TOKYO, Mar 19 (Pulse News Wire) – Betrend Corporation (402A.T) announced its subsidiary Axelspace Corporation, along with four other entities, was selected for the second phase of the Space Strategy Fund project titled “Acceleration of Satellite Data Utilization Systems.” The project focuses on developing and validating satellite data utilization systems to enhance the application of domestically produced small satellites. Under the initiative led by the Japan Aerospace Exploration Agency (JAXA), the consortium will develop evaluation, calibration, verification, and correction methods for domestic small satellites.
Axelspace Corporation will specifically work on developing optical sensor calibration validation techniques. The total funding amount is expected to range from ¥1 billion to ¥3 billion. The project duration is set to run from the contract signing date until September 30, 2030, with potential extensions based on stage gate evaluations conducted two years post-contract initiation. Axelspace anticipates concluding a commissioning agreement with RESTEC within several months.
While the exact amount remains undetermined, the total received funds during the implementation period are projected to be less than 10% of the company’s consolidated revenue for the fiscal year ending May 2025. Detailed information will be disclosed promptly upon finalizing the agreement. The company believes the impact on its fiscal year 2026 earnings forecast, previously announced on August 13, 2025, will be minor. However, should significant effects emerge, the company will disclose such changes immediately.
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