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Astro HD extends gains for third day on contract with France's Exotrail for satellite deorbiting mission development
Astroscale Holdings <186A> extended its gains for a third consecutive day. On the 2nd, the company announced that its French subsidiary and Exotrail, a French company specializing in the design, manufacture, and operation of multi-orbit and multi-mission satellites, recently signed a contract to develop a satellite deorbiting mission. This appears to be driving buying interest.
The initiative combines Japan's proven track record in on-orbit services with France's specialized expertise to develop technology by 2030 to safely remove decommissioned satellites from low Earth orbit. The two companies formed a strategic partnership in January of this year, aiming to build a technological foundation to ensure the long-term safety and sustainability of various activities in space.
Source: MINKABU PRESS
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