SHOOT FOR THE MOON

This Texas company is on a mission to the moon with $93 million NASA contract

NASA has tapped Firefly Aerospace, headquartered in Texas, to land science equipment on the moon. Courtesy of Firefly Aerospace.

A local aerospace company is over the moon about its latest endeavor: a NASA-funded project to deliver scientific payloads to the lunar surface.

NASA recently awarded rocket-maker Firefly Aerospace $93.3 million to deliver a suite of science and technology demonstrations and equipment to the moon in 2023. The award is part of a NASA initiative — and key to its moon-focused Artemis program — that enables the agency to tap commercial partners to quickly dispatch and land science and technology payloads on the moon.

As part of the deal, Firefly is responsible for what NASA calls "end-to-end delivery services," meaning the company will compile the NASA-sponsored and commercial payloads, weighing more than 200 pounds, launch them from Earth, land them on the moon using its Blue Ghost lander, which was designed and developed at Firefly's Cedar Park facility, and manage mission operations.

"Our team's collective experience resulted in a creative technical solution to meet the needs of all these payloads, with a strong emphasis on both lunar science return and customer service through each mission phase," says Will Coogan, Firefly's lunar lander chief engineer.

For Firefly, the mission supports the company's overall goal to become the leading space-transportation company in the U.S. The NASA award was publicized the same day Firefly announced a new board of directors and its plans to implement an internal restructuring of the company, namely designating specific business units dedicated to launchers and spacecraft, and expanding its government-relations team.

This is the first NASA award of its kind for Firefly, which is scheduled to deliver the goods to the moon's low-lying Crisium basin, enabling NASA to further investigate the lunar surface, all with the goal of preparing for future human missions to — and sustainable human presence on — the moon.

"The payloads we're sending as part of this delivery service span across multiple areas, from investigating the lunar soil and testing a sample capture technology, to giving us information about the moon's thermal properties and magnetic field," says Chris Culbert, manager of the Commercial Lunar Payload Services initiative at NASA's Johnson Space Center in Houston.

Firefly's Blue Ghost will land in an area of the Crisium basin known as Mare Crisium, a 300-mile-wide valley where NASA hopes to gain more understanding about the loose rock and soil, as well as the interaction of solar wind and Earth's magnetic field.

The lunar investigations will come shortly before NASA's planned missions to the moon and beyond. As part of its Artemis program, NASA aims to land the first woman and the next man on the moon by 2024, with the agency noting its partnerships with commercial companies like Firefly will help NASA "establish sustainable exploration by the end of the decade," then use that knowledge to "take the next giant leap: sending astronauts to Mars."

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This article originally ran on CultureMap.

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Building Houston

 
 

This Houston-based SPAC has announced the tech company it plans to merge with. Photo courtesy of Gow Media

A Houston SPAC, or special purpose acquisition company, has announced the company it plans to merge with in the new year.

Beaumont-based Infrared Cameras Holdings Inc., a provider of thermal imaging platforms, and Houston-based SportsMap Tech Acquisition Corp. (NASDAQ: SMAP), a publicly-traded SPAC with $117 million held in trust, announced their agreement for ICI to IPO via SPAC.

Originally announced in the fall of last year, the blank-check company is led by David Gow, CEO and chairman. Gow is also chairman and CEO of Gow Media, which owns digital media outlets SportsMap, CultureMap, and InnovationMap, as well as the SportsMap Radio Network, ESPN 97.5 and 92.5.

The deal will close in the first half of 2023, according to a news release, and the combined company will be renamed Infrared Cameras Holdings Inc. and will be listed on NASDAQ under a new ticker symbol.

“ICI is extremely excited to partner with David Gow and SportsMap as we continue to deliver our innovative software and hardware solutions," says Gary Strahan, founder and CEO of ICI, in the release. "We believe our software and sensor technology can change the way companies across industries perform predictive maintenance to ensure reliability, environmental integrity, and safety through AI and machine learning.”

Strahan will continue to serve as CEO of the combined company, and Gow will become chairman of the board. The transaction values the combined company at a pre-money equity valuation of $100 million, according to the release, and existing ICI shareholders will roll 100 percent of their equity into the combined company as part of the transaction.

“We believe ICI is poised for strong growth," Gow says in the release. "The company has a strong value proposition, detecting the overheating of equipment in industrial settings. ICI also has assembled a strong management team to execute on the opportunity. We are delighted to combine our SPAC with ICI.”

Founded in 1995, ICI provides infrared and imaging technology — as well as service, training, and equipment repairs — to various businesses and individuals across industries.

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