Brief: Creotech Instruments Signs Contract With ESA For Telescope Project

Creotech Instruments SA

07/11/2025 12:16

Company corrects percentage share of financing for work carried out by the company borne by the European Space Agency to 73.6% from 80%

Nov 7 (Reuters) - Creotech Instruments SA CRI1.WA:

SIGNS CONTRACT WITH EUROPEAN SPACE AGENCY FOR TELESCOPE PROJECT

CONTRACT VALUE 1.6 MILLION EUR, ESA COVERS 1.28 MILLION EUR

AIM OF PROJECT IS TO DEVELOP PROTOTYPE ENABLING VERIFICATION OF ASSUMPTIONS AND ARCHITECTURE OF UNIVERSAL REMOTE GROUND-BASED OBSERVATORY SEARCHING FOR NEAR-EARTH OBJECTS

COMPANY IS MAIN CONTRACTOR, AND ITS ROLE IS TO SUPPLY SCMOS ASTRONOMICAL CAMERAS ALONG WITH ADDITIONAL ACCESSORIES AND TO MANAGE IMPLEMENTATION OF PROJECT

VALUE OF WORK ON COMPANY'S SIDE AMOUNTS TO EUR 502,778.00, 73.6% OF WHICH IS FINANCED BY ESA

Source text: ID:nEM9TMsyDa

Further company coverage: CRI1.WA