ICEYE’s EO Services and APSI Combine Forces to Support South Korean New Space Market

APSI (Asia Pacific Satellite Inc.) and ICEYE have signed a memorandum of understanding to work together to support the South Korean New Space market.

Jang Soo Ryoo, Ph.D Chairman and CEO of APSI, and Pekka Laurila, CSO and Co-founder of ICEYE, at ICEYE offices in Finland at the signing of the contract.

As a part of the agreement, APSI will supply ICEYE’s SAR imagery in South Korea and also provide mutual support from both APSI and ICEYE to deliver radar imaging related satellite solutions to the greater South Korean market.

ICEYE successfully launched its second radar imaging satellite, ICEYE-X2, in early December of 2018, in the global EO market. The satellite launch was an initial step toward creating the necessary SAR satellite constellation of ICEYE for frequent and reliable satellite-based information regarding any location on Earth, regardless of the time of day — and even through cloud cover.

ICEYE-X2 radar satellite image of Seoul, South Korea, taken during February 2019.

ICEYE is providing commercial data services to both government and industry users. The company is actively increasing the size of its SAR satellite constellation, with as many as five additional satellites being launched throughout 2019. ICEYE’s small SAR satellites can be manufactured and launched cost-effectively and provide up to 1 meter resolution SAR images.

APSI is a provider of equipment and services for multiple government programs in South Korea, and with the support of ICEYE’s leading technology, will grow to provide further data, hardware and radar imaging solutions to the government of South Korea.

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