TelePIX (CEO Sung-ik Cho) announced on the 19th that it has signed a contract to supply a high-resolution electro-optical (EO) camera system for a national satellite for the Hungarian Low Earth Orbit (HULEO) national Earth observation satellite program promoted by the Hungarian government. The export volume is in the tens of millions of dollars.
This contract exemplifies how government-led space development has translated into the technological competitiveness of a private enterprise. Telefix successfully commercialized the technology it received from the Korea Aerospace Research Institute (KARI) by further enhancing it. Based on its vertically integrated system, which internalizes the entire process from design to component production, assembly, and testing, Telefix passed European certification and was ultimately selected as the supplier.
The HULEO program aims to establish an independent satellite capability operating in Low Earth Orbit (LEO). Satellite data will be utilized in a variety of fields, including environmental monitoring, mapping, infrastructure observation, and national disaster response. The project will be overseen by REMRED Zrt., a satellite company under the Hungarian ICT and defense conglomerate 4iG.
In conjunction with this contract, Telefix is currently discussing exporting an integrated system, including AI-based satellite onboard processing and image analysis solutions. The company is also exploring the possibility of establishing a local joint venture (JV). Through this, the company plans to secure long-term business opportunities in the European market and expand its cooperation into additional satellite business and data services.
Cho Sung-ik, CEO of Telefix, stated, "We will strengthen our technological competitiveness in the global satellite market through an integrated solution that combines high-resolution electro-optical technology with AI-based onboard processing capabilities." Jeon Seung-hwan, Head of Global Business Division, stated, "With this agreement as a starting point, we plan to expand our cooperation to include European satellite operations and data services."
Telefix is a space AI solutions company with solutions ranging from optical payloads to AI-based satellite image processing and analysis. It is developing automated and integrated solutions that enable efficient operation even in constellation satellite environments. It recently passed the technology assessment for a special listing under the technology special treatment and is currently preparing for an IPO, aiming for a KOSDAQ listing in the second half of the year.
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