Hanwha Systems (HSC) to make 30 million dollar investment in Kymeta, a U.S. corporation
- Posted date
- 2020.12.24
Hanwha Systems (CEO: Youn Chul Kim) is making an aggressive investment in Kymeta’s core metamaterial-based antenna technologies for the rapidly growing Low Earth Orbit (LEO) antenna market.
On 24th December, Hanwha Systems agreed to invest $30 million US dollars (approx. KRW 33 billion won) in Kymeta, a leading U.S. company focused on the commercialization of its metamaterial based Electronically Steerable Antenna (ESA), subject to U.S. regulatory approval. HSC and Kymeta plan to collaborate to develop LEO antenna solutions for the South Korean markets and beyond.
Kymeta is a highly promising company incorporated in 2012 in the State of Washington, U.S. It successfully developed a commercial ESA based on meta-material technology. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
The aim of HSC is to invest in Kymeta’s meta-material-based antenna technology, which is well suited for a variety use cases. HSC is aggressively trying to gain a foothold in the Low Earth Orbit antenna market, a potential future growth engine for the company.
Mr. Youn Chul Kim, CEO of Hanwha Systems, maintained that, “the objective of our investment in Kymeta is to enter low orbit satellite antenna market early on, and diversify our technology portfolio. Based on HSC’s top-notch defense communication and radar technologies, we are joining hands with this promising U.S. satellite antenna company. All these efforts will further strengthen HSC’s aerospace system capabilities.”
The market volume for satellite communication antenna has grown steadily and is expected to reach KRW 50 trillion won in 2026. U.S. companies, namely, Amazon and Space X, and OneWeb of UK are now entering into low orbit satellite internet service business in earnest.
Attachment) Images attached for press release article
Photo1) 'U8 terminal', Kymeta’s new ESA product released in November 20
Photo 2) Image of Kymeta’U8 terminal mounted on vehicle
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About Hanwha Systems
Hanwha Systems is a leading global smart solutions company providing differentiated technologies in defense electronics and information infrastructure. Hanwha Systems’ advanced defense IT and system integration capabilities make us more market competitive. Our defense IT & system integration capabilities combined with our product portfolio differentiate us, position us to lead in defense electronics, and allow us to naturally expand into areas of public infrastructure and private security. As a defense electronics company, Hanwha Systems has significantly advanced the defense capabilities of South Korea’ military since the company was founded in 1978. As the industry leader, Hanwha Systems offers a complete solution with air, ground, naval solution. With globally proven technology, superior quality, and outstanding service, Hanwha Systems highly anticipates greater global market share and recognition worldwide.
Based on Hanwha Systems’ top-notch defense communication, radar technologies and aerospace system capabilities, Hanwha Systems accelerates its efforts to identify new businesses for the company’s continuous growth and advance into UAM (Urban Air Mobility) and global satellite communication antenna business.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, a Kymeta company, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best-in-class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta Connect™ services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.
On 24th December, Hanwha Systems agreed to invest $30 million US dollars (approx. KRW 33 billion won) in Kymeta, a leading U.S. company focused on the commercialization of its metamaterial based Electronically Steerable Antenna (ESA), subject to U.S. regulatory approval. HSC and Kymeta plan to collaborate to develop LEO antenna solutions for the South Korean markets and beyond.
Kymeta is a highly promising company incorporated in 2012 in the State of Washington, U.S. It successfully developed a commercial ESA based on meta-material technology. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
The aim of HSC is to invest in Kymeta’s meta-material-based antenna technology, which is well suited for a variety use cases. HSC is aggressively trying to gain a foothold in the Low Earth Orbit antenna market, a potential future growth engine for the company.
Mr. Youn Chul Kim, CEO of Hanwha Systems, maintained that, “the objective of our investment in Kymeta is to enter low orbit satellite antenna market early on, and diversify our technology portfolio. Based on HSC’s top-notch defense communication and radar technologies, we are joining hands with this promising U.S. satellite antenna company. All these efforts will further strengthen HSC’s aerospace system capabilities.”
The market volume for satellite communication antenna has grown steadily and is expected to reach KRW 50 trillion won in 2026. U.S. companies, namely, Amazon and Space X, and OneWeb of UK are now entering into low orbit satellite internet service business in earnest.
Attachment) Images attached for press release article
Photo1) 'U8 terminal', Kymeta’s new ESA product released in November 20
Photo 2) Image of Kymeta’U8 terminal mounted on vehicle
# # # # # #
About Hanwha Systems
Hanwha Systems is a leading global smart solutions company providing differentiated technologies in defense electronics and information infrastructure. Hanwha Systems’ advanced defense IT and system integration capabilities make us more market competitive. Our defense IT & system integration capabilities combined with our product portfolio differentiate us, position us to lead in defense electronics, and allow us to naturally expand into areas of public infrastructure and private security. As a defense electronics company, Hanwha Systems has significantly advanced the defense capabilities of South Korea’ military since the company was founded in 1978. As the industry leader, Hanwha Systems offers a complete solution with air, ground, naval solution. With globally proven technology, superior quality, and outstanding service, Hanwha Systems highly anticipates greater global market share and recognition worldwide.
Based on Hanwha Systems’ top-notch defense communication, radar technologies and aerospace system capabilities, Hanwha Systems accelerates its efforts to identify new businesses for the company’s continuous growth and advance into UAM (Urban Air Mobility) and global satellite communication antenna business.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, a Kymeta company, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best-in-class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta Connect™ services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.