Satrec Initiative (SI), founded in 1999, is a South Korean company specializing in manufacturing small to medium-sized Earth observation satellite systems. They design and build satellites like the SpaceEye series, offering high-resolution electro-optical payloads and components such as star trackers. As a solution provider, they also offer ground systems, satellite technology training and AI-based GEOINT solutions. Satrec Initiative's customers include the South Korean military and international partners, and they aim to provide cost-effective, high-performance satellite solutions for various Earth observation needs.
All verified mentions of this organization in source documents.
On 2021-01-14, Hanwha Aerospace planned to invest approximately $100,000,000 to purchase 30% of the shares of satellite manufacturer Satrec Initiative.
Satrec Initiative will expand its business to respond to growing domestic and international demand for synthetic aperture radar, infrared, and optical satellite systems.
Once the deal is completed, Satrec Initiative will be managed independently while having access to Hanwha Aerospace’s radar and infrared technologies.
Satrec Initiative was founded in 1999 by engineers who developed the first Korean satellite.
Hanwha Aerospace plans to invest approximately $100,000,000 to purchase 30% of the shares of satellite manufacturer Satrec Initiative, with the plan disclosed on 2021-01-14.
Satrec Initiative will expand its business to respond to growing domestic and international demand for synthetic aperture radar and infrared satellite systems as well as optical satellite systems.
Satrec Initiative was founded in 1999 by engineers who developed the first Korean satellite.
Once the deal is completed, Satrec Initiative will be managed independently but will have access to Hanwha Aerospace’s radar and infrared technologies.
Loft Orbital established a partner network in 2018 that includes satellite manufacturers LeoStella, Maxar Technologies, OHB/LuxSpace, Satrec Initiative, and Blue Canyon Technologies, along with partners in launch, ground communications, and analytics.