Terran Orbital and Hanwha Systems Sign Memorandum of Understanding
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Co-Founder, Chairman, and CEO of Terran Orbital
This strategic partnership aims to bolster the defense capabilities of both
As part of this collaboration,
Highlights of the Collaboration:
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Collaborative Research & Development onSatellite Power Systems : The MOU establishes a framework for joint research and development efforts, fostering innovation and leading to breakthroughs in solar technology for satellites with Flexell Space. - Next-Generation Satellite Technologies: The partnership will focus on delivering the latest satellite technologies, providing a strategic edge in various defense scenarios.
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Resource and Knowledge Sharing: By sharing resources, knowledge, and best practices,
Terran Orbital and Hanwha Systems aim to accelerate the development cycle, enhance product performance, and deliver cost-effective solutions to defense customers. -
Geographic Expansion: Both companies will expand their presence, with
Terran Orbital establishing a footprint inKorea and Flexell expanding into theUSA .
“We are thrilled to announce our strategic partnership with Hanwha Systems. This collaboration marks a significant milestone, enabling us to expand our satellite solutions and deliver unparalleled service to a broader customer base across
“Flexell's ability to mass-produce these advanced solar cells not only addresses existing market bottlenecks but also exceeds performance requirements, positioning us as a game-changer in the realm of space solar technology. We look forward to strengthening our position in the global satellite industry through a variety of technical collaborations with Terran Orbital,” said
The MOU underscores the shared vision and mutual commitment of
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To learn more about Terran Orbital’s industry-leading space vehicle platforms and end-to-end mission support, visit: Terran Orbital Space Vehicle Platforms.
About
About Flexell Space
Flexell Space operates as an in-house company led by aerospace & energy experts from Hanwha Systems. Flexell primarily focuses on the development and manufacturing of space solar cells, aiming to provide differentiated products for our customers in the space industry. Flexell is dedicated to achieving groundbreaking cost reductions and technological advancements in the space industry, making strides not only in satellite manufacturing markets but also in space based solar power and space exploration missions. Learn more at https://flexellspace.com/.
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Public Relations
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949-508-6404
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