Axelspace Holdings Corporation [402A.T]
TOKYO, Apr 21 (Pulse News Wire) – AxelSpace Holdings (402A.T) announced today that its subsidiary, AxelSpace Corporation, has agreed to sign a basic agreement with the Japan Aerospace Exploration Agency (JAXA) to provide the orbital demonstration service "AxelLiner Laboratory." Under the agreement, JAXA and AxelSpace will collaborate on providing the "AxelLiner Laboratory" service for foundational research and orbit experiments related to high-mobility electric propulsion systems for spacecraft. The collaboration is expected to last approximately four years, beginning in fiscal 2026.
Key details include: - The agreement involves foundational research and orbit experiments for high-mobility electric propulsion systems. - The term of the agreement is set to run from fiscal 2026 until the end of the verification period, estimated to be around four years.
- A detailed contract is anticipated to be finalized within several months, pending approval. This partnership is projected to positively impact the company's consolidated performance starting from the fiscal year ending May 2027, gradually contributing over a four-year period.
Further specifics will be disclosed promptly upon finalizing the contract.
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