#United States #Lockheed Martin #Albuquerque, NM #mPower Technology #Space Solar

Strategic Boost for mPower Technology with Lockheed Martin Investment

mPower Technology, Inc., recognized as a leader in flexible solar power for space applications, has reached a significant milestone with a strategic investment from Lockheed Martin Ventures. This investment is an extension of mPower's recent Series B funding round, totaling over $24 million, aimed at positioning the company for substantial growth in the emerging space solar power industry.

Unleashing Potential with DragonSCALES™

At the forefront of mPower's innovative technology is the DragonSCALES™ solar module, which is lauded for its flexibility, resilience, and cost-effectiveness. This technology is not only pioneering but promises to unlock new opportunities for spacecraft design and energy production in outer space, which are critical for upcoming space missions.

Kevin Hell, President and CEO of mPower Technology, expressed enthusiasm at having Lockheed Martin Ventures on board, highlighting their extensive expertise and visionary approach towards the future of space and national defense. He emphasized the importance of their support in accelerating the production and scaling of solar power solutions that cater to the rapidly expanding space economy while supporting U.S. security interests.

Impact on National Security and Space Operations

Lockheed Martin Ventures, prominent in the aerospace and defense sectors, joined a coalition of notable investors including Razor's Edge Ventures and Shield Capital, both of whom prioritize technologies essential to national security and resilient space infrastructure. Chris Moran, Vice President at Lockheed Martin Ventures, acknowledged that affordable and reliable power solutions are imperative for the success of future space operations. He expressed eagerness to support mPower’s advancement as they address complex challenges in the realm of space technology.

Real-World Applications of DragonSCALES™

The DragonSCALES™ technology has already found a place in several high-profile space programs. Notably, Airbus Netherlands B.V. has selected these modules for their Sparkwing solar arrays, intended to power MDA’s AURORA satellites for low-earth orbit constellations such as Telesat Lightspeed and the next-generation Apple-backed Globalstar constellation.

mPower Technology operates a state-of-the-art, high-volume automated production line located at Universal Instruments Corporation in Conklin, New York. This facility is projected to produce over two megawatts of DragonSCALES™ annually, surpassing the collective output of traditional gallium arsenide (GaAs) space solar suppliers.

Proven Legacy and Future Vision

With an impressive track record of over 12 years of performance in orbit, mPower has earned the trust of significant industry players including Airbus, Blue Origin/Honeybee, Firefly Aerospace, Lynk Global, and Gravitics. mPower’s commitment to reshaping the solar market for space technology stands as a testament to their pivotal role in future space explorations.

About mPower Technology, Inc.

mPower Technology is at the forefront of transforming space solar capabilities through its unique DragonSCALES™ design. Designed for mass production using conventional silicon photovoltaic processes, DragonSCALES™ aims to deliver high-performance solar power solutions for various spacecraft types. For more details, visit their official website at mpowertech.com and connect with them on LinkedIn, X, and Facebook.

About Lockheed Martin Ventures

Lockheed Martin is a prominent player in defense technology, fostering innovation and advancing scientific endeavors. Their mission solutions and 21st Century Security™ vision enhance the delivery of revolutionary technologies, ensuring readiness for those they serve. Further information can be found at www.Lockheedmartin.com.