And here is a recent informal announcement by the two entities on their collaboration:

That’s right: Arx Pax is announcing a new partnership with NASA, which wants to use hover engine technology to capture and manipulate micro-satellites. In other words, NASA and Arx Pax are going to try to create a magnetic tractor beam. A small one.

Seriously, what types of applications could more advanced iterations of a tractor beam be used for? Feel free to comment with your ideas.

And if this thing progresses further think of how it might effect astronomy too!

This is too cool we hope you enjoy the video.

thanks to gudgets.com for the great info