According to Orbital Recovery Ltd., the Netherlands-based Dutch Space has agreed to a major investment in the company. The contribution, the amount of which was not disclosed, will enable the ConeXpress Orbital Life Extension Vehicle to enter service in 2007.

ConeXpress will serve as an orbital “tugboat” – providing the propulsion, navigation and guidance required to maintain geostationary telecommunications satellites in their proper orbits for years beyond the normal fuel depletion period.