January 25 (SeeNews) - Bulgarian nanosatellite scaleup EnduroSat said it has signed a commercial agreement with Latvia-based space weather monitoring enabler Mission Space to launch its first space weather payload on EnduroSat's CubeSat platform.
The launch, to carry Mission Space’s set of high energy particle detectors for monitoring the conditions of the sun, is scheduled for the fourth quarter of 2022, EnduroSat said in a press release last week.
The new level of data and intelligence will help satellite operators detect solar storms early, quantify risks and monitor increased levels of radiation for better asset protection.
"Generating and analyzing dynamically space weather data from orbit will have a paradigm effect on improving commercial and exploration mission`s success rate and reliability," Raycho Raychev, founder and CEO of EnduroSat, said. "It will empower timely and informed decisions regarding every next mission`s operations."
Founded in 2015, EnduroSat designs, builds and operates nanosatellites for a range of commercial, exploration and science missions. It focuses on inter-satellite connectivity and space data applications.
The company booked 2.89 million levs ($1.67 million/1.48 million euro) in revenue and a net profit of 430,000 levs in 2020, according to its latest available annual financial statement filed with Bulgaria's trade register.
(1 euro = 1.95583 levs)