Le Lézard
Classified in: Environment, Science and technology
Subjects: EGV, ENI

Luxembourg and NorthStar to cooperate on a common Clean Space initiative


MONTREAL, July 31, 2019 /CNW Telbec/ - During the visit of Luxembourg's Deputy Prime Minister, Minister of the Economy, Étienne Schneider to the NorthStar Earth & Space headquarters in Montreal, a cooperation was launched to enable a Clean Space initiative to foster sustainability in space. The Clean Space initiative would evaluate the use of NorthStar Earth and Space Information services with the support of Luxembourg's insurance, financial and satellite operator communities to address some of the key issues related to space traffic management, sustainable commercialization of space activities, insurance products for space operations to promote growth in commercial space activities, and satellite operational challenges.

NorthStar Earth & Space CEO, Stewart Bain with Luxembourg's Deputy Prime Minister, Minister of the Economy, Étienne Schneider. (CNW Group/NorthStar Earth & Space Inc.)

Stewart Bain, CEO of NorthStar Earth & Space, a Canadian tech company developing the world's first comprehensive Earth and space information platform, commented: "NorthStar is honoured to have the visit of Deputy Prime Minister Schneider. NorthStar and its international partners are pleased to collaborate with Luxembourg to enable the sustainability of our environment in space with the global Clean Space initiative. Luxembourg is uniquely positioned to provide value-added services within the insurance and financial industry and home to many satellite companies who will benefit from this project."  

Étienne Schneider, Deputy Prime Minister and Minister of the Economy of Luxembourg stated: "The proposed cooperation with NorthStar is in line with Luxembourg's efforts in developing high-fidelity space situational awareness to protect the space environment beyond our planet and in promoting earth observation to better understand the complexity of our planet and monitor its health. Both fit perfectly into our national data-based innovation strategy that aims at building a sustainable and reliable digital economy."

NorthStar's mission is to empower humanity to preserve our planet by putting into place a unique Space and Earth information platform dedicated to space-based Space Situational Awareness ("SSA") and Earth Intelligence. Starting in 2021 and based on a satellite constellation equipped with Hyperspectral, Infrared and Optical sensors, the platform will operate continuously from space, imaging, digitizing and analyzing the details of Earth's ecosystems and surrounding orbit on a daily basis. It will transform the way governments, industry and NGOs assess risk, enforce regulations and make decisions to foster the sustainable development of our planet and deliver a safe and secure near-space environment for the global satellite community.

For more than three decades, Luxembourg has been at the forefront of commercial and co-operative initiatives that have shaped a vibrant space economy. Luxembourg's first foray into space came in 1985, with the creation of the Société Européenne des Satellites (SES), a landmark for satellite telecommunications and a global leader in this sector today. Further space-related services and businesses have developed alongside SES, giving birth to an entire space industry in Luxembourg. Today, the space sector's contribution to national GDP is among the highest in Europe. Luxembourg launched SpaceResources.lu in 2016 as the next step in its drive to develop a cutting-edge space industry by positioning the Grand Duchy as a centre for the exploration and utilisation of space resources.

 

Logo: NorthStar Earth & Space Inc. (CNW Group/NorthStar Earth & Space Inc.)

SOURCE NorthStar Earth & Space Inc.


These press releases may also interest you

at 10:00
Economic activity in the services sector contracted in June for the second time in the last three months, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 48.8 percent,...

at 09:20
E2open Parent Holdings, Inc. , the connected supply chain SaaS platform with the largest multi-enterprise network, has released its 2024 Sustainability Report, which provides continued transparency into the company's approach to environmental,...

at 09:05
Nodal Exchange today announced strong performance in power, environmental, and natural gas futures as of the end of June 2024. Nodal achieved record half year power volume for the first half of 2024 with 1.64 billion MWh traded, up 6% from 1.54...

at 09:05
Regulatory News: SLB has announced the award of a contract by TotalEnergies to its OneSubseatm joint venture for a 13-well Subsea Production System scope, including associated equipment and services, in the development of the Kaminho project,...

at 09:00
The National Press Foundation (NPF) and the National Press Club Journalism Institute (NPCJI) have jointly awarded $45,000 to fund four reporting projects on environmental justice. This is the third year that the two leading journalism organizations...

at 09:00
In conjunction with the recent Asia Pacific Green Hydrogen Conference & Exhibition 2024 in Malaysia, Hydrexia Borneo Sdn Bhd, a wholly-owned subsidiary of Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China,...



News published on and distributed by: