search

A spin-off from Korea Aerospace Research Institute (KARI), company CONTEC offers space ground station services, satellite image processing and application services as well as a whole ground integration solution. In 2019, the company established its European headquarters in Luxembourg.

Boosting space data use

ground stationThe recent $11 million investment will be used for developing additional ground stations to be built in Europe, North America, the Middle East and Southeast Asia in the next two years. CONTEC also plans to increase its global business in the field of satellite image application services and developments for FSO (free space optical) ground stations.

As the commercial space sector is booming with an increasing number of small satellites being launched into orbit by private operators, the demand for the accurate image positioning provided by CONTEC technology is growing strongly. The company’s vision is to collect valuable data such as images, environmental data and resources information together with satellite data suppliers across the world, and apply it to application platforms that can be provided as a service to customers. Potential clients include space agencies, universities, research organisations and private companies.

Open for European business partners

The series B funding will make it possible for CONTEC to build its first ground station in Europe. “Our plan is to set it up in Finland in 2022,” says CEO Dr Sunghee Lee. The company is now looking for business partners in the EU to develop the ground station and to set up R&D partnerships.

Partnership or sales discussions in the EU market have become much easier since we opened our Luxembourg office.

Since opening its European HQ, CONTEC has signed a partnership agreement with Spacety, another Luxembourg-based company providing a secured synthetic-aperture radar (SAR) data platform that integrates earth data to enable innovative applications and solutions. “Partnership or sales discussions in the EU market have become much easier since we opened our Luxembourg office,” Dr Lee points out. “We are located in a neutral centre in the heart of Europe.”

The company also has a cooperation agreement with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg. The intention is to conduct an interdisciplinary research project combining artificial intelligence and space technology. “Thanks to our collaboration with the excellent researchers of the SnT, we hope to be able to join European Space Agency (ESA) projects.”

New space opportunities

Cooperation with ESA as well as the Luxembourg Space Agency is high on the agenda of the young company that is also interested in the space fund set up in Luxembourg. “As a spin-off from government-backed KARI, which plays the role of space agency in South Korea, we want to promote the mutual relationships between Korea and Luxembourg for space industry cooperation,” Dr Lee concludes.

Read more

Luxembourg #1 in the EU for government R&D spending per capita

11-08-2022

Recent statistics from EUROSTAT show that the Luxembourg government allocate by far the biggest national R&D budget in the European Union in relation to the size of the population.
Read more

Discovering Luxembourg

05-08-2022

Hills, forests and unique rock formations, medieval castles, UNESCO World Heritage sites and places that witnessed the birth and key progress of the European Union: Luxembourg has much to offer the curious visitor. This truly cosmopolitan country with a long tradition of welcoming people from abroad also provides old and new residents with an excellent quality of life.
Read more

Investor care platform

29-07-2022

Investing abroad is a challenging endeavour. In case you are interested in opening an office or setting up a global or European headquarters in Luxembourg, the partners of Luxembourg Trade & Invest offer a range of high-quality, free services to support you every step of the way and help make your venture a success.
Read more

A gateway for Europe

27-07-2022

South African national Richard Forson, President and CEO of Cargolux Airlines International, has been living in Luxembourg since 2012. We spoke to him about his experience of living and working in Luxembourg.
Read more

700 road mobility companies in Luxembourg

22-07-2022

A recent mapping of Luxembourg’s automotive sector covers no less than 700 mobility companies, ranging from large international groups to numerous SMEs and disruptive start-ups.
Read more

Resources all news

Fermer