CONTEC, the Korean startup is preparing to transform space technology
Press release from: CONTEC
Posted: Tuesday August 24 2021
CONTEC, a Korean startup preparing to transform the space industry, is working to deliver holistic solutions required for downstream data transmitted by satellites. Launched in 2015, the space technology company aims to capitalize on the emerging era of “New Space”.
The startup is a spin-off company of the Korea Aerospace Research Institute (KARI) offering ground space station services, satellite image processing and application services, as well as a complete ground integration solution. The company uses AI-based change detection and detection methods to provide satellite image analysis and application services.
CONTEC provides a Ground Station (GS) service with its own ground stations. It currently serves the main OT satellites with its first station at the Jeju (Korea) site and a few more stations will be built by the end of this year. The company plans to have 12 GS beyond Korea, including Alaska, Chile, Southeast Asia, Europe, Australia and Africa by 2024.
Customers can freely program satellite passes and download their data from a CONTEC ONE web client interface that allows one-click pass reservation. As long as users have a secure internet connection, they can use CONTEC’s registered ground stations from any corner of the earth’s surface.[KHY3]
CONTEC’s satellite imagery (IS) service, CONTEC INSIGHT is a web-based IS application service. The platform includes object detection and change detection using satellite imagery which can be useful for observing changes in SMART cities, monitoring disasters and helping stop unlicensed constructions.
Sejong City, the world’s first ISO-certified smart city in Korea, has already signed a contract with CONTEC to receive its satellite imagery application service.
Global offices and future expansion plans
CONTEC was launched in Korea in 2015 and Luxembourg in 2019 as a subsidiary, and the two offices have around 58 engineers. CEO Sunghee Lee, with 16 years of experience with KARI in satellite launch and operational mission, came up with the idea of launching a GS (ground station) in Korea while working at the tracking station from Jeju for the KARI launch mission.
The startup raised $ 11 million in Series B from Atinum Investment as a lead investor along with 4 other large venture capitalists in Korea, including the Korea Development Bank, Korea Industrial Banks, partners in Korea. Korean investment and Intellian Tech. The funding is to be used to build more ground stations as well as to develop new technologies, including FSO space-to-ground communication.
CONTEC plans to be an end-to-end service provider providing turnkey solutions for space operators. The company plans to launch its EO satellites to obtain its own SI (satellite image) data and provide various application services with satellite image data. The startup has also started to develop an LCT module and an FSO ground station for future communication technology and the provision of high data for satellite imagery.
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