Houghton, MI – According to filings with the U.S. Securities and Exchange Commission, Orbion Space Technology is raising $19,999,605.00 in new funding. Sources indicate as part of senior management President, Lyon King played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Orbion Space Technology
Orbion Space Technology is developing and manufacturing revolutionary plasma propulsion systems for small satellites. Because of their fuel efficiency, Orbions thrusters can save spacecraft operators millions of dollars in operating costs while increasing the value of the spacecrafts data product. Orbion has a novel manufacturing approach that will enable production of plasma thrusters at the unprecedentedly high rates that are required to equip the space revolution. More than 5,000 small satellites will be launched within the next seven years. These satellites will perform Big Data missions such as providing wireless global internet and recording detailed images of anywhere on the Earths surface every hour. Each of these satellites will need its own thruster to maneuver in space, counteract drag, and execute a controlled re-entry at the end of the mission to avoid populating space with junk.

To learn more about Orbion Space Technology, visit http://www.orbionspace.com/

Contact:
Lyon King, President
906-370-2376
https://www.linkedin.com/in/lyon-brad-king-ab3a48126/

SOURCE: http://www.intelligence360.io
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