March 15, 2018
On the heels of its strategic investment in Vector made in January 2017, Kanematsu Corporation ("KG") has entered into an exclusive representative agreement with Vector to sell Vector 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 micro-satellite launch throughout Asia.
Despite growing demand in the micro satellite 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 - 150kg class micro satellites into a desired orbit at their preferred timing, at a much lower cost.
By entering into this partnership with Vector, and in addition to our existing distribution of European and American satellite manufacturers, satellite on-board equipment, satellite controlling system and rocket downranging system and its related services, KG will now enter into the distribution of small launch vehicle services built by Vector. With the introduction of European and American space technology products and services into the Japanese market, KG aims to lead the new space industry in Asian markets.
About Vector
Establishment : March in 2016
CEO: Jim Cantrell
Location: 824 E, 16th Street, Tucson AZ 85719
Business lineup:
Founded by the original founding team of SpaceX, Vector is a disruptive company that connects space startups and innovators with dedicated, affordable and reliable launch services, enabling platforms and vehicles to access space efficiently and in a more optimized way than ever before possible.
Contact:
Public & Investor Relations Section, Kanematsu Corporation
Tel: +81-3-5440-8000