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The Luxembourg Government, the public-law banking institution "Société nationale de crédit et d’investissement" (SNCI) and U.S.-based aerospace technology company Planetary Resources have signed a Memorandum of Understanding (MoU) providing the framework for their cooperation within Luxembourg’s SpaceResources.luinitiative which aims at the exploration and commercial utilisation of resources from Near Earth Objects (NEOs), such as asteroids. Within this partnership, the Government is considering a direct capital investment in the European headquarters established recently by Planetary Resources in the Grand Duchy. This public equity position will be taken by the SNCI to become a minority shareholder. For its part, Planetary Resources is contributing to the promotion of the local space industry by developing several key activities exclusively in Luxembourg focused on space hardware development, space services, applied research and scientific discovery. The Government will support these activities by providing funding through R&D grants or other different types of aid available. Luxembourg Deputy Prime Minister and Minister of the Economy, Étienne Schneider, stated: "The Government’s partnership with Planetary Resources is another ambitious public-private joint venture which demonstrates our strong commitment to support the national space sector by attracting innovative activities in space resource utilisation and other related areas. The Grand Duchy has a renowned history in public-private partnerships. We joined the spacefaring nations in 1985 when Luxembourg became one of the founding shareholders of SES, a landmark for satellite telecommunications and now a world leader in this sector." The MoU paves the way to building up in Luxembourg research activities and technological capabilities in the fields of propulsion development, spacecraft launch integration, deep space communications, asteroid science systems, Earth observation product development, and mission operations. "We are excited to begin working with Luxembourg to develop ground-breaking space technologies and services," said Chris Lewicki, President and CEO, Planetary Resources, Inc. "Luxembourg has a strong history and reputation in commercial space operations and we are proud to be working with their government, academia, and industry to further develop the limitless potential of the space resources market." Press release by the Ministry of the Economy

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Luxembourg, your European e-business platform
Luxembourg, your European e-business platform
Luxembourg, your European e-business platform
Luxembourg, your European e-business platform
Luxembourg, your European e-business platform
FOCUS magazine 1 - Automotive components made in Luxembourg
FOCUS magazine 10 - Future manufacturing technologies
FOCUS magazine 2 - A thriving space industry
FOCUS magazine 3 - Environmental innovators hit the spotlight
FOCUS magazine 4 - High hopes for health
FOCUS magazine 5 - Leading the way in ICT security
FOCUS magazine 6 - Making materials smarter
FOCUS magazine 7 – A home for growth
FOCUS magazine 8 - A green Heart for Logistics
FOCUS magazine 9 - Space: Expanding the frontiers of innovation
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Luxembourg in Figures
Luxembourg in Figures
Luxembourg in Figures
Luxembourg, a pioneer in space
Luxembourg, a pioneer in space
Luxembourg, an attractive place for your IP assets
Luxembourg, an attractive place for your IP assets
Luxembourg, an attractive place for your IP assets
Luxembourg, an attractive place for your IP assets
Luxembourg, your automotive business partner
Luxembourg, your automotive business partner
Luxembourg, your automotive business partner
Luxembourg, your prime business location
Luxembourg, your prime business location
Luxembourg, your prime business location
Luxembourg, your prime business location
Luxembourg, your prime business location
Luxembourg, your prime business location
SurprisingLux
SurprisingLux
SurprisingLux
SurprisingLux
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