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'Contract wins provide endorsement of decision to redomicile to Dublin' - Scisys CEO

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Galileo is a European satellite navigation system. Photo: ©GSA

Galileo is a European satellite navigation system. Photo: ©GSA

Galileo is a European satellite navigation system. Photo: ©GSA

THE Dublin-listed software business Scisys has secured a €1.3m contract with Airbus Defence and Space.

Scisys provides IT and software services across a number of sectors including media, space, and defence.

The contract is for the development, integration, verification and maintenance of the EGNOS V3 Performance Assessment Facility (PAF).

The EGNOS V3 will provide augmented operational Safety of Life services over Europe, which improve the accuracy and availability of user positioning services from existing global navigation satellite systems (Galileo and GPS).

This latest contract comes on the back of two recently agreed deals for the company, also in respect of the European space sector.

Commenting on the deal, Klaus Heidrich, CEO of Scisys, said the recent series of space contact wins "provide an important endorsement of the board's decision last year to redomicile Scisys' parent company to Dublin."

"This step has enabled us to protect European Union funded work and puts the Scisys group in a solid position to navigate Brexit going forward," Mr Heidrich added.

The contract has been awarded under a programme funded by the European Union and the European Space Agency.

In November the company was admitted to trading in Dublin, making it the first Brexit refugee to list on the Irish Stock Exchange.

Online Editors