Redwire Space Announces Strategic Expansion of its In-Space Manufacturing Technology Portfolio to Tap into Global Semiconductor Market
29 Janvier 2024 - 1:30PM
Business Wire
Redwire Corporation (NYSE: RDW), a leader in space
infrastructure for the next generation space economy, announced
today the strategic expansion of its in-space manufacturing
technology portfolio with the first pathfinder mission for its
autonomous semiconductor manufacturing platform, MSTIC. MSTIC will
launch to the International Space Station (ISS) onboard Northrup
Grumman’s 20th cargo resupply services mission (NG-20).
Semiconductors are an essential component that enable many of
the devices that are used in modern life, such as smartphones,
computers, automobiles, medical devices and more. The global
semiconductor market was valued at over $600 billion in 2022, with
experts forecasting that the market will reach over $1 trillion by
2030. Current challenges within the semiconductor supply chain,
including geopolitical risk and complex manufacturing processes,
present an opportunity for innovation and increasing domestic
production.
“We are strategically expanding our space manufacturing
capabilities to reach new markets and drive innovation that could
support U.S. leadership in the global semiconductor ecosystem. This
pathfinder mission represents an exciting step to validate
space-based manufacturing processes that could deliver superior
components beyond what is capable on Earth, which could have real
impact on semiconductor supply chains,” said John Vellinger,
President of Redwire’s In-Space Industries.
The MSTIC payload was developed in partnership with the ISS
National Laboratory and NASA through its In Space Production
Applications Flight Demonstrations program, which is focused on
ensuring U.S. leadership of in-space manufacturing to demonstrate
the production of advanced materials and products for terrestrial
markets.
MSTIC is the latest addition to Redwire’s robust portfolio of
space biotech and in-space manufacturing capabilities, which spans
over 20 facilities developed for the ISS, with eight currently
operating on orbit. The company plans to open a 30,000 square foot
microgravity payload development facility and mission operations
center in Floyd County, Indiana, to support increased production of
critical technologies for human spaceflight missions and commercial
microgravity research and development in LEO.
About Redwire
Redwire Corporation (NYSE:RDW) is a global space infrastructure
and innovation company enabling civil, commercial, and national
security programs. Redwire’s proven and reliable capabilities
include power solutions, RF systems and satellite payloads,
GN&C components and avionics, deployable structures and
critical mechanisms, digital engineering, testing and analysis, and
revolutionary microgravity R&D and manufacturing. Redwire
combines decades of flight heritage and proven experience with an
agile and innovative culture. Redwire’s 700 employees working from
14 facilities located throughout the United States and Europe are
committed to building a bold future in space for humanity, pushing
the envelope of discovery and science while creating a better world
on Earth. For more information, please visit redwirespace.com.
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Media Contact: Emily Devine Emily.Devine@redwirespace.com
305-632-9137 OR Investors:
investorrelations@redwirespace.com 904-425-1431
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