News on key developments at SupremeSAT, and general news on the Space and Satellite industry from across the web
The Board of Investment of Sri Lanka announced that today, 22 November, a Sri Lankan enterprise operating under the BOI, Supreme SAT, will be launching a space satellite, for the first time in the history of the country.Supreme SAT is an excellent example of international cooperation in the field of investment, being a partnership between…
Sri Lanka will have its first partly owned satellite in the space soon. A private company, SupremeSAT, has taken every possible step to make this a reality and is expected to deploy the first Sri Lankan satellite at 87.5E, in the Geo-Stationary orbit, on November 22 from Xi-Chang in China. Addressing the media yesterday at…
SupremeSAT (Pvt) Ltd, Sri Lanka’s first – and only – satellite company, has engaged international law firm Milbank, Tweed, Hadley & McCloy LLP as its legal advisor, with immediate effect. This engagement will secure the legal and satellite industry experience of Milbank in structuring and financing SupremeSAT’s satellite project, which will include co-branded, shared and…
Sri Lanka’s first-ever satellite technology company took form yesterday with the signing of the BOI agreement and promising $ 320 million investment in the long-term. SupremeSAT Ltd., the Board of Investment-approved venture, said it has very ambitious plans to take Sri Lanka into the global space race. With an initial investment of US$ 20 million,…
The foundation stone for the proposed Space Academy of SupremeSAT was laid at the Kandy BOI zone yesterday by visiting Vice Minister of Industries and Information Technology, People’s Republic of China, Chen Qiufa together with top Chinese executives. The project is a joint venture between SupremeSAT (Pvt) Ltd – The first and only satellite operator…