On the heels of their strategic investment in Vector made in January 2017, Kanematsu Corporation ("KG") has entered into an exclusive representative agreement with Vector, a smallsat launch company comprised of new-space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Boeing, Sea Launch and VMware, to sell its products and services in Japan and three Asian countries including India, Thailand and South Korea.
Based on the execution of this representative agreement, KG will provide customers with services stimulating demand for smallsat launches throughout Asia. In spite of growing demand in the smallsat launch market, customers today can only launch these micro satellites using heavy, large launch vehicles, often waiting years for their launch. Vector changes the way companies access space by providing a service dedicated to small satellites that enables customers to launch their 10 to 150 kg. class smallsats into a desired orbit at their preferred timing, at a much lower cost.
Shaun Coleman, Chief Sales and Marketing Officer and GM of Space Data Systems of Vector, reported that the commercial space industry is booming and Vector has seen a significant increase in demand for small satellite launch services leading up to the firm's orbital launch. With many new launch service opportunities materializing across Asia, the company is looking forward to establishing a presence in the region through this partnership with KG.