November 30, 2021

LET’S TAKE A LOOK AT THE HISTORY OF ORBITX AND THE SETBACKS THAT HAPPENED

LET’S TAKE A LOOK AT THE HISTORY OF ORBITX AND THE SETBACKS THAT HAPPENED

* 2019 – We started OrbitX
* 2019 – We signed a seed funding through a middleman.
* 2020 – We busted the middleman and confronted in a bar lounge in Quezon City.
* 2020 – Projects were pushed back.
* 2020 (Pre-COVID) – An American investor came in signed and agreed to give funding in tranches.
* 2020 – Prototyping of the machinery for biofuel 1 went through.
* 2020 – Assisted DOST for an AI Drone for COVID.
* 2020 (During COVID) – The American investor went missing. He was affected by the pandemic.
* 2020 – Major project delays. Rocket design was not initiated.
* 2020 – SEC Certificate was issued.
* 2020 – Engineers and experts came in to volunteer.
* 2020 – Small biofuel 1 production happened. Received 33 million liters of demand. Failed to scale up due to funding issues.
* 2020 – No prototype for any rocket part due to financial hurdles.
* Late 2020 – Initial design of Haribon was made. Consultation with experts also happened.
* 2020 – Initial plan to buy a rocket engine from Russia was changed to creating an actual Filipino made renewable liquid rocket engine called “Tamaraw.”
* 2021 – OFWs from South Korea came in to finance the projects in tranches.
* 2021 – First prototypes of the rocket engine injector system and tests happened.
* 2021 – Tools were procurred.
* 2021 – Government permit for import and export of military grade materials was acquired.
* 2021 – Cooperation with Safran France started.
* 2021 – Growing cost of capital for rocket production is being faced. Acquisition of shipping containers, land, manufacturing of tanks, procurement of data acquisition units from Safran are expensive.
* 2021 – Procurement of hazardous chemicals for Haribon tests is also required.
* 2021 – Decision to explore blockchain as a funding tool for Haribon was made.
* 2021 – Cooperation with MMDA for waste management to secure raw materials for RP-1 started.
* 2021 – No feedback and assistance from Philippine Space Agency (PhilSA).
* 2021 РRegistered in the United States and informed the NASA Attach̩ in Tokyo, Garvey McIntosh about OrbitX and its plans.
* 2021 – Decision to extend blockchain projects as a long term game plan and “reinvesting” as the main money making product line for Haribon was made.