MADRID - (01/16/2019) - Human migration to other planets could be just around the corner. Projects currently underway are pursuing a wide range of goals—from colonizing Mars to tapping asteroids as an energy source. A new space race is upon us. This time, however, the question is not who can get there first, but who can develop the right business model. In this conversation with William Dávila, Head of Corporate Relations at IE Business School, OffWorld co-founder James Murray argues that space exploration must yield tangible benefits for our planet.
James Murray, OffWorld Chief Engineer and Co-founder, said: “With the technology currently available, mineral extraction is a relatively simple activity. The difficulty depends largely on where you decide to go—to the lunar surface, or to a particular asteroid. There are many different types of asteroids. Some contain volatiles such as water. Some are pure metal. Others are like a desert—full of sand. Ultimately, the technique used will depend on the specifics of the mission."
ABOUT IE UNIVERSITY
IE University is a top international university and is recognized around the world and by the most prestigious associations for its high-quality teaching. With an innovative vision, entrepreneurial spirit, and a focus on humanities and academic rigor, IE University is committed to educating professionals who will make a difference to society. The IE Air & Space Initiative was launched by a group of students, alumni and faculty with a keen interest in the space industry, and a desire to learn more and involve IE in the conversation surrounding the business of space.
ABOUT OFFWORLD, INC.
OffWorld is a private company that is pioneering the design, development, and manufacturing of AI-powered industrial swarm robotic platforms. It is headquartered in Pasadena, California, and has offices in South Africa, Australia, and Luxembourg. OffWorld was founded in 2016 with the goal of expanding human civilization beyond Earth with the help of thousands of smart robots. It is reinventing the mining, manufacturing, and construction industries by developing a new generation of swarm robotic species that can withstand extreme conditions and work collaboratively in an eco-friendly approach while keeping humans out of harm’s way.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the ability of Off-World, Inc. (“OffWorld” or the “Company”) to access sources of capital; its ability to grow market share in the developing space economy; market acceptance of its current and planned products and services and ability to achieve sufficient production volumes. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and OffWorld assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. OffWorld gives no assurance that it will achieve its expectations.