EIMIN: Exploring space collaboration with Swedish company Ovzon

Lithuania has the potential to further strengthen its space related activities and these ambitions, along with possible collaboration, were discussed by Vice Minister of Economy and Innovation Erika Kuročkina and Sweden’s leading space and satellite communications company Ovzon and its EVP BD and founder Per Wahlberg.
 
"We presented our country's investment and manufacturing potential and invited 'Ovzon' to collaborate in the field of space. In recent years, Lithuanian space companies have attracted more than 5 million Euros in investments, and as an example Lithuania's world leading laser industry, one of the country's strongest high-tech sectors, with around 60 companies and approximately 1,600 highly qualified specialists. Therefore, the opportunity to further strengthen these sectors would enhance Lithuania's competitive advantage," said Vice Minister of Economy and Innovation Erika Kuročkina.
 
During the meeting, the Swedish company's representatives were also introduced to investment incentives in Lithuania, such as the green corridor for large investment projects and the opportunity to operate in free economic zones.
 
Founded in 2006 and headquartered in Solna, Sweden, Ovzon, a listed company on Nasdaq Stockholm, is a world leading expert in delivering and managing advanced satellite communication services designed for critical missions that require the highest performance, mobility - through laptop sized mobile satellite terminals - and secure and resilient connectivity.
 
Ovzon's core technologies are developed in Sweden, with a significant market presence in the United States. Leveraging both its own cutting-edge satellites and those of partners, Ovzon has invested $200 million in recent years in the development of its proprietary satellites and mobile satellite terminal solutions and services.
 
The company’s integrated satellite communications services cater to defense, national security and public safety such as emergency response and police sectors, delivering unmatched satellite communication capabilities in the most challenging environments. 

Ovzon's clients include the US Department of Defense, Swedish Space Corporation, UK MoD, The Italian Fire and Rescue services, The French elite force GIGN among others.

Last updated: 14-08-2024

Related news:

EIMIN: Rheinmetall site rezoned

A. Armonaitė: Making it easier for people to buy their first home

EIMIN: €15 million for innovation distributed to businesses

Lithuania climbs up the global e-Government Development Index

EIMIN: Record growth in travel exports forecast for this year