Pegasus satellite was declared “lost” by EXA

The Ecuadorian civilian space agency (EXA) has not recovered its first satellite, the Pegasus NEE-001 and declared finished the actions to recover the signal. Exa says the satellite is lost and they have executed the insurance that covers it.

EXA pointed out that on August 28,  the agency took the decision together with the Coordinating Ministry for Security and the Secretary of State Intelligence.

The nanosatellite Pegasus, in orbit since April 26, lost its course nearly a month after its launch from China, after a side collision with debris from a Russian rocket launched in July 1985. Earlier, the satellite issued video images from space.

The insurance Ecuadorian company Seguros Equinoccial “has compensated the loss of Pegasus completely and in a very short time”, points out the release.

In addition, EXA said that in the upcoming weeks, together with authorities of the Government of President Rafael Correa, the agency will release the launch date of another nano-satellite from Russia, the NEE-02 Krysaor. Ronnie Nader, the Cosmonaut who heads the project had said that September was the designated month  for this second launch.