Peter Kant, CEO of Accion, said the company aims to bring its flagship TILE product and other space maneuverability platforms to all satellite classes and multiple space missions. The TILE system is designed to use proprietary ion electrospray thrusters and less than 50 percent of the power required by some current propulsion technologies.
Accion expects to roll out four systems this year and two more early in 2022.
Stephen Feinberg, co-founder and co-CEO of Cerberus Capital Management, established Tracker Capital to primarily invest in technology companies.
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