ICEYE, South Korea’s APSI Sign Strategic Alliance

During his state visit to Finland, the President of the Republic of Korea, Mr. Moon Jae-in met with ICEYE

HELSINKI, June 13 (ICEYE PR) – ICEYE, the leader in small synthetic-aperture radar (SAR) satellite technology, and Asia Pacific Satellite Inc. (APSI), announced today the signing of their strategic alliance agreement and further SAR data purchases in South Korea.

This strategic alliance and SAR reseller agreement, signed on May 27, follows the recent announcement of the two organizations signing a memorandum of understanding to support the South Korean New Space Market.

During his June 10 state visit to Finland, the President of the Republic of Korea, Mr. Moon Jae-in, also met ICEYE’s founders, Rafal Modrzewski and Pekka Laurila.

“This is the greatest startup I’ve ever heard of”, President Moon said through an interpreter, as reported by Aalto University hosting the visit.

The President was briefed on ICEYE’s technology, successful satellite missions, and the company’s partnership with APSI.

About ICEYE

ICEYE is commercially operating its own commercial constellation of small SAR satellites, with ICEYE-X2 satellite data available to customers and up to 5 more satellites scheduled for launch this year. ICEYE empowers others to make better decisions in governmental and commercial industries by providing access to timely and reliable radar satellite imagery. The company is tackling this crucial lack of actionable information with world-first aerospace capabilities and a New Space approach. ICEYE’s radar satellite imaging service, with coverage of selected areas every few hours, both day and night, helps clients resolve challenges in sectors such as maritime, disaster management, insurance, and finance. For more information, please visit: www.iceye.com

About APSI

Asia Pacific Satellite Inc. develops, manufactures, and sells satellite communication devices worldwide. The company also offers satellite bus system design services; solid state recorders; On-Board Computers; Image Data Handling Units, Electrical Ground Support Equipment; and satellite Assembly, Integration, Test services. Asia Pacific Satellite Inc. was founded in 2000 and is headquartered in Seoul, South Korea.