NIBE Limited has informed the Exchange regarding a press release dated April 14, 2025, titled "NibeSpace Receives IN-SPACe registration for EO Data Dissemination".
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NIBE Limited's space division, NibeSpace, has received registration from IN-SPACe (Indian National Space Promotion and Authorization Center) for Earth Observation (EO) Data Dissemination, as per a press release dated April 14, 2025. IN-SPACe is the government body that authorizes private companies to operate in India's space sector. This clearance allows NibeSpace to legally distribute satellite-based Earth Observation data and imagery to customers in India. The move marks NIBE's entry into the regulated space data services business, which has applications in agriculture, urban planning, disaster management, and defense.
Positive development for shareholders. The IN-SPACe registration gives NibeSpace a legal green light to commercially offer EO data services, opening a new potential revenue stream and positioning the company within India's growing private space economy.