Categories: Wire Stories

Mitsubishi Electric and Astroscale to Develop and Produce Satellite Buses

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation, a leading defense and space company, and Astroscale Holdings Inc., the market leader in satellite servicing and long-term sustainability across all orbits, announced today that Mitsubishi Electric has invested U.S. $25 million in Astroscale�s Series G funding round. Separate from the investment, the companies have agreed to collaborate in the joint development and manufacturing of sustainably designed satellite buses for Japanese national security constellations.

The satellite buses will be equipped with an Astroscale docking plate, similar to a car “tow hook,” with a standardized interface. This allows other spacecraft to dock with and move or remove satellites if they are unable to deorbit themselves at the end of their operational lives. Preparing satellites in this sustainable manner minimizes costs and maximizes safety for future on-orbit servicing.

“The world depends on satellites more than ever before, so if the orbital environment is disrupted or becomes unusable, our lives will be irrevocably changed,” said Nobu Okada, Founder and CEO of Astroscale. “Space is a special domain shared by the equally important commercial, civil, and defense sectors. We are proud to partner with Mitsubishi Electric to assure that our orbital environment remains safe, secure, and sustainable, and that more objects operating in space are designed for future servicing and removal.”

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

Customer Inquiries
Electronic Systems Group, Marketing Planning Sect.

Mitsubishi Electric Corporation

Defense-systems-div.support@ny.MitsubishiElectric.co.jp

Media Inquiries
Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

|prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Alex

Recent Posts

CGTN: China vows continued efforts to build Asia-Pacific community with shared future

BEIJING, CHINA - Media OutReach Newswire - 8 November 2024 - Since its inception more…

3 hours ago

TBS Energi Utama to Acquire Singapore’s Integrated Waste Management Services Provider, Sembcorp Environment Pte. Ltd.

Acquisition Expands TBS’ Regional Waste Management Platform in Indonesia and Singapore, aligning with its TBS2030…

4 hours ago

Score 11 Unbeatable Deals This 11.11 on Shopee with 90% Off Lowest Price Guaranteed

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 8 November 2024 - It’s that time…

6 hours ago

Shenzhen China Wins the World Smart City Award, Demonstrating the Global Influence of Social Intelligent Governance of Mega City

BARCELONA, SPAIN - Media OutReach Newswire - 8 November 2024 - On November 6, Central…

7 hours ago

Singapore – A Trusted Global Supply Chain Management Hub

SINGAPORE - Media OutReach Newswire - 8 November 2024 - Singapore is strengthening its position…

9 hours ago

OPPO Celebrates Global Photography Talent at Paris Photo Fair under the theme of “Dear Life”

PARIS, FRANCE - Media OutReach Newswire – 8 November 2024 - This year, OPPO once…

9 hours ago