SWISSto12’s HummingSat product line secures strong support at ESA Ministerial Council

Niederer Kraft Frey advised SWISSto12 on its negotiations with the European Space Agency (ESA).

SWISSto12, Switzerland’s fastest-growing aerospace company and a leading manufacturer of advanced satellite payloads and systems, announced that the HummingSat Partnership Project with the European Space Agency (ESA) is moving forward in the roll-out of the HummingSat satellite product line thanks to fresh subscriptions in excess of EUR 30 million received at the last ESA Ministerial Conference Meeting.

SWISSto12 is a scale-up of EPFL, one of Europe’s most vibrant and cosmopolitan science and technology institutions. SWISSto12 plays an important role in Europe’s new space ecosystem and collaborates closely with ESA to foster innovation in the European space industry and develop new satellite products. Its new product line HummingSat, developed in partnership with ESA, is the first product in the telecommunications satellite product line for Intelsat, making SWISSto12 the first scale-up specialist in the history of the industry to sign a contract of this nature with an established telecommunications operator.

The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with partner Andrea Wuerzner and junior associate Boris Catzeflis (both Corporate/M&A).