Accion Systems, a start-up company that is developing a new electric-based propulsion system for satellites, has received an infusion of investment capital, US aerospace giant Boeing announced in a press release on Wednesday.
WASHINGTON (Pakistan Point News / Sputnik - 10th October, 2018) Accion Systems, a start-up company that is developing a new electric-based propulsion system for satellites, has received an infusion of investment capital, US aerospace giant Boeing announced in a press release on Wednesday.
"Accion's scalable technology can help bring game-changing capabilities to satellites, space vehicles and customers," Boeing HorizonX Ventures Managing Director Brian Schettler said in the release. "Investing in startups with next-generation concepts accelerates satellite innovation, unlocking new possibilities and economics in Earth orbit and deep space."
The investment and partnership will help Accion grow its manufacturing and connect with Boeing experts, resources and state-of-the-art facilities, the release explained.
Accion's new Tiled Ionic Liquid Electrospray (TILE) in-space propulsion system aims to increase the lifespan and maneuverability of satellites and other vehicles in low-Earth orbit and deep space, the release noted.
Leveraging a non-toxic, ionic liquid propellant and postage stamp-size thrusters, the TILE system is smaller, lighter and more cost-effective than traditional ion engines, according to the release.
