DGAP-News: OHB AG: OHB subsidiary LuxSpace awarded new ESA contract

        Print
| Source: EQS Group AG
DGAP-News: OHB AG / Key word(s): Miscellaneous
OHB AG: OHB subsidiary LuxSpace awarded new ESA contract

22.05.2014 / 10:42

---------------------------------------------------------------------

Betzdorf, Luxembourg, May 22, 2014

LuxSpace received an ESA development contract for the design of an
innovative container tracking device. The project volume amounts to EUR 2.5
million of which 50 % is financed by ESA. In cooperation with their two
sister companies OHB teledata (D) and megatel (D) and project partner
arviem (CH), the innovative cargo monitoring device will offer localisation
and cargo condition monitoring capabilities via a wireless sensor network,
and report using satellite or ground communication systems. Apart from the
technical development, the project partners will offer the cargo monitoring
device within a comprehensive customer tailored real time cargo monitoring
service, including analytics and operational support.

"The service concept will ensure the transparency and the overall control
of the cargo shipment process which conventional reporting hardly allow",
as pointed out by Jochen Harms, Managing Director of LuxSpace.

The project named RTICM (Real Time Intelligent Cargo Monitoring) belongs to
ESA's ARTES 20 Integrated Application Program. Primary markets for the
innovative cargo monitoring concept are high value container shipments. In
a 6 month pre-operational demonstration phase, the service concept will be
validated in close cooperation with a number of key clients.

About LuxSpace Sarl:

LuxSpace Sarl is an affiliate of OHB AG (Prime Standard, ISIN:
DE0005936124), one of the three large space prime companies in Europe.
LuxSpace has about 50 employees and is mainly developing micro satellites
and is actively participating in the OHB System led Small GEO initiative.
Furthermore, LuxSpace has a strong service business with specific focus on
AIS (Automatic Information System for Ship Detection) and Earth
Observation.

Contacts: 

Jochen Harms
Managing Director 
LuxSpace Sarl
Phone: +352 267 890 4000
Fax: +352 267 890 4049
Email:  harms@luxspace.lu

Martin Stade 
Head of Corporate Communications
OHB AG
Tel.: +49 421 2020 620
Fax: +49 421 2020 613
E-Mail: martin.stade@ohb.de


End of Corporate News

---------------------------------------------------------------------

22.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                               
Company:     OHB AG                                                
             Karl-Ferdinand-Braun-Str. 8                           
             28359 Bremen                                          
             Germany                                               
Phone:       +49 (0)421 2020 8                                     
Fax:         +49 (0)421 2020 613                                   
E-mail:      ir@ohb.de                                             
Internet:    www.ohb.de                                            
ISIN:        DE0005936124                                          
WKN:         593612                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
269986 22.05.2014