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Hanwha Systems and its subsidiary Satrec Initiative are proposing an integrated panel-type satellite design that fuses payload, bus, and solar arrays to maximize packing density in the launch fairing.
Satrec Initiative is responding to countries' desire for their own sovereign space systems with a leasing business model.
Eugene Kim, executive vice president of Satrec Initiative, stated that the company aims to provide some of the highest resolution in the market.
Satrec Initiative demonstrated 25 cm native-resolution with its recently launched SpaceEye-T satellite.
SpaceEye-T is funded and manufactured by Satrec Initiative and will be operated by SI Imaging Services.
Satrec Initiative was founded in 1999 by engineers who developed the first Korean satellite and a series of advanced smallsats.
SpaceEye-T is entirely funded and manufactured by Satrec Initiative (SI).
South Korea’s Defense Acquisition Program Administration signed a $13,900,000 contract with Satrec Initiative in October to develop a space weather forecast system.
South Korea’s Defense Acquisition Program Administration signed a $13,900,000 contract with Satrec Initiative to develop a space weather forecast system.
Satrec Initiative became an affiliate of Hanwha Group in January after Hanwha Aerospace purchased a 30-percent stake in Satrec Initiative for about $100,000,000.
Satrec Initiative is a South Korean satellite maker founded in 1999 by the engineers who developed the first Korean satellite, KITSAT-1, at KAIST Satellite Technology Research Center.
Satrec Initiative aims to complete SpaceEye-T in 2023.
Satrec Initiative developed South Korea’s first satellite, KITSAT-1, which launched in 1992.
Satrec Initiative develops core technologies to produce small and medium-size Earth-observation satellites, ground systems, and electro-optical payloads on Korean soil.
Hanwha Aerospace struck a 109 billion won deal in January to acquire a controlling 30 percent stake in Satrec Initiative by the end of April.
Under Dong-kwan’s supervision, Hanwha Aerospace will partner with Satrec Initiative to advance satellite and rocket booster technology, Hanwha Systems will develop key Earth-observation satellite equipment such as SAR and antennas, Hanwha Defense will focus on launchpads, and Hanwha Corporation will work on solid fuel.
Satrec Initiative was established in 1999 by engineers who contributed to making South Korea’s first satellite, KITSAT-1.
Hanwha Aerospace is investing approximately $100,000,000 in Satrec Initiative.
Satrec Initiative was founded in 1999 by engineers who developed the first Korean satellite and a series of advanced small satellites.
Satrec Initiative plans to expand its business to respond to growing domestic and international demand for SAR, IR, and optical satellite systems.