(Alliance News) - Officina Stellare Spa and Skyloom Global Corp. USA announced on Wednesday that they have signed a technology and licensing agreement, as well as a collaboration agreement, for the implementation of the "Skyloom Europe" project.

Skyloom Global Corp. USA is an American company pioneering multi-orbit space data transport services and laser communication technologies.

The project aims to redefine optical communications in the European civil and military sectors, as explained by the company in a statement.

Specifically, the goal is to foster cooperation between Officina Stellare and Skyloom for the commercialization of optical communication technologies and services, under the "Skyloom Europe" brand. The initiative will include the establishment of a new company in Italy, wholly owned by Officina Stellare, and the construction of a high-capacity production facility to meet the growing and continuously developing global optical communications market.

The total value of the project is estimated at around EUR12 billion.

By Claudia Cavaliere, Alliance News reporter

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