$100M Boost for Aalto, Open Cosmos Lands Greek Deal, Impression Technologies Faces Insolvency

The Business Magazine Newscast

These are the top stories making the headlines across The Business Magazine website today:

Japanese consortium invests $100m in Farnborough’s AALTO

A Farnborough-based firm, AALTOAALTO, which operates the Zephyr High Altitude Platform Station offering mobile connectivity and earth observation services, has secured a $100 million investment from a consortium of Japanese businesses and banks.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/japanese-consortium-invests-100m-in-farnboroughs-aalto/

Open Cosmos bags €60m contract to deploy earth observation satellites for Greece

Open Cosmos has won a €60 million contract to deploy a constellation of seven earth observation satellites for the Greek government, providing daily high-resolution imagery in collaboration with the European Space Agency.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/open-cosmos-bags-e60m-contract-to-deploy-earth-observation-satellites-for-greece/

Coventry's Impression Technologies loses Mercia funding and faces insolvency

Impression Technologies Limited of Coventry faces potential insolvency after Mercia Asset Management announced it would cease further funding, ending a partnership that began in 2014 and led to the development of ITL's Hot Form Quench (HFQ®) technology.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/coventrys-impression-technologies-loses-mercia-funding-and-faces-insolvency/