Neutron Star Systems completes US restructuring to capitalize on business and defense partnership opportunities
Neutron Star Systems completes US restructuring to capitalize on business and defense partnership opportunities
Press release from: Neutron Star Systems
Posted: Wednesday April 6th 2022
Colorado Springs, April 2022 Neutron Star Systems (NSS) has completed the restructuring of its presence in the United States. The restructuring, which was carried out in order to facilitate doing business between NSS and government and commercial customers in the United States, further provides NSS with the flexibility to operate freely within an ever-changing geopolitical landscape. A governing board of directors has been established to guide the activities of NSS in the United States.
NSS established its first presence in the United States on May 31 last year, as part of the Catalyst Accelerator, sponsored by the US Space Force and Air Force Research Laboratory. Further success soon followed, as NSS USA was accepted into the Q-Station Soft Landing Incubation Program in Albuquerque, New Mexico, and was awarded 3rd Prize in the 2021 Hyperspace Challenge. the potential offered by these opportunities and to engage effectively with our stakeholders in the United States, NSS decided to restructure its activities in the United States. The original S-Corp has been replaced by two new legal entities: NSS USA Corp. will oversee all business operations and serve as a link to the German NSS entities. A subsidiary, NSS LLC, was also incorporated, entirely dedicated to seeking and executing government contracting opportunities.
“Since our first visit to the United States in November 2019, we have received a warm welcome and excellent support. We sincerely believe that the United States, with its ambitious attitude and strong space ecosystem, is the perfect place to realize the vision of revolutionizing the space industry. Completing the restructuring process is a key step for us to continue to capitalize on the work of the past two and a half years, secure our technology and leverage the fantastic support we have received so far. said Manuel La Rosa Betancourt, CEO of NSS.
The restructuring process has been an excellent opportunity for NSS to strengthen its Board of Directors and welcome several new members with high quality business and technical expertise. Along with current board members and founders Manuel La Rosa Betancourt and Marcus Collier-Wright, NSS welcomes:
Eudys Guevara
Administrative director
Eudys is a German industrial engineer of Venezuelan origin with more than 20 years of experience in quality management and auditing. After moving to Germany in 2013, Eudys helped lay the foundation for Neutron Star Systems. In 2018, she graduated in industrial engineering from the European University of Applied Sciences Brühl and now leads operational matters at the NSS, including human resources, control and standardization.
David Hindley
Product manager
David is a British Physicist and Chartered Engineer with over 3 decades experience in the space industry. David brings a wealth of experience, having led dozens of ESA and EU contracts, and with a track record of several successful launches of space equipment. More specifically, he was responsible for managing the development and flight of the T5 electric propulsion system used on ESA’s GOCE mission.
Gabriel Ermoli
Head of Investor Relations
Gabriel is a Venezuelan-born American citizen mechanical engineer with over 20 years of experience in oil and gas operations, corporate finance and business development with a broad entrepreneurial trajectory. “NSS SUPREME technology has the potential to transform the landscape and the way things are done not only in space, but also in terrestrial applications and markets such as the oil and gas industry.” Gabriel said
About neutron star systems
Neutron Star Systems USA Corp. is a new space startup with German roots operating in Colorado Springs, Colorado, and Albuquerque, New Mexico, focused on developing superconductor-based spacecraft systems for missions such as GEO Satellites for encrypted and secure multi-domain and multinational level communications, constellations, in-orbit servicing assembly and manufacturing (OSAM), orbit transfer vehicles for cargo transfers between LEO and the Moon, space weather monitoring, cargo and spacecraft missions crew to Mars. NSS’ main product is an electric propulsion system called SUPREME based on the combination of high-temperature superconductors and applied-field magnetoplasmadynamic thrusters, providing greater scalability, efficiency and operational flexibility, and enabling more powerful and faster spacecraft. performance while reducing costs by up to billions of dollars. dollars.
Contact:
Manuel La Rosa Betancourt
Neutron Star Systems USA Corp
c/o Catalyst Campus
455 East Pikes Peak Ave, STE 102
Colorado Springs, CO, 80903.
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