Allied Minds Announces the Formation of BridgeSat, Inc.
March 10 2015 - 3:00AM
Business Wire
- The company is developing an optical
connectivity system that aims to increase the speed, security and
efficiency of data transmissions from Low Earth Orbit (LEO)
satellites at a reduced cost compared with traditional radio
frequency solutions.
- BridgeSat co-invented this
innovation with The Aerospace Corporation as part of a
commercialization collaboration for the federally funded research
and development center’s extensive portfolio of small satellite
technologies.
- BridgeSat has partnered with Draper
Laboratory, and is also collaborating with Massachusetts Institute
of Technology Assistant Professor of Aeronautics and Astronautics,
Dr. Kerri L. Cahoy and the graduate student team in the Space,
Telecommunications, Astronomy, and Radiation (STAR) Laboratory, to
further expand development of its downlink system.
Allied Minds (LSE:ALM), an innovative U.S. science and
technology development and commercialization company, announced the
formation of BridgeSat, Inc., which is building an optical
connectivity system to improve the wireless transfer of data from
satellites.
BridgeSat co-invented the technology with The Aerospace
Corporation as part of a commercialization collaboration for the
portfolio of innovations created at the federally funded research
and development center (FFRDC). Aerospace has a long history of
developing technologies for space, including 15 years of experience
building small satellite technologies for both commercial and
government entities.
“The Aerospace Corporation is a key player and leader in all
aspects of space communication systems and technologies,” said Dr.
Sherrie Zacharius, Vice President of Technology and Laboratory
Operations. “Through our robust research and development endeavors,
we have established a rich portfolio of innovative building-block
technologies applicable to broad public needs. This collaboration
with Allied Minds, which led to the formation of BridgeSat,
provides an avenue for technology transfer to the commercial sector
for the common good."
“Our research with The Aerospace Corporation has allowed us to
explore new, more effective options for LEO data transmissions,”
said John Serafini, Vice President at Allied Minds. “At BridgeSat,
we believe we’ve solved challenges including size, weight, cost and
power bottlenecks that had traditionally hampered optical-based
data downlink, as the technology ultimately offers substantial
benefits over traditional RF downlink.”
Demand for accurate and frequent data collection from LEO
satellites is expected to accelerate aggressively over the next
decade amidst declining costs for building and launching
satellites. BridgeSat has partnered with Draper Laboratory to
develop the system that will provide an alternative downlink
mechanism that is faster, more secure, and available at a lower
cost to traditional radio-frequency transmissions.
“Draper’s expertise in space systems technologies, optics and
secure digital data links, as well as its experience in applying
its capabilities to expanding commercial markets, will help
BridgeSat mature its concepts throughout development and
operations,” said Dr. Seamus Tuohy, director of Space Systems at
Draper Laboratory.
BridgeSat has also engaged with Dr. Kerri L. Cahoy, Assistant
Professor of Aeronautics and Astronautics at the Massachusetts
Institute of Technology (MIT). Dr. Cahoy will serve as a Senior
Advisor to the company. BridgeSat has optioned a relevant selection
of intellectual property from Cambridge, Massachusetts-based
MIT.
“Optical communications offer a significant advantage in both
resource utilization and security. We are innovating to improve and
miniaturize spacecraft-pointing capabilities, an important enabler
for higher-rate narrow beam optical systems, improved transmitter
efficiency and the development of low-cost, easily deployed, and
effective ground systems,” said Dr. Cahoy.
BridgeSat, Inc. is a subsidiary of Boston-based Allied Minds.
More information about the company and its research can be found
www.BridgeSatInc.com.
About Allied Minds
Allied Minds (LSE: ALM) is an innovative U.S. science and
technology development and commercialization company. Operating
since 2006, Allied Minds forms, funds, manages and builds products
and businesses based on innovative technologies developed at
leading U.S. universities and federal research institutions. Allied
Minds serves as a diversified holding company that supports its
businesses and product development with capital, central management
and shared services. More information about the Boston-based
company can be found at www.alliedminds.com.
About The Aerospace Corporation
The Aerospace Corporation is a California nonprofit corporation
that operates a federally funded research and development center
and has approximately 3,500 employees. It provides guidance and
advice to military, civil, and commercial customers to ensure the
success of complex, technology-based programs. The Aerospace
Corporation is headquartered in El Segundo, Calif., with multiple
locations across the United States.
About Draper Laboratory
As an independent, not-for-profit engineering research and
development organization, Draper serves the interests of customers
in fields such as national security, space, biomedical and energy.
The Laboratory leverages core capabilities in guidance and
navigation, information and decision systems, high reliability
systems, sensors and control, and integrated micro systems to
deliver fieldable, innovative solutions.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be
forward-looking statements, including statements that relate to the
company’s future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from current expectations, including, but not limited
to, those risks and uncertainties described in the risk factors
included in the company’s regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of the company and the environment in
which it will operate in the future. Each forward-looking statement
speaks only as at the date of this press release. Except as
required by law, regulatory requirement, the Listing Rules and the
Disclosure and Transparency Rules, neither the company nor any
other party intends to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
Media:ArcPoint Strategic CommunicationsChristine Dunn,
617-484-1660, x101cdunn@arcpointstrategy.com
Allied Minds (LSE:ALM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Allied Minds (LSE:ALM)
Historical Stock Chart
From Apr 2023 to Apr 2024