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Space Tango and Bangalore-Based Aeolus Ltd. Announce Agreement

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FOR IMMEDIATE RELEASE
31 October 2014

Space Tango and Bangalore-Based Aeolus Ltd. Announce Agreement

Space Tango, Inc., headquartered in Lexington, Kentucky, announced today that it has entered into an agreement with Aeolus Aero Tech Pvt. Ltd., based in Bangalore, India, to collaborate in the rapidly growing global entrepreneurial space marketplace. Aeolus Aero Tech, led by its Managing Director RajaGuru Nathan, also recently and successfully completed the Space Business Accelerator Program involving Space Tango.

Through this Agreement the two companies will advance and commercialize space technologies. Together they will explore and pursue micro-satellite development and R&D opportunities under microgravity on the International Space Station (ISS). Further, the two companies will invest their efforts in the area of education to prepare young minds in space-related areas to help develop the needed talent force for tomorrow.

“Aeolus Aero Tech is an innovative and growing company with a solid team of engineers and entrepreneurs. We are excited about the potential of this collaboration in India and the US,” said Kris Kimel, Chairman of Space Tango.

Space Tango, Inc. strategically utilizes space to discover, design and commercialize innovative solutions for application on Earth. It is also the commercialization partner of Kentucky Space.

Aeolus Aero tech Pvt. Ltd., based in Bangalore, India, is a research-to-product company that provides turnkey technical solutions and products in the field of avionics and space sectors. It is the first Indian private company to develop COTS products for CubeSat and related microsatellite missions.

For additional information, contact Kris Kimel at kkimel@spacetango.com or 859-229-6161.

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