Funding boost to accelerate development and expand on-orbit capture capabilities, in partnership with SSC's Servicing, Mobility, and Logistics office.
LONG BEACH, Calif., June 21, 2024 /PRNewswire-PRWeb/ -- Exploration Laboratories, ExLabs, a pioneering space exploration company, is proud to announce that it has received a $1.9 million Tactical Funding Increase (TACFI) to advance its previously awarded SpaceWERX Orbital Prime Direct-to-Phase II contract from last year. This funding combined with private investment, will help accelerate further development of ExLabs' ACQR technology.
With this funding, ExLabs will advance its Autonomous Capture & Acquisition Robot (ACQR) system development, providing a versatile solution for capturing and controlling non-cooperative objects. The ACQR system will be integral to future missions, enabling autonomous capture operations and ensuring secure control over mission-critical objects in space.
This unlocks a range of missions, including debris capture and mitigation for disposal of satellites that the operator is no longer able to command, payload handling for docking, and deep-space resource acquisition.
"Receiving this TACFI funding increase allows us to accelerate the development of our ACQR system," said Matthew Schmidgall, ExLabs CEO. "The support highlights the value of our advanced capture technology and gives us additional resources to further refine and enhance ACQR's capabilities."
Headquartered in Long Beach, CA, Exploration Laboratories, ExLabs, is a pioneering space exploration company that is developing next-generation scale spacecraft for power utility and capture capabilities, paving the way for deep space missions and natural resource acquisition. ExLabs' broader mission is to unlock the vast resources of space in support of human sustainability. The company is dedicated to making this vision a reality while simultaneously protecting Earth's delicate ecosystems. Learn more at https://exlabs.space/
SpaceWERX is the innovation arm of the US Space Force and a part of AFWERX. It blends the best of commercial innovation with the needs of the Guardians who depend on space technology to do their jobs. Learn more: https://www.spacewerx.us/
Media Contact
Lindsey O'Shea, ExLabs, 1 4084219516, [email protected], exlabs.space
SOURCE ExLabs
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