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Galileo launches are expected to begin in late 2004 with the orbiting of the first experimental satellite, which will form part of the Galileo System Test Bed (GSTB).
Building on Galileo Industries' earlier successes during the programme's definition phase, the new [euro]10-20 million ($9.8-19.6 M) award covers the development of the first version of the Galileo system test bed (designated as the GSTB - VI).
The GSTB (Going Solar Tax Break) has formed the model for comparable initiatives internationally and, as a foundation member of the UN's Energy for a Future program, Australia is now considered a centre for excellence in renewable energy technology.
(OTCQX: PKKW) and Great State Bank (OTC Pink: GSTB) have announced they have been approved to merge by their shareholders, the companies said.
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