Luxembourg, March 25th, 2024 – Qosmosys, a pioneering company in the field of lunar economy, has signed Letter of Intent (LoI) with the Luxembourg Space Agency (LSA) to collaborate on cutting-edge research and development projects in the burgeoning field of the growing lunar economy.
As Qosmosys expands its exploration of opportunities in specific corners of the world to develop projects that bolster its position in the Moon race, this LoI is a significant step towards establishing a presence in Europe. It also marks the partnership between Qosmosys and LSA, enabling to focus on advanced applications pertinent to the Moon economy, which could specifically offer potential benefits for Earth in the near term.
These projects are still to be selected with the LSA and a particular attention is on the mutual synergies they create, enhancing Luxembourg’s expertise in space technology while providing Qosmosys with an optimal environment for developing cutting-edge solutions for space exploration, supported by a local skilled workforce and a particular safety-conscious environment.
Commenting on the collaboration, Francois Dubrulle, CEO of Qosmosys, stated, “Developing the Moon economy requires a supportive environment to nurture our projects. We are delighted to partner with the Luxembourg Space Agency, sharing a vision of unlocking the immense potential of the Moon economy. Recognizing the importance of LSA’s position within the European ecosystem, we believe this collaboration will be instrumental in our development journey. Success requires choosing the right location.”
Likewise, Mathias Link, Deputy CEO of the Luxembourg Space Agency expressed enthusiasm for the collaboration, stating” We are convinced of the potential of emerging in-space markets and wish to foster the development of a sustainable lunar and in orbit economy. We are therefore delighted to have enthusiastic players such as Qosmosys planning to join our national space ecosystem and are looking forward to seeing them develop in Luxembourg.
As part of the collaboration, Qosmosys and LSA are exploring the potential to not only develop industrial activities but also to form partnerships with local organizations and public agencies throughout Europe that support the imperative endeavor of lunar exploration. Consequently, the two entities intend to sustain ongoing efforts to foster an environment conducive to innovation, entrepreneurship, and economic prosperity in the space sector.
For media inquiries or further information, please contact Amelia: press@qosmosys.com
About Qosmosys
Qosmosys is a Singapore-based company with branches in France and the United States. The company is currently developing its flagship spacecraft, ZeusX. Established as an international private entity, Qosmosys aims to provide on-demand services to public or private organizations looking to operate on the Moon and beyond. Qosmosys services span three sectors: transportation, robotics & resources and science & tech. The company aims to make lunar access more accessible, providing both public and private sectors with a dependable and flexible approach to foster a moon-based economy.
