024, 02:58 pm
Updated 04/03/2024, 03:30 pm
© Reuters.  Aussie spacesuit start-up awarded $250,000 in Moon to Mars Supply Chain Capability program 

Australian spacesuit technology startup company Metakosmos (Vyom Tech Pty Ltd) will share in $9 million in grants through the Mars Supply Chain Capability program to develop its integrated commercial spacesuit program, the Kosmosuit.

Twelve Australian space projects aligned with NASA’s Artemis mission will share more than $9 million in funding to help drive innovation and support emerging Australian science.

The Moon to Mars grants are designed to increase Australian industry’s capability and capacity to support NASA’s Moon and Mars missions, grow Australian participation in the supply chains that will support said missions, and build the skills, capabilities and capacity of the Australian space industry.

Kosmosuit

Metakosmos says the $250,000 grant will allow the company to improve the technological readiness of the Kosmosuit, which has been built with dual-use terrestrial applications.

The firm is designing several different suits based on environmental conditions, including micro-gravity, lunar and Martian surfaces, and wholly space-based missions.

The project aims to establish connectivity between subsystems and the proprietary bioastronautics interface, which will be deployed at various centres.

"We are grateful for the opportunity to receive this grant. Metakosmos would like to thank the Australian Government, the Minister for Industry & Science Ed Husic and the Australian Space Agency,” Metakosmos CEO Kiriti Rambhatla said.

“This is a great investment into the future of the Australian space supply chain and ecosystem. I believe that this recognition demonstrates that Metakosmos is a promising contributor to the Australian space supply chain.

“We look forward to successfully delivering the project with our partners and taking this project to international markets.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.