Accion Systems, a small satellite propulsion company, won a $3MM grant to advance its propulsion systems.
June 17, 2015—Accion Systems Inc. today announced it has been awarded a $3MM Rapid Innovation Fund (RIF) contract from the Department of Defense. The RIF program was established to facilitate the rapid insertion of innovative technologies into military systems. Through this effort, Accion will advance its next-generation electric propulsion system.
Accion has demonstrated smaller products for the increasingly popular CubeSat form factor since raising its seed round in December of 2014 and is also under contract to investigate novel methods for higher-thrust systems using the same hardware. CEO Natalya Brikner says of this award and other recent progress that “our team is excited to take our technology to the next level of performance and capability with so many strong partners behind us.” A flight demonstration was launched last month but the propulsion system is still waiting its turn in the mission’s order of operations before it will be turned on and evaluated.
To meet demand from the rapidly growing small satellite sector, the MIT-spinout is expanding into new facilities outside of Boston and is recruiting for several positions including mechanical engineers, a production and quality engineer, and a program manager.
About Accion Systems Inc.
Founded in 2014 and headquartered in Cambridge MA, Accion Systems Inc. develops advanced technologies for the new space industry. Accion’s propulsion systems are some of the first that can add maneuverability and lifetime to small satellites; the same systems can be scaled up to support satellites up to 2000 kg. Learn more at www.accion-systems.com.