LatAm Startups Hub is thrilled to announce the official launch of the Hub with the first cohort of nine startups from Latin America.
Startups from eight countries applied, and the final group includes innovative, scalable startups from Ecuador, Chile, Brazil, and Argentina.
Much to our surprise, more than half of applications came from Brazil, and seven of the successful nine startups are Brazilian. The startups will be in residence in Toronto for four months, from April-July 2017...
MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA), a global communications and information company providing technology solutions to commercial and government organizations worldwide, and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced they have entered into a definitive merger agreement, pursuant to which MDA will acquire DigitalGlobe for US$35.00 per share in a combination of cash and stock.
The transaction values DigitalGlobe at an equity value of approximately C$3.1 billion (US$2.4 billion), and an enterprise value of C$4.7 billion (US$3.6 billion), including assumption of DigitalGlobe’s C$1.6 billion (US$1.2 billion) in net debt. The transaction has been unanimously approved by the boards of directors of both companies, and is expected to close in the second half of 2017.
Chuck Black's insight:
The transaction will close in the second half of 2017 and is dependent on the approval of stockholders...
VANCOUVER, BC, Feb. 23, 2017 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, today reported financial results for the fourth quarter and full year ended December 31, 2016. For the full year 2016, consolidated revenues were $2.1 billion, operating EBITDA was $370.7 million and operating earnings were $211.0 million or $5.78 per share.
This is comparable with fiscal year 2015, with consolidated revenues of $2.1 billion, operating EBITDA of $376.8 million and operating earnings of $221.1 million or $6.08 per share. Net earnings under IFRS for the full year 2016 were $139.6 million, consistent with $142.8 million for 2015...
Ottobrunn, Germany (SPX) Feb 22, 2017 - Airbus Defence and Space has signed a contract with Space Administration at the German Aerospace Center (DLR) to develop and build all components of the German contribution to the German-French Eart
SpaceX has become synonymous with modern-day space exploration. Since its founding in 2002, Elon Musk’s ambitious vision has grown from a something of a pipe dream into everyone’s favorite rocket company. Bolstered by big ideas and lucrative client contracts, SpaceX has kickstarted the entrepreneurial space age by lowering launch costs and providing transparent pricing to customers...
VANCOUVER, Feb. 20, 2017 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has received an Authorization to Proceed from Airbus Defence and Space for the provision of multiple communication antenna subsystems to be integrated into the EUTELSAT-5WB communication satellite.
The full contract is expected to be valued in excess of CA$3 million.
The Canadian Space Agency (CSA) has identified 17 technologies that it has classified as priorities in connection with possible opportunities for Canadian participation in national or international space missions.
For each priority technology, work on the development and improvement of these technologies that can reach a technology readiness level (TRL) 6 is being considered.
The technologies identified include upgrades of mostly existing technology relating to Earth imaging, space medicine and rover technologies.
Projects include time-frame, beginning and ending tech-levels and estimated budgets once the programs are underway.
Chuck Black's insight:
Letters of interest are mostly unfunded fishing expeditions to see if there is any Canadian interest in upgrading an existing technology to the point where its suitable for use as a component on someone else's space mission.
As outlined in the LOI, "This LOI is neither a call for tender nor a Request for Proposal (RFP)" and "respondents will not be reimbursed for any cost incurred by participating in this LOI."
MacDonald Dettwiler and Associates Ltd said on Friday it had agreed to buy U.S.-based DigitalGlobe Inc for about $3.10-billion to strengthen its position in the lucrative satellite imagery market. Under the deal, MacDonald Dettwiler and Associates (MDA) will offer $17.50 in cash and 0.3132 of its share for each DigitalGlobe share held. The deal includes assumption of DigitalGlobe’s debt of C$1.60-billion and is expected to add to MDA’s operating earnings per share in 2018.
OTTAWA, CANADA, February 23, 2017. Telesat has scheduled a conference call on Thursday, March 2, 2017, at 10:30 a.m. ET to discuss its financial results for the three month and one year periods ended December 31, 2016, and other recent developments. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Michel Cayouette, Chief Financial Officer, of Telesat.
PALO ALTO, Calif., Feb. 22, 2017 /PRNewswire/ The Communications & Medical Products Division of Communications & Power Industries (CPI) has been awarded a $3.8 million Canadian, or approximately $2.8 million U.S., contract by the Canadian Space Agency (CSA) to manufacture the flight hardware of the Ka-band Extended Interaction Klystron (EIK) for the Surface Water & Ocean Topography (SWOT) mission.
SWOT, scheduled to launch in April 2021, is a joint mission of the National Aeronautics and Space Administration (NASA) and the French Space Agency (CNES), with a contribution from the CSA. The SWOT mission will survey 90 percent of Earth's surface and collect precise altimetric measurements of rivers, lakes, reservoirs and flooded zones, as well as the sea-surface height (SSH) of all oceans...
Bern, Switzerland (SPX) Feb 22, 2017 - TRAPPIST-1 is the name of the small, ultracool star that is the new hot topic in astronomy and the search for life outside our solar system. Observing the star with telescopes from the ground and sp
The agreement was signed in Beijing by the President of ASI, Roberto Battiston, and the General Manager of CMSA, Wang Zhaoyao, on the occasion of the state visit to China by President of the Republic Sergio Mattarella..
VANCOUVER, Feb. 21, 2017 /CNW/ - UrtheCast Corp. (TSX:UR) ("UrtheCast" or the "Company") is pleased to announce Sai W. Chu will be appointed Chief Financial Officer of the Company in late March 2017.
Mr. Chu will succeed Issa Nakhleh, who will be resigning from the Company after nearly five years to pursue other interests. Mr. Nakhleh will remain as CFO until the Company has filed its annual financial results for the year ended December 31, 2016, after which point Mr. Chu will take over the role...
The UK government has announced upcoming legislation to allow spaceports to be built in the United Kingdom; enabling the country, for the first time, to launch its home-built satellites from its own soil.
But the move calls Canada’s own longstanding space policies into question since, much like the UK, the Great White North has also long been unable to launch its own pioneering homegrown spacecraft and has suffered for it...
The future of Canada's space efforts, and the growth of its telecommunications infrastructure, is suddenly a lot less reliant on Canadian government initiatives and foreign controlled multinationals.
Toronto, Ontario based, Kepler Communications has contracted Amsterdam based Innovative Space Logistics to launch their first nano-satellite, using an Indian polar satellite launch vehicle (PSLV), from the Satish Dhawan Space Centre, in November 2017...
Last year, SpaceX announced a bold plan to launch its Dragon spacecraft to Mars as soon as 2018 — in what would be the first ever private mission to the Red Planet. But now it looks like the company is pushing back the mission by a couple years. SpaceX president Gwynne Shotwell confirmed today that SpaceX is now targeting the year 2020 for the Mars trip, a move that will allow the company to better focus on its other ambitious projects...
ISRO's growing list of accomplishments is opening up the space for new star-gazing enterprises to explore more as they aim to shoot for the moon and beyond. But, as the space agency steals the march in the commercial space race, are policies keeping pace to provide the thrust?
Chuck Black's insight:
The article also discussed a private-sector role for PSLV and how to encourage space sector startups...
Out of the blue, he answered a phone call from Blue Origin. “I totally thought I was getting a prank call,” he said, suspecting it was a friend on the other end of the line rather than a representative of the U.S. aerospace company.
Despite his misgivings, he played along with the caller – just in case.
“You have to hedge your bets, right,” said Laurence, a research laboratory technologist at Niagara College’s Walker Advanced Manufacturing Innovation Centre.
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