Hancom plans to launch and operate a constellation of up to 50 satellites. The HANCOM-1 and HANCOM-2 missions are focused on collecting optical imagery for applications in the agriculture sector, including landscaping applications and the expansion of its existing image analysis portfolio offerings. Hancom specializes in commercial and government applications of image analysis, including detection of vehicles, aircraft and ships, changes in roads and buildings, and pine tree death detection. It was the first commercial satellite deployed for a private South Korean company. HANCOM-1, a Spire 6U satellite carrying an optical payload for Hancom, launched in May 2022 on the SpaceX Transporter-5 Mission from Cape Canaveral Space Force Station. Hancom will host an optical payload on a second Spire 6U satellite, named HANCOM-2, and Spire will manage the payload integration, satellite launch and mission operations. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, announced an agreement with HANCOM inSPACE (“Hancom”), initially a spin-off by Korea Aerospace Research Institute and now a part of HANCOM Group, for a second mission with Spire Space Services.
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