O.C.E. Technology Secures €200,000 Investment from Zhuhai Orbita Aerospace Science and Technology Co Ltd

Aerospace, Economy, Technology | Fri 7 Sep | Author – Business & Finance
Barry Kavanagh, CEO, O.C.E. Technology, (Nick Bradshaw, Fotonic).

Investment will fund OCE’s expansion into the US

O.C.E. Technology, headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs at University College Dublin, develops software for technical applications and supplies radiation-hardened chip-level components targeted primarily at the space and high-reliability sectors. The company announced that it has secured a €200,000 investment from Zhuhai Orbita Aerospace Science and Technology, a Chinese company listed on the Shenzhen Stock Exchange.

The investment will help fund O.C.E.’s expansion into the US market where earlier this year it first introduced its products at the Space Tech Expo Tradeshow at Pasadena, California.

Barry Kavanagh, CEO, O.C.E. Technology, said, “This investment from our manufacturing partner will help to grow our sales activities in the US where there is a huge opportunity in the fast growing small satellite market.”

Dr Yan Jun, Executive Chairman, Orbita, said, “We are delighted to have the opportunity to share in O.C.E.’s success and its growth and expansion into new markets.”

O.C.E. is currently operating in Europe, Korea, Japan, Singapore and China through a network of distributors. O.C.E., an Enterprise Ireland invested company, also supplies a range of satellite subsystems including power supply and attitude control units. These subsystems are already well proven on the Chinese space programme.