NEWS

Press Release: Regarding the establishment of a small rocket launch service as an operating company

2018.07.02

TOKYO, July 2, 2018—New Generation Small Rocket Development Planning Co., Ltd. (the Business Planning Company) and its four shareholders (CANON ELECTRONICS INC., IHI AEROSPACE Co., Ltd., Shimizu Corporation and Development Bank of Japan Inc.) have concluded their investigation into the establishment of a small rocket launch service as an operating company. As a result, the Business Planning Company announced today that the necessary procedures for increasing capital have been completed, and that it will be renamed SPACE ONE Co., Ltd. (SPACE ONE) and operate as a commercial space transport service business for small satellites.

SPACE ONE, under the corporate philosophy of providing a convenient space transport service at an unmatched launch frequency, will commence operation with the mission of serving as a reliable corporate partner capable of supporting the space businesses of clients worldwide.

The name SPACE ONE reflects the aforementioned corporate philosophy and the coming together of the knowledge, expertise and desire possessed by each of the four shareholder companies to become a preeminent company in this field, capable of leading the way for the myriad organizations involved in space development.

SPACE ONE is accelerating preparations to establish itself as an operating company by 2021, with the goal of achieving 20 launches per year by the mid-2020s.

For further information, please refer to the following document: http://www.space-one.co.jp/doc/solution_en.pdf

Company overview

Company name SPACE ONE Co., Ltd.
Location 5-10 Shiba Koen 3-Chome, Minato-ku, Tokyo
Representative Shinichiro OTA
Capital 1.4 billion yen (as of June 29, 2018)
Shareholders CANON ELECTRONICS INC., IHI AEROSPACE Co., Ltd., Shimizu Corporation, Development Bank of Japan Inc.

For further information regarding this announcement, please contact the following address
info@space-one.co.jp