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HawkEye 360 fails to gain key Financing and clear Launch times
HawkEye 360--- Address: 13873 Park Center Rd #550n, Herndon, VA 20171 Phone:(571) 203-0360. HawkEye 360, Inc. Funding round from Allied Minds was “$17.0 million proceeds from the financing round at Federated Wireless in January 2016 and $1.9 million from issuance of share capital in Allied Minds, ABLS Capital and HawkEye 360.”
HawkEye 360, Inc. (HE360) is “building a constellation of small low Earth orbit (LEO) satellites capable of detecting wireless signals that can be used to track and monitor global transportation networks, assist with emergencies and provide other data analytics and reporting services to a broad range of customers. What is unique about the system is that it is capable of identifying radio frequency (RF) signals, locating them and then visualizing the information in a way that no one has done before. Being able to provide this information globally and on a timely basis is distinctive and offers a solution those current terrestrial based systems or simple photos are unable to provide.
Director of Space Systems, Dan CaJacob manages spacecraft-related activities and projects for HawkEye 360. Prior to joining in late 2015, he worked for SpaceQuest, Ltd. in Fairfax, VA for ten years, most recently as Satellite Project Manager where he was responsible for development of more than ten successful commercial small satellites from paper-to-orbit, operations and a lights-out, automated SDR-based global ground station network. Dan studied Astronautical Engineering at the United States Air Force Academy where he worked on his first satellite – FalconSat-3
Since 2016, Hawkeye 360 reported four events. “The first was the formation of its advisory board in January 2016 which is comprised of several individuals including a former Director of the National Reconnaissance Office and a former Secretary of Homeland Security. The guidance that HE360 receives from this group is invaluable as it rapidly works to build its system and achieve commercialization. In April 2016, HE360 made two key additions to the team by hiring a vice president of sales and vice president of engineering. The addition of these two critical hires to the leadership team has helped the company to accelerate the development of its space-based RF mapping and analytics system to serve both commercial enterprises and governments.
In May 2016, HE360 took a critical step toward the launch and operation of its constellation system by announcing a partnership with Deep Space Industries to manufacture its Pathfinder small satellite cluster. Securing this partnership, only a few months after the formation of HE360 in September 2015, is key for the scheduled launch and testing of the system in late 2017. Once the constellation is launched and operational, HE360 will be operating the world’s first privately-funded constellation of LEO small satellites capable of collecting data and generating reports on geolocated wireless signals. Finally, in July 2016 (post-period), HE360 announced that it is collaborating with Lockheed Martin to apply HE360’s RF detection and mapping technology in new markets. The two companies agreed to work together to apply HE360’s space-based RF data and analytics capabilities in new mission solutions, potentially extending the adoption of the technology across multiple customer segments and new markets.
HawkEye 360, Inc., a subsidiary of Allied Minds (LSE: ALM), and Lockheed Martin (NYSE: LMT) are collaborating to apply HawkEye 360’s radio frequency (RF) detection and mapping technology in new markets. Deep Space Industries and its sub-contractor, the University of Toronto Space Flight Laboratory (SFL) have not begun manufacture ring its Pathfinder small satellite cluster. Hawkeye 360, with key US DOD directions, has partnered with (LM) Lockheed Martin, “a global security and aerospace company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. LM also provides a broad range of management, engineering, technical, scientific, logistics and information services. The company serves both U.S. and international customers with products and services that have defense, civil and commercial applications, with principal customers being agencies of the U.S. Government. In 2015, 78% of our $46.1 billion in net sales were from the U.S. Government, either as a prime contractor or as a subcontractor (including 58% from the Department of Defense (DoD), 21% were from international customers (including foreign military sales (FMS) contracted through the U.S. Government) and 1% were from U.S. commercial and other customers. Our main areas of focus are in defense, space, intelligence, and homeland security and information technology, including cybersecurity.”
“Lockheed Martin operates in an environment characterized by both increasing complexity in global security and continuing economic pressures in the U.S. and globally. A significant component of our strategy in this environment is to focus on program execution, improving the quality and predictability of the delivery of our products and services, and placing security capability quickly into the hands of our U.S. and international customers at affordable prices. LM is endeavoring to develop and extend our portfolio domestically in a disciplined manner with a focus on adjacent markets close to their core capabilities, as well as growing international sales.”
The British Small Hedge Fund, Allied Minds seeks “access to disruptive technologies that tend to be in a relatively advanced stage of development which facilitates adaption for commercial purposes. It has led to the formation of important subsidiaries like Federated Wireless, HawkEye 360 and Percipient Networks, and licenses for technology from AMERICAN FUNDED Los Alamos National Laboratory, USA Aerospace Corporation (Aerospace Corporation operates a US federally funded research and development center (FFRDC) for the United States Air Force), and MITRE (operates sensitive US federally funded research and development ) …”
In 2016, HawkEye 360, picked Deep Space Industries and its sub-contractor, the Canadian University of Toronto Space Flight Laboratory (SFL) as the manufacturer for its Pathfinder small satellite cluster. Deep Space Industries has also chosen to participate in HawkEye 360’s first preferred financing round. However, no announcement has been made as of March 10, 2017.
“HawkEye 360 is developing a space-based radio frequency mapping and analytics system for use by commercial enterprises and governments. The constellation is planned for Low Earth Orbit (LEO) at less than 600 kilometers from the Earth’s surface to collect data and generate reports on geolocated wireless signals that can be used to monitor global transportation networks, support government requirements, and assist with emergencies. The company’s Pathfinder cluster, which precedes the larger constellation, is scheduled for launch and testing in “late 2017”.