Space tech company launches Dubai HQ and listings plan

Nasa

• US company OrionAST sets up base in emirate
• Plans to list shares on Dubai Financial Market

A US space tech company is setting up a regional headquarters in Dubai.

Orion Applied Sciences and Technology (OrionAST), a global provider of high-resolution satellite data, is establishing a base in Dubai Silicon Oasis and intends to list its shares on Dubai Financial Market.

The company has also launched a subsidiary, Open Skies Industries, to leverage Dubai’s position as a gateway to markets throughout the wider Middle East and Africa region.

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OrionAST initially launched in 2013 to operate a constellation of small satellites focused on monitoring the near-Earth space environment to detect and track orbital debris or “space junk”.

Its satellites are now also used to monitor crops to detect signs of stress, helping farmers mitigate crop loss and maximise crop yields.

They also assist with emergency management and disaster relief, oil and gas pipeline safety, maritime oil spills and algal blooms, and environmental monitoring and research.

OrionAST founder and CEO Alvin Alexander said it was currently in negotiations with several countries to provide border control services, as well as support for mining, agricultural, and climate projects.

It is also looking to “unlock” new markets from its new Dubai base and is actively seeking opportunities in Africa.

Talks to bring OrionAST to Dubai were facilitated by Dubai International Chamber.

The UAE continues to grow its reputation as an emerging power in the global space race, with the launch of the the Rashid Rover, the first Arab-built lunar spacecraft, in December.