Spire Global Announces Space Services Deal to Scale Constellation for HANCOM InSpace
March 27 2024 - 6:45AM
Business Wire
Sejong-2 and Sejong-3 will complement Sejong-1
to expand image analysis solutions
Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a
leading global provider of space-based data, analytics and space
services, announced an agreement with HANCOM InSpace (“Hancom”),
initially a spin-off by Korea Aerospace Research Institute and now
a part of HANCOM Group, for Sejong-2 and Sejong-3 two additional
satellites with Spire Space Services. Under this agreement, Spire
will build and operate the satellites, expanding the capabilities
of HANCOM-1 (Sejong-1). Together, these satellites will form a
constellation for Korea’s first three-satellite remote sensing
image data service.
Hancom specializes in commercial and government applications of
image analysis, including detection of vehicles, aircraft and
ships, changes in roads and buildings, and pine tree death
detection. The missions are focused on collecting optical imagery
for applications in the agriculture sector, including landscaping
applications and the expansion of its existing image analysis
portfolio offerings. Hancom plans to launch and operate a
constellation of up to 50 satellites.
Sejong-1, a Spire satellite carrying an optical payload for
Hancom, launched in May 2022 on the SpaceX Transporter-5 Mission
from Cape Canaveral Space Force Station. It was the first
commercial satellite deployed for a private South Korean
company.
"Collaborating with Hancom on the expansion of their satellite
constellation is a testament to the innovative spirit driving
advancements in the South Korean space industry,” said Frank
Frulio, general manager of Space Services at Spire. “As a pioneer
in deploying satellites, Hancom continues to demonstrate their
leadership in the space industry, and we are thrilled to contribute
to the growth of their constellation. Our Space Services team's
dedication and ingenuity shine through, ensuring an unparalleled
experience for customers like Hancom, and reinforcing our
commitment to delivering cutting-edge solutions in Earth
Observation and beyond."
“Collaborating with Spire Global underscores our commitment to
advancing the capabilities of our satellite constellation. Sejong-2
and Sejong-3, alongside Sejong-1, mark a significant step forward
in our mission to provide cutting-edge image analysis solutions.
Sejong-2 will serve as an extension of Sejong-1, focusing on
maritime, agricultural monitoring, and change detection, especially
in urban areas, while Sejong-3, equipped with a hyperspectral
imager, will leverage its spectral range advantages for
applications such as calculating wildfire damage area, analyzing
air pollution levels, and assessing river water quality,” said Dr.
Myungjin Choi, the CEO of HANCOM InSpace. “With the integration of
images from our own multispectral and hyperspectral imagers,
drones, and high-performance ground cameras, we are poised to
expand our image utilization portfolio even further. We anticipate
that the image quality of both Sejong-2 and Sejong-3 will be as
exceptional as that of Sejong-1.”
About Spire Global, Inc.
Spire (NYSE: SPIR) is a global provider of space-based data,
analytics and space services, offering unique datasets and powerful
insights about Earth so that organizations can make decisions with
confidence in a rapidly changing world. Spire builds, owns, and
operates a fully deployed satellite constellation that observes the
Earth in real time using radio frequency technology. The data
acquired by Spire’s satellites provides global weather
intelligence, ship and plane movements, and spoofing and jamming
detection to better predict how their patterns impact economies,
global security, business operations and the environment. Spire
also offers Space as a Service solutions that empower customers to
leverage its established infrastructure to put their business in
space. Spire has nine offices across the U.S., Canada, UK,
Luxembourg, Germany and Singapore. To learn more, visit
spire.com.
About HANCOM InSpace
HANCOM InSpace carries out its business in the satellite ground
station sub-system development, image analysis service, and drone
utilization service. HANCOM InSpace provides customers with
services that allow them to receive, analyze, process, and
distribute images of various satellites through its integrated
satellite ground station system platform, “InStation Platform.”
HANCOM InSpace also offers downtown, forest, and marine monitoring
service using in-house developed drones and drone stations. HANCOM
InSpace aims to become a leading data analysis company by
collecting all space, aviation, and ground data through its
satellites and cameras. To learn more, visit
https://www.inspace.co.kr/
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version on businesswire.com: https://www.businesswire.com/news/home/20240327103995/en/
For media: Sarah Freeman Communications Manager
Sarah.Freeman@spire.com
For investors: Benjamin Hackman Head of Investor Relations
Benjamin.Hackman@spire.com
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