HELSINKI, April 23, 2018 /PRNewswire/ --Following positive market response, Aerial & Maritime Ltd. ("A&M") intends to build a global nanosatellite constellation capable of providing air traffic management and ship tracking services by 2021. Importantly, the system will help the airline industry to be fully compliant with ICAO standards, providing real-time surveillance of all aircraft globally. The Company estimates a market potential of $1bn from multiple customer segments including air navigation service providers, airlines, data aggregators, ship owners among others.
ICAO (International Civil Aviation Organization) has stated that space-based air traffic surveillance will be a cornerstone of the modernization of air traffic management. Currently, there is no way to monitor air traffic in large parts of the world, including the oceans, Africa and areas around the poles.
A&M will be using the flight-proven GomSpace nanosatellite technology. The system will enable a very price-competitive solution for global air traffic management surveillance, Global Aviation Distress Safety System (GADSS phase 1 and 2) as well as airline ADS-B tracking and maritime AIS vessel tracking. A&M will be a leader in the market to offer full surveillance (aviation) and tracking (maritime) at a much lower cost compared to traditional satellites.
The satellite constellation will include interlink capability which, combined with a low latency ground infrastructure, will enable aircraft surveillance and ship tracking following stringent regulatory requirements for aviation. These features will be able to support air traffic management surveillance system requirements for air traffic control on a global scale. ICAO (International Civil Aviation Organization) has stated that space-based air traffic surveillance will be a cornerstone of the modernization of air traffic management. This will enable safe and cost-effective passenger flights whilst lowering carbon emissions at the same time. A&M will seek certification as a surveillance provider in accordance with civil aviation regulatory requirements in Europe.
As previously announced A&M will be launching 8 nanosatellites in Q1 2019 offering near real-time ADS-B and AIS data for aircraft and ship tracking in the equatorial region.
"It is a great opportunity for us to be able to offer global surveillance to customers in the aviation and maritime business by 2021. The intended upscale to a global constellation will position Aerial & Maritime as one of the dominant players in the market which will allow us to penetrate the market much more deeply. Our market pricing will reflect the low cost-base of GomSpace's nanosatellite approach compared to much bigger and more expensive traditional satellites", says Karsten Ingemann Pedersen, CEO of A&M.
For more information, please contact:
Karsten Ingemann Pedersen, CEO
Niels Buus, Chairman
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SOURCE Aerial & Maritime Ltd