The memorandum of understanding creates a path for mu Space to embark and have an impact on global satellite business and technology, the company said.
It marks the beginning of an evolution of future small satellite missions, which includes Earth-observation, Space Situational Awareness, Low Earth Orbit satellite constellations, science and technology and planetary missions.
The cooperation between Airbus and mu Space is expected to significantly influence Thai space and the satellite industry, to support future Thai satellite missions and push forward mu Space as a strong and reliable space company in the region.
mu Space's founder and CEO, James Varayuth Yenbamroong, said: "In the next 2-3 years, technology is expected to mature commercially worldwide, mu Space needs to establish new revenue streams in the long term, and added that "Based on this agreement, mu Space and Airbus will act as partners to support satellite component and space technology development, which will influence the satellite and space industry in the near future."
The collaboration between mu Space and Airbus is a great opportunity for Thailand to receive support and cooperation from a global leader in aeronautics and space in terms of sharing and exchanging experience, know-how, and relevant processes of manufacturing, including contributing to drive Thai's space industry to international standards.
"Airbus remains fully committed to the Thailand 4.0 initiative and we are excited at this joint development opportunity with mu Space to further the country's space goals. Airbus has been supporting Thailand's space industry since the early 2000s, with the development and launch of Theos-1 in 2008 and production on-going for the Theos-2 Earth observation satellites. As a world leader in turnkey Earth observation systems with unrivalled expertise across the space value chain, we are well-positioned to offer our support in the development of the Thai Space economy," said Johan Pelissier, Head of Asia Pacific, Airbus Defence and Space.