It was an important day for Korean startup CONTEC, which operates ground stations to support satellite launches & monitoring, as the Korean satellite launch vehicle Nuri (KSLV-II) was successfully sent to space from the Naro Space Center in Goheung, South Korea at 16:00 pm on 21st June 2022. Korean produced Nuri rocket successfully places satellites successfully placed several satellites in orbit, giving a major boost to Korea’s space program.
CONTEC was one of the private space companies that played an important role in this test launch along with Korea Aerospace Research Institute(KARI), contributing to the achievement of the first Korean launch vehicle developed solely from domestic technology. Ground station operator startup CONTEC used its stations in Alaska, Sweden, and Ireland to provide real-time ground support for its payload satellite.
Once KSLV-II reaches the target altitude and separates the Performance Verification Satellite(PVSAT), ground stations receive data from the satellite including its current location and status. CONTEC, operating ground stations in Asia, North America and Europe provided such ground support of data downlink and processing for the launch mission of KSLV-II.
The first communication with the PVSAT was made at King Sejong Station in Antarctica operated by KARI, followed by the second communication from CONTEC’s ground station in Alaska. The PVSAT rotating the polar orbit is continuously transmitting data and getting orders with CONTEC’s ground stations in Alaska and Europe.
CEO of CONTEC, Dr. Sunghee Lee said, “As a former researcher of KARI who participated in the Naro(KSLV-I) mission, it means a lot to support the new launch vehicle of Nuri with my own business. CONTEC plans to build 12 ground stations in 10 countries this year for wider service coverage, and will further expand its global network of ground stations to Australia, the Middle East, and South East Asia. He added, “if private companies are given more opportunity to participate in the national space development project, growth of the space ecosystem in Korea will be able to accelerate even more.”
In early June, CONTEC announced a $50 million Series C funding round. CONTEC has raised a total of $61 million including $11 million in Series A funding. The company also disclosed its plan to go public in 2023 with Daishin Securities leading the IPO management.