SI Imaging Services announced that it signed an MOU with Terra Cover, a company specializing in AI-based geospatial analytics.
Through this agreement, the two companies plan to focus on various technology businesses using satellite imagery data. It is to seek various collaborations in terms of technology and data in line with this point in time when the state-led aerospace industry is now expanding into the private sector worldwide.
One component of the agreement aims to automate production of DEMs (Digital Elevation Models) derived from satellite imagery and used in various fields such as administration, environment, agriculture, forestry, disaster prevention, national defense, and so on.
Terra Cover delivers insights about the Earth’s continually changing surface by leveraging geospatial data and AI. The company uses proprietary technologies to develop historical, near-real time, and predictive models for surface conditions including water resources and environmental assessments. With applications across multiple industries, Terra Cover expects closer collaboration with SI Imaging Services to accelerate commercial integration of its capabilities.
In addition, SI Imaging Services, an Earth observation solution specialist in South Korea, plans to solidify its expertise in satellite imaging services by actively supporting EO and SAR imagery data of KOMPSAT (Korean Multi-Purpose Satellite) to be used in various ways with Terra Cover’s technology.
“Now it’s time for the space industry led by the private sector to grow in the new space era.We will create various collaborations with Terra Cover’s technology to maximize the use of satellite images.”said Moongyu Kim, CEO of SI Imaging Services.
SI Imaging Services also signed an MOU with SATPALDA to develop, plan, and implement collaborative remote sensing research and capacity development projects. The purpose of the collaboration is to work in the field of earth observation data utilization and promote joint research and business. Both will work on developing the applications of KOMPSAT satellite images using advanced technologies, and value-added products.
SATPALDA is a leading provider of satellite imagery and Geospatial services such as Aerial Triangulation, 3D Modeling, Topographic Mapping, Web GIS, Drone Mapping, Land Subsidence Mapping, and many more to the user community. Established in 2002, SATPALDA has completed a wide range of photogrammetric and Remote Sensing Projects.
SI Imaging Services is the worldwide marketing and sales representative of the KOMPSAT series KOMPSAT-2, KOMPSAT-3, KOMPSAT-3A, and KOMPSAT-5. SIIS contributes to Remote Sensing and Earth Observation industries societies by providing very high-resolution optical and SAR images through over 160 sales partners worldwide.
By combining the efforts and expertise of both organizations, they will be able to innovate and grow together, increasing their competitiveness on various levels.
