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Spire Global and HANCOM InSpace expand South Korea's remote sensing constellation
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Spire Global and HANCOM InSpace expand South Korea's remote sensing constellation
by Clarence Oxford
Los Angeles CA (SPX) Apr 01, 2024

Spire Global, Inc. (NYSE: SPIR), a prominent provider of space-based data and analytical services, has entered into a significant agreement with HANCOM InSpace, a Korea Aerospace Research Institute spin-off now under HANCOM Group, to develop Sejong-2 and Sejong-3 satellites. This collaboration marks a pivotal expansion of Korea's inaugural trio of satellites for remote sensing image data services, enhancing HANCOM-1 (Sejong-1).

HANCOM InSpace, a leader in image analysis for commercial and governmental use, employs its capabilities for a variety of applications, including monitoring vehicles, aircraft, ships, infrastructure changes, and ecological phenomena like pine tree mortality. These missions are particularly geared toward collecting optical imagery to support agricultural endeavors and extend the company's image analysis solutions. With an ambition to operate a constellation of up to 50 satellites, HANCOM's expansion represents a substantial leap in remote sensing capabilities.

The first satellite in this venture, Sejong-1, equipped with an optical payload from Spire, was launched in May 2022 aboard SpaceX's Transporter-5 Mission, setting a precedent for private South Korean space exploration.

Frank Frulio, Spire's Space Services general manager, emphasized the partnership's role in driving South Korean space sector innovation. He praised HANCOM's industry leadership and highlighted Spire's commitment to enhancing Earth observation technologies through superior service and ingenuity.

Dr. Myungjin Choi, CEO of HANCOM InSpace, elaborated on the satellites' missions, indicating that Sejong-2 will focus on maritime, agricultural, and urban change monitoring, whereas Sejong-3, equipped with a hyperspectral imager, will analyze environmental and ecological changes with its advanced spectral imaging capabilities. The integration of data from diverse imaging technologies promises to significantly broaden HANCOM's analytical capacities, with the anticipated image quality from Sejong-2 and Sejong-3 expected to match the excellence of Sejong-1.

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