Herve Astier (ILF2019)
The Advertiser
Neumann Space’s satellite propulsion system will be integrated into a US project which aims to use space junk as fuel, with the Adelaide firm announcing its first commercial sale.
The company, based at the Lot Fourteen start-up hub, said it had struck an agreement with Colorado-based CisLunar Industries to help progress a $US1.7m ($2.53m) project funded by the US Space Force – the US military arm tasked with operating in space.
The project envisions capturing space junk and processing it through CisLunar’s Modular Space Foundries to create fuel for the Neumann Drive, which was patented in 2015. Neumann Space chief executive Herve Astier said the deal represented the company’s first commercial sales and exports.