PR91911

SEOUL, South Korea, Sept. 29, 2021 /PRNewswire=KYODO JBN/ --

- Unveil launch plan for the low earth orbit CubeSat Sejong-1 in 2022

- Build the world's first Remote Sensing Image Data Service Belt with ground,

air, and space components

- Build on the joint venture with Infiniti Electro-Optics to compete in the

ultra-high-resolution sensors market

In the first half of 2022, Hancom InSpace (CEO Choi Myungjin), an affiliate of

Hancom Group (Chairman Kim Sang-Cheol), working in cooperation with Spire

Global (NASDAQ: SPIR), a leading US space satellite data company, will launch

Korea's first private satellite for Earth observation. With this event, Hancom

Group will be the first non-governmental entity in South Korea to put into

space a satellite weighing less than 100 kg.

"As the global space industry is entering a private-led 'new-space' era, we

will lead the Korean space industry," says Choi Myungjin, CEO of Hancom

InSpace. "The global image data service market is expected to grow

significantly from KRW81 trillion this year to KRW100 trillion in 2024, and

Hancom Group will continue to push for bold differentiation strategies and

investments to gain an edge in the electro-optical/infrared image data service

market."

The world's first three-tiered remote sensing image data service belt

With the launch of Sejong-1, Hancom Group will complete the first step in

creating a worldwide remote sensing data service belt linking space, the aerial

area, and the ground, using satellites and drones equipped with

ultra-high-resolution sensors. With this unrivaled total-service belt, Hancom

Group is targeting the agricultural sector, which shows the highest demand

among the remote sensing service market. Hancom Group plans to penetrate the

global market starting with Southeast Asia, which has a high proportion of

agricultural industry.

Hancom Group also plans to expand into other data usage capacities, such as

forest resource management, disaster management, and detection of urban

changes, and provide video data services tailored to various demands in the

public market through cooperation with companies such as Hancom Inc., Hancom

Lifecare, and Hancom MDS.

Hancom InSpace and the Sejong-1 Low Earth Orbit CubeSat

Hancom InSpace has been providing remote sensing image data service since 2012

through the establishment and operation of ground stations for satellite and

unmanned drone systems. By owning and developing its own satellites and

solutions, the company has established an all-in-one service system that

collects, manages, analyzes, and sells video data, securing an unrivaled

competitive posture and expanding its business.

The Sejong-1 is a low earth orbit CubeSat, 20 cm wide, 10 cm long, 30 cm high,

and weighing only 10.8 kg. It will orbit the Earth 14 to 16 times a day,

completing an orbit every 90 minutes, and collect image data of 7 wavelengths

using a 5m-resolution observation camera. Hancom Group plans to launch four

more on single satellites Sejong-series sequentially and anticipates launching

and operating cluster satellites, more than 50 satellites per cluster. This

level of global coverage will enable Hancom Group to subdivide global

observation areas, shorten data acquisition times, and expand to global

services.

Extending the remote sensing image fleet

The Sejong-1 extends Hancom's data collection capabilities by adding to its

airborne remote sensing image collection fleet. In September 2021, Hancom Group

introduced the HD-500 observation drone. This small-to-medium-sized gas-powered

drone measures 41 cm wide, 41 cm long, and 35.2 cm high. It weighs only 3.5 kg

and is optimized for remote sensing image data collection using technology

developed in a recently announced joint venture with Infiniti Electro-Optics (a

division of Ascendent Technology Group, Inc.). Infiniti Electro-Optics'

high-resolution, day/night dual PTZ camera system technology that supports

customization of various optical/infrared (EO/IR) sensors. Optical cameras can

be enlarged up to 135 times, while the infrared thermal imaging cameras can

detect people from a distance of 20 km and vehicles from a distance of more

than 50 km.

Both optical and thermal imaging cameras can be mounted on land vehicles,

drones, and other aircraft. Furthermore, as these cameras perform precise

operations, reorienting the angle of the sensors by as little as 0.001 degrees

to and as much as 110 degrees within a second, high demand is projected from

both commercial and defense organizations. Using Hancom InSpace's AI analysis

technology and Infiniti Electro-Optics' sensor technology, Hancom Group plans

to jointly develop sensors targeting global satellite markets.

About Hancom Group

Founded in 1990, Hancom Group (www.hancomglobal.com) is a leader in creating

innovative ecosystems that will lead the world through the convergence of

technology. With its reach of 16 affiliate companies covering hardware,

software, and the finance industry, the Group's mission is to create a

"convenient world, connected world, and safe & secure world."

All brand names and product names are trademarks or registered trademarks of

their respective companies.

Tags: Hancom, Hancom Group, Hancom InSpace, Sejong-1, image data service,

satellite

Media Contact:

Grace Lee

haeun.lee@hancom.com

SOURCE: Hancom Group

Image Attachments Links:

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   Caption: Hancom Group's online press conference

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   Caption: Sejong-1 Satellite

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   Caption: Hancom InSpace (CEO Choi Myungjin)