While 2021 comes to its end, the CEO and owner of Space Inventor company, Karl Kaas, released a few words on the past year’s achievements and the company expectations for the near future.
Space Inventor has seen impressive growth over the year, expanding its facilities around the world and doubling the sales volume. The company has signed contracts with different governments and with the European space agency and is now looking at the launch of the world’s smallest geostationary satellite with the Falcon Heavy rocket in early 2022.
The company has increased its employees base and is ready to integrate even more and larger microsatellites while reducing the development time to follow new space market trends, with its capabilities now looking also at the military sector.
The full statement:
Dear friends of Space Inventor,
The year of 2021, Space Inventor has broken all records from last year continuing exceptional growth both as an organization and as a satellite supplier. We have expanded to new geographical locations, doubled our sales volume, and focused our projects on bigger microsatellites, and we will look back at 2021 with excitement and courage.
Space Inventor has taken part in two SpaceX launches carrying two small satellites made by Space Inventor. These satellites were created using our third-generation satellite platform, and both satellites were operational from the first ground station pass. This helped to further flight prove our core satellite avionics as well as our satellites’ advanced pointing capabilities enabling high-performance payload operations.
During 2021, Space Inventor became a prime contractor on a Danish defense satellite project that will provide AI-based surveillance and intelligence gathering in the arctic area as well as demonstrate the feasibility of Tactical Earth Observation. This project will be kicked off in 2022 and will be the foundation of future military collaborations and projects.
Meanwhile, Space Inventor has signed a contract with the ESA Pioneer Programme to build and launch Space Inventor’s own microsatellite into sun-synchronous orbit in order to demonstrate our capabilities as a satellite manufacturer, integrator, and operator. This provides us the opportunity to prove that our high-performance satellite platform is ready for high-profile missions worthy of the space agencies.
The year to come
Space Inventor is currently integrating the world’s smallest geostationary satellite in preparation for a direct GEO-insertion launch with SpaceX’s Falcon Heavy in the first half of 2022. Space Inventor is incredibly proud to be part of this pioneering project which will be the beginning of a new era for small cost-effective satellites in GEO. Space Inventor plans to launch three to six GEO satellites in 2022.
With a growing interest in microsatellites, Space Inventor is experiencing tremendous bustle. We will answer (to) this interest by enhancing our focus on full-scale satellite solutions and mold both the organization and business strategy to support the increasing production volume of larger satellites. This refocus will help Space Inventor gain new global cooperation partners and keep satellite engineering as the main objective. Newspace based satellites are now used in high-profile science missions and Space Inventor will play a key role in this developing trend as we adopt appropriate new technologies to enhance space technology with respect to both performance, availability, cost, and reliability.
Operational strategy: Satellite Innovations, Solutions and Factories
In 2021, Space Inventor expanded with a new office in Copenhagen to accommodate new ambitious challenges such as bigger microsatellite projects as well as streamlining the execution of our numerous ongoing projects. This rapid growth will be the stepping stone for opening a business development office in New York in order to maintain and grow Space Inventor’s presence in the Americas.
During Q4 2021 Space Inventor has recruited 9 new employees and expanded with new areas of expertise ranging from Human Resources, Public Relations to business development. Moreover, we have attracted a team of extremely experienced space engineers and managers who will become an invaluable addition to our space journey.
This exponential progress leads Space Inventor to streamlining its operational strategy to maintain high performance, innovation and predictable delivery. From 2022, Space Inventor will be organized into three organizational circles: Solutions, Factory and Innovation. The Solutions circle is responsible for concept development, sales and production of satellites as well as related services. The Factory circle will focus purely on producing our standard avionics modules as well as newly developed products to be used in the satellite solutions. The Innovation circle is the heart of our creativity.
This is where new products are envisioned, developed and matured for production and “use” in our future high-performance satellite solutions. The division into circles will enable us to deliver custom satellite solutions in 3-6 months in contrast to the previous 12-24 months as most solutions will be based entirely on our own off-the-shelf modules. This also enables us to focus the development activities towards more reliable and mature products, as the development projects will not be entangled in the high flow of delivery deadlines.
Thank you to all our customers for placing their trust in us and taking part in the Space Inventor journey.
Karl Kaas
CEO & Owner
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