Hanwha Systems Completes 33 Billion KRW Investment in US Satellite Antenna Company Kymeta

[Asia Economy Reporter Suyeon Woo] Hanwha Systems is investing $30 million (approximately 33 billion KRW) in the U.S. satellite antenna company Kymeta.

On the 25th, the U.S. Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems' investment in Kymeta. With CFIUS approval, the strategic partnership and future satellite antenna development project between Hanwha Systems and Kymeta, which began at the end of last year, will accelerate.

Kymeta is a specialized company in electronic satellite antennas that can receive and process satellite signals while moving. Electronic antennas are essential equipment for satellite communication in places where terrestrial internet networks (base stations, optical LAN, etc.) do not reach, such as over the sea or in the sky.

Unlike the commonly seen dish-shaped antennas (Parabolic antenna), these antennas are flat, small, and lightweight, allowing them to be directly mounted on cars or aircraft. Leading global space companies such as SpaceX, Amazon, and OneWeb are competing to develop electronic antenna technology for low Earth orbit satellite communication (LEO).

Kymeta has succeeded in commercializing electronic beam steering antennas (ESA) and holds U.S. and international patents. The core technology involves metamaterials and creating fine patterns on the antenna glass substrate to control the wavelength and form of radio waves, sound, and light, enabling fast and accurate reception and processing of signals sent from satellites.

Doug Hutchison, CEO of Kymeta, said, "Through the cooperation between Hanwha Systems and Kymeta, we have secured significant competitiveness in the global low Earth orbit satellite communication market."

Earlier, in June last year, Hanwha Systems acquired the British satellite antenna company Phasor Solutions and established Hanwha Phasor. Hanwha Phasor is developing high-performance electronic antenna technology based on semiconductor chips.

By securing Kymeta's metamaterial antenna technology this time, Hanwha Systems has been able to enhance its antenna business capabilities across all domains?maritime, aerial, and terrestrial?necessary for future low Earth orbit satellite communication and air mobility.

Hanwha Systems is the only company in Korea simultaneously developing interconnected technologies for satellites, antennas for low Earth orbit satellite communication, and air taxis that utilize satellite communication technology. The sales target for Hanwha Systems' satellite communication business division by 2030 is 5.8 trillion KRW.

This content was produced with the assistance of AI translation services.