Medigus (MDGS) Stock Heads Up on Successful NASA Mission

Medigus MDGS Stock News

Medigus (NASDAQ: MDGS) is making a run for the top in the market this morning and for good reason. The company announced the successful completion of a NASA mission that used its technology. Here’s what’s going on:

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MDGS Stock Is Climbing on Successful NASA Mission

In the press release, Medigus announced that its subsidiary, ScoutCap, informed it of success of its micro ScoutCap 8.0 HD in NASA’s third Robotic Refueling Mission. The technology was officially used by NASA from October 19th through 22nd.

In the release, MDGS said that the micro camera serves as the borescope camera on NASA’s Visual Inspection Poseable Invertebrate Robot 2. This is a robotic, multi-capability inspection tool. The tool was launched to the international Space Station on December 5, 2018.

The company went on to say that NASA’s mission builds on the first two phases of International Space Station technology demonstrations that tested tools, technologies, and techniques to refuel and repair satellites in orbit. The second phase of the mission used micro ScoutCam 1.2, the company’s first generation minuscule video camera.

In a statement, Yaron Silberman, CEO at the MDGS subsidiary, ScoutCam, had the following to offer:

We are thrilled that micro ScoutCam 8.0 HD was a success in NASA’s RRM3 mission. We strive to provide our customers with cutting-edge, custom technologies, and are pleased with our second success with NASA, as tools like micro ScoutCam 8.0 could be used to aid in the replenishment of vital supplies in space. We are especially proud that the continued collaboration is the result of an official global tender bid with the United States Government, where ScoutCam’s technology was selected over that of other companies.

This Is Huge News

The news issued by Medigus this morning proved to be overwhelmingly positive. The company’s technology was successfully used in a NASA mission in space. Recently, space travel has been all the rage, with massive amounts of money being spent on making it possible.

As the space industry continues to expand, the technologies that are used to keep things running will become more and more valuable. As a result, MDGS stock is one to keep a close eye on.

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