NewSpace People Interview with VALT Enterprises

V.P. Business Development

What Is the Background of VALT Enterprises’ Top Management?

Karl Hoose, the Founder and CTO of VALT Enterprises, is a licensed professional engineer with over 30 years’ experience in advanced engine and vehicle design. Prior to spinning-off VALT, he owned and operated an award-winning high-tech R&D engineering firm, Applied Thermal Sciences (ATS), which excelled in systems engineering design and product development from concept through commercialization. Established in 1998, ATS operated largely as a federal government contractor and grew to 30 employees with over $70M in revenue. Karl received his B.S. and M.S. degrees in Mechanical Engineering from the University of Maine.

Elise McGill, the Co-founder and VP of Business Development, has extensive experience in market research and analysis, customer relationship management, organizational leadership, strategic planning and bridging technological innovation to evolving market sector demands. She has been investigating the nanosatellite industry for over 7 years and maintains significant expertise in marketing hypersonic systems for unique areas of growth, such as, nanosatellite launch, missile defense, hypersonic UAV delivery and access to space missions.
What Is VALT Enterprises’ Core Product or Service?

VALT Enterprises designs and develops the VALT launch system specifically to address the fast-growing dedicated launch demand and access to space requirements of the emerging nanosatellite industry. VALT intends to provide its customers with the lowest-cost, most flexible & frequent access to space available on the market. Because our customers have primary payload status, VALT Enterprises works directly with the customer on integration and launch, to accommodate a variety of customer desired options, like breaking from restrictions imposed by the CubeSat standard.
 

What Is VALT Enterprises’ Unique Proposition to Their Market Sector?

Unlike traditional launch providers, the VALT launch system will provide customers with the ability to access space when and where desired. At a mere $1.75M per launch, nanosatellite customers can procure their own transportation to orbit without the limitations and delays associated with rideshare options. The unique offering will allow nanosatellite companies to establish and replenish satellites very rapidly and start generating revenue in months compared to years. The VALT launch system can be launched from land, sea, or air platforms, and its combined safety and small size will allow customers a wide range of launch site locations to reach any orbit desired. Traditional launch providers can’t offer this type of customer service because launch vehicles are expensive and have limitations on launch locations, and orbital insertion points.
 

How Does VALT Enterprises’s Disrupt the Competitive Environment of Its Market with Its Product/Service?

The VALT launch system will eliminate the delays nanosatellite manufacturers see as rideshare customers on traditional launches. By offering the customer the control of when and where they go in terms of orbit, VALT will afford its customers the ability to establish their satellite constellations in a matter of a couple of months, as oppose to 2-3 years. Hence, VALT provides nanosatellite manufacturers and data analytics companies in the value chain the ability to generate revenue in a fraction of the time.

What Are VALT Enterprise’s Growth Objectives over the next 5 Years?

VALT Enterprises anticipates a three-year development effort growing to approximately 65 employees, just prior to the first year of production. VALT anticipates sales of approximately 30 launches in the first year of production, with growth rates of 25% per year the following few years as the nanosatellite market takes shape with VALT’s entrance into the market with its highly responsive and affordable “when and where” orbit capability.

What Competitive Changes Does VALT Enterprises Envisage Within Key Markets over the next 5 Years?

VALT Enterprises envisions a major growth spurt in nanosatellite constellations with a launch system specifically sized and priced for high frequency launch systems, such as VALT. This will provide those customers with the need to establish and maintain constellations, a reliable space access service that gives data/information consistency that their customers require. The lower cost of nanosatellites and higher frequency launches compared to the traditional satellite and launch service industry will likely shift higher percentages of satellite revenue to launch and lower percentages to satellite manufacturing. A move towards smaller satellite formats to those in the 25 kg to 100 kg weight class, a natural analog to Moore’s Law, will be a fundamental paradigm shift in the market. VALT will be ready to respond to this change

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