06/11/2014
Glasgow-based Clyde Space will provide power systems for Luxembourg-based space company Lux Space in a deal valued at £1.2 million. The second deal, worth nearly £1 million, involves US-based Spire Inc.
Clyde Space, which produces small satellite, nanosatellite and CubeSat systems, built the UKube-1 which was launched into space from Kazakhstan in July.
Clyde Space is set to move its headquarters to larger premises in Glasgow in order to meet increased demand for its products.
Chief executive Craig Clark said: "We're growing pretty fast just now and have literally run out of space for new recruits, so our move to our new premises can't come soon enough.”
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