The ASX-listed Sky and Space Global (ASX:SAS) wholly owns Sky and Space Global (UK), a UK incorporated company with European and Israeli centres of aerospace, satellite and software industry experts.
Under the MOU, Sky and Space Global and Flextronics, a subsidiary of Nasdaq-listed US$7 billion global technology giant Flextronics International, will immediately commence work toward a definitive agreement to develop a line of affordable electronic hardware products, including some "bring your own device" products.
The two companies say the affordable end user solutions will also be tailored to enable Sky and Space Global’s customers to manage their nano-satellite communications as a plug-in addition to their existing communications devices.
And, following the execution of the MOU announced on Tuesday, Flextronics and Sky and Space Global say they will work toward completing negotiations to sign an agreement that sets out the terms of execution for the joint venture.
Sky and Space Global chief executive Meir Moalem says the signing of the MoU with Flextronics marks the commencement of a “key relationship with a top-tier OEM partner”.
“Together, we can develop affordable end user devices that will allow Sky and Space Global customers to manage their nano-satellite communication systems. We look forward to continuing to deliver further strong operational momentum ahead of the launch of the company’s pilot constellation.”