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$100M Boost for Aalto, Open Cosmos Lands Greek Deal, Impression Technologies Faces Insolvency
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These are the top stories making the headlines across The Business Magazine website today:
Japanese consortium invests $100m in Farnborough’s AALTO
A Farnborough-based firm, AALTOAALTO, which operates the Zephyr High Altitude Platform Station offering mobile connectivity and earth observation services, has secured a $100 million investment from a consortium of Japanese businesses and banks.
Full story here: https://thebusinessmagazine.co.uk/technology-innovation/japanese-consortium-invests-100m-in-farnboroughs-aalto/
Open Cosmos bags €60m contract to deploy earth observation satellites for Greece
Open Cosmos has won a €60 million contract to deploy a constellation of seven earth observation satellites for the Greek government, providing daily high-resolution imagery in collaboration with the European Space Agency.
Full story here: https://thebusinessmagazine.co.uk/technology-innovation/open-cosmos-bags-e60m-contract-to-deploy-earth-observation-satellites-for-greece/
Coventry's Impression Technologies loses Mercia funding and faces insolvency
Impression Technologies Limited of Coventry faces potential insolvency after Mercia Asset Management announced it would cease further funding, ending a partnership that began in 2014 and led to the development of ITL's Hot Form Quench (HFQ®) technology.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/coventrys-impression-technologies-loses-mercia-funding-and-faces-insolvency/
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