mu Space will be the one and only partner for OneWeb in mainland Southeast Asia and will be the sole distributor of a wide range of services to each sector including the government, telecommunications, aviation, maritime, land vehicle, backhauling and healthcare sectors to support the customer's needs as connecting remote communities in the region. This agreement will help remote locations get internet connectivity and ultimately help their everyday lives. Remote monitoring of natural disasters like forest fires is just one life saving example that remote communities can gain through this agreement. Additionally remote education and healthcare are other possible use cases for the advanced connectivity offered by mu Space and OneWeb.
The deal could see an estimated revenue of $100 Million, or 3 Billion Baht, in the first six years of serving the Mainland Southeast Asia region, after the six years, mu Space has the right to extend the deal. OneWeb will have 648 satellites launched to space by the second quarter of this year, with trends further showing future next-generation satellite launches will only increase in the future, ultimately this deal could be worth three times, around 10 billion baht, the amount of the first 6 years.
Being pioneers in the space industry in their region, Southeast Asia, mu Space aims to connect the region to the rest of the world through space technologies and products that benefit the industry while promoting economic growth. With dedication and leadership, mu Space is committed to making a real impact through its innovations, and in changing the future of the space industry in Southeast Asia and beyond.
mu Space founder, CEO and CTO, James Yenbamroong, had the following to say about this exclusive deal:
"We are excited to announce this exclusive partnership as it signifies our strong and excellent relationship with OneWeb. The expansion of broadband internet connectivity to remote areas that lack connections is highly crucial and we're glad to be part of making this possible through space and ground technologies. Our expertise and knowledge of our region, as well as innovative technology, enable mu Space to tailor solutions to provide an ideal supplement to each sector in each nation. Finally, on behalf of mu Space, I would like to express how proud we are to be a part of this innovation that will have a great influence and benefit our region."
Neil Masterson, CEO, OneWeb, commented:
"The last few years have shown us that remote internet connectivity is both exciting and vital across sectors such as enterprise, education, health and government. We are excited to partner with such a dynamic company, that is so well aligned to our goals, to further our reach across Southeast Asia and connect even more communities and enterprises. This international partnership marks another significant milestone for OneWeb as we look towards activating full global coverage later this year."
This partnership will have a positive impact on the space economy in Southeast Asia, and most importantly it will help remote communities gain access to internet connectivity and improve their daily lives. mu Space and OneWeb are excited with the deal and the opportunity to improve lives using technology.
About mu Space
mu Space is a Southeast Asian aerospace company and satellite internet service provider. By establishing an inclusive supply chain for space products and components, the company is promoting innovation in the space sector. Its goal is to inspire people to push beyond limits and be a part of this ecosystem. mu Space develops and manufactures satellite platforms focused on small satellites using cutting-edge technologies. They offer full-service high-performance satellite building solutions as well as dependable access to satellite internet connectivity. mu Space advocates for a completely vertically integrated aerospace corporation with innovative factories to offer products and services while avoiding the additional expenses associated with an extensive supply chain. Find out more athttps://muspacecorp.com
OneWeb is a global communications network powered from space, headquartered in London, enabling connectivity for governments,?businesses,?and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. Find out more at?http://www.oneweb.world
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