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updated: May 20, 2020 18:46 EDT
May 20, 2020 (Newswire.com) –
The Florida Venture Forum has selected Miles Space, a Tampa aerospace startup, to present at the Aerospace Innovation & Tech Forum via webinar series on May 22, 2020, and May 29, 2020, with prize money award announcements on June 5, 2020. This will be the third annual aerospace-focused event the Forum has hosted in partnership with Space Florida.
Miles Space, founded from its wins within the NASA-sponsored CubeSat challenge, set its sights on the local Florida competition, which carries with it a share of a $100,000 cash prize, which will help the company ensure that its satellite is ready to launch in the first quarter of 2021.
The team has created not only a new way of propelling satellites through space, but also a revolutionary new way to track them via Miles Space’s propulsion system. That propulsion system is a new kind of water vapor-based electric plasma drive shown to be significantly more efficient than any other propulsion system on the market today.
Ben Patz, Florida Venture Forum board member, head of the event selection committee and managing partner of DeepWork Capital, stated in a public email, “The Florida Venture Forum and Space Florida have provided a unique opportunity for companies with innovative technical solutions to showcase those solutions virtually. The number of applicants for this event from all around the world has been humbling. This has allowed the selection of a truly diverse mix of companies with innovative and inspirational technologies.”
“Our goal is to build a one-stop-shop for super-economical space travel,” says Wesley Faler, Miles Space CEO. “A modern-day gold rush is coming in space, and those who can get there first, fast, and least expensively are going to win.”
It is this combination of propulsion and communication systems that has landed Miles Space in the finalist category for the Florida Venture Forum, with its own small share of the prize money awarded just for making it this far. Within a few days, the winners will be selected and Miles Space may be able to add another “trophy” to its shelves. The company’s satellites are already scheduled to be launched by NASA, but the long-term vision for Miles Space requires capital investment and that may be the door opened by this new win.
ABOUT MILES SPACE
Based in Tampa, Florida, Miles Space Inc. is an aerospace company developing a unique water vapor-based propulsion for satellites as well as satellite communication, drone detection, and a new type of radar. Miles Space’s vision unifies these technologies of today with the inevitable commercial future of deep space exploration.
Source: Miles Space Inc.