ASX-Dividend-Report-Banner

Maiden satellite launch marks new era of Mongolian space industry

March 07, 2024 10:31 PM AEDT | By Cision
 Maiden satellite launch marks new era of Mongolian space industry
Image source: Kalkine Media
  • Two low-orbit nano satellites, built by Mongolian company Ondo Space, launched aboard SpaceX's Falcon-9 rocket.

  • Mongolian Government to develop a 'sandbox' for space industry, offering policy support and flexible regulatory environment for testing and R&D.

  • Launch marks historic milestone in Mongolia's ambitious national space and digital economy programme.

ULAANBAATAR, Mongolia, March 7, 2024 /PRNewswire/ -- Mongolia becomes the latest country to enter the global space industry with the launch of its first satellites today, ushering in new era of innovation and investment for the nation's burgeoning tech sector.

Two low-earth-orbit nano satellites were successfully launched into space aboard Space-X's Falcon-9 rocket from the company's Vandenberg Space Force Base launch site in California on 4th March 2023.

The Cubesat satellites, named Ondosat-Owl-1 and Ondosat-Owl-2, were built by Mongolian company Ondo Space and successfully completed rigorous space environmental testing at the Kyushu Institute of Technology in Japan.

The Government of Mongolia has also announced it will establish a 'space sandbox' to support the continued growth of the domestic space sector. This comprehensive new framework will provide regulatory and policy support for companies to conduct testing and R&D in Mongolia while making use of the country's newly enhanced connectivity and competitive talent pool.

The dual satellite network and space sandbox will position Mongolia as a high-value investment and research destination for global companies across the space and technology sectors.

Prime Minister of Mongolia, L. Oyun-Erdene, commented:

"Mongolia's historic achievement in sending a man to space in 1981 laid the foundation for today's momentous occasion, showcasing the swift advancement of our domestic space endeavors. This milestone marks just the beginning of our journey towards cultivating a vibrant domestic space industry.

With a meticulously crafted policy framework, Mongolia aspires to emerge as a leading global center for space technology innovation and research."

Mongolia Minister of Digital Development and Communications, Mr. Uchral Nyam-Osor, commented:  

"Mongolia presents immense potential for businesses in this dynamic and rapidly expanding sector. Introducing a regulatory 'sandbox' within a comprehensive legislative framework aimed at facilitating the business landscape for cutting-edge technologies will ensure that the government actively fosters ongoing growth and innovation across key domains such as the space economy, artificial intelligence, iOT, and other emerging technologies.

Leveraging its amicable relations with key stakeholders in the space economy, Mongolia also aims to cultivate its talent pool to strengthen its position in the global landscape."

Ondo Space Founder and President, Mr. Anar Chinbaatar, commented:

"We are thrilled to be part of this historic moment for the country as we launch our first ever Mongolian satellite into orbit. This achievement is a testament to the hard work and dedication of our team, as well as the support of the Mongolian government in advancing our capabilities in space technology.

The Mongolian Government is also currently in discussions with SpaceX to explore options to launch the first country's first high-orbit national satellite, currently under construction by French company Thales Alenia Space, is the latest milestone in the Mongolian Government's ambitious and wide-ranging programme to develop a domestic space economy.

Enabling digital transformation across Mongolia is one of the central pillars of the Government's Vision 2050 and New Recovery Policy. It continues strengthening partnerships with G7 countries to explore space-related cooperation opportunities for peaceful purposes.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.