[Click eStock] "Contec, Satellite Ground Station Orders Up... Sales Expected to Increase Over 100%"

On the 2nd, KB Securities forecasted that Contec will show a rapid improvement in performance starting this year, driven by an increase in orders. Contec primarily supplies ground station systems that communicate with satellites or launch vehicles using a turnkey method. It is also a total solution company related to satellites, capable of receiving, analyzing, and utilizing satellite data.

Han Yu-geon, an analyst at KB Securities, stated in a report on the same day, "According to the government's recently announced 4th satellite operation plan (draft), multipurpose practical satellites and next-generation medium-sized satellites are expected to be ordered within this year, and ultra-small cluster satellites in the first quarter of next year," adding, "Contec is expected to benefit in areas related to ground station design, development, and integrated maintenance."

The analyst explained, "Contec's ground station system is compatible with various manufacturers' equipment through its own software with an integrated operation method," and added, "From the customer's perspective, even if they change equipment, they do not need to update the software, which has the advantage of reducing operation and maintenance costs."

He projected, "As private space companies such as SpaceX and OneWeb increase satellite launches, more than 10,000 satellites are expected to be launched within the next 10 years," and "the demand for ground station networks will steadily increase."

He continued, "In line with this trend, Contec will additionally build ground stations in 5 countries, holding a total of 15 ground stations in 12 countries," and predicted, "The speed of sales growth will be quite rapid."

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