TOKYO, Mar 17 (Pulse News Wire) – Betrend Corporation (402A.T) announced today that its subsidiary Axelspace Corporation, along with three other organizations—CrossU, Double Feather Partners, and ENKOPA Lab—have been selected for the Space Strategy Fund Phase II project focused on accelerating satellite data utilization systems abroad. Under this initiative, Axelspace will provide satellite data and related technologies.
The project, led by CrossU, aims to establish methods for solving African social issues using Japanese-developed satellite data infrastructure. The total funding amount is expected to be up to ¥300 million below, with a potential duration of up to five years. A mid-term evaluation will take place two years after the start date, which could extend support for an additional three years based on performance. Axelspace plans to finalize a contract with CrossU within several months.
However, the exact funding amount remains undetermined at this stage. Any significant impact on future earnings will be disclosed promptly if identified. This selection follows the company's previous announcement on August 13, 2025, regarding its fiscal year 2026 performance forecast, which deemed the influence of this grant to be minor. Further details can be found on the press release and the Space Strategy Fund website.
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