Qosmosys and the Luxembourg Space Agency (LSA) Sign a Letter of intent (LoI) to Advance Lunar Economy Initiatives

Luxembourg, March 25th, 2024 – Qosmosys, a pioneering company in the field of lunar economy, has signed Letter of Intent (LoI) with the Luxembourg Space Agency (LSA) to collaborate on cutting-edge research and development projects in the burgeoning field of the growing lunar economy.

As Qosmosys expands its exploration of opportunities in specific corners of the world to develop projects that bolster its position in the Moon race, this LoI is a significant step towards establishing a presence in Europe. It also marks the partnership between Qosmosys and LSA, enabling to focus on advanced applications pertinent to the Moon economy, which could specifically offer potential benefits for Earth in the near term.

These projects are still to be selected with the LSA and a particular attention is on the mutual synergies they create, enhancing Luxembourg’s expertise in space technology while providing Qosmosys with an optimal environment for developing cutting-edge solutions for space exploration, supported by a local skilled workforce and a particular safety-conscious environment.

Commenting on the collaboration, Francois Dubrulle, CEO of Qosmosys, stated, “Developing the Moon economy requires a supportive environment to nurture our projects. We are delighted to partner with the Luxembourg Space Agency, sharing a vision of unlocking the immense potential of the Moon economy. Recognizing the importance of LSA’s position within the European ecosystem, we believe this collaboration will be instrumental in our development journey. Success requires choosing the right location.”