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Breeze Holdings Acquisition Corp. Combination Partner D-Orbit Signs ~$2M Contract With European Space Agency

FINO MORNASCO, Italy, June 09, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ:BREZ), has signed

Benzinga · 06/09/2022 09:04

FINO MORNASCO, Italy, June 09, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ:BREZ), has signed a €1,950,343 (approximately $2 million) contract with the European Space Agency (ESA) under BOOST, the Agency's Commercial Space Transportation Services and Support to Member States Programme. The sum represents 80% of the total budget of the activities to be carried out in the frame of the contract.
 

Through this contract ESA will provide funding for the development of an improved production system by introducing lean manufacturing principles and testing that will enable D-Orbit to increase the performance and responsiveness of its proprietary orbital transfer vehicle (OTV) ION Satellite Carrier (ION), while driving down the cost. The contract also anticipates the improvement of various subsystems, including those involved in orbital maneuvering. Since September 2020, D-Orbit has successfully operated six orbital transportation missions, with three more planned for the remainder of 2022, and 13 scheduled for 2023.