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Technology Accion can help in providing the satellites.
Tenth day of October, Boeing HorizonX – the venture capital division of Boeing – announced the investment in Accion Systems. Thus, the company wants to accelerate the process of developing the propulsion system for satellites in low and medium earth orbit and in deep space.
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Accion Systems Inc. – Boston startup working on scalable technology electric power for satellites. The investment in space technology that followed almost immediately after the acquisition of Boeing, manufacturer of satellites, Millennium Space Systems and significant investment in BridgeSat developing optical communication network for transmitting data from satellites in low earth orbit.
Space propulsion TILE from Accion must increase the service life and maneuverability of satellites and other spacecraft. TILE is used in nontoxic ionic liquid rocket fuel and engines the size of a postage stamp. The company claims that this system is smaller, lighter and cheaper than traditional ion engines.
“Scalable technology Accion can help in providing satellites, space vehicles and customers of new features, – says the managing Director of Boeing Ventures HorizonX Brian Sattler. – Investing in startups with a new generation of concepts, thus we speed up satellite innovation”.
Company Accion was founded in 2014 by two engineers from the Massachusetts Institute of technology. The last three years she has received annual contracts from the Ministry of defense. In June 2018 CEO and co-founder of Accion Natalia Bailey was included in the annual list of innovators under 35 MIT Technology Review.Boeing HorizonX Ventures held an investment round with participation GettyLab. The management informed that the investment will help Boeing to improve the capabilities of satellites. In 2011 the company introduced the world’s first satellite electric propulsion system – 702SP.