Mr. James Yenbamroong, CEO & CTO of mu Space, revealed:

"mu Space has achieved great success in the development of satellites and High Power Systems. The importance of investing in 3 areas that are important to build networks in the space industry are Human Capital Knowledge, Equipment & Machinery and Raw Materials. It also requires cooperation from the government and private sectors involved, in order to create a sustainable network in the aerospace industry, mu Space is committed to promoting and supporting young Start-Up groups to gain experience and knowledge. As a result of that, we hope to see the space industry business steadily expand in Thailand and Southeast Asia."

Reports by major media outlets and leading analyst groups suggest that by 2026, the value of the space industry has the potential to more than double from $3.1 billion to $7.4 billion, potentially contributing to Thailand becoming a center of the aerospace industry. This will positively impact the country affecting the economy, education, technological advancement and in terms of creating jobs and careers. It will also have the side effect of contributing to the development and prosperity of the whole of Southeast Asia.

The "Thailand Space Supply Chain: A 10 Year Plan to being a fully developed Aerospace Manufacturer press conference has received cooperation from leading organizations such as AIRBUS, a world-class aviation manufacturer, and Dr. Pakorn Apaphant from GISTDA (Geo-Informatics and Space Technology Development Agency).

Dr. Pakorn Apaphant had the following to say about the space industry:

"The role of the space industry has changed, originally involving only the governmental sector or Superpower countries. However, with the New Space Economy coming into action, the private sector has a strong hold in this industry. Geo-Informatics and Space Technology Development Agency or GISTDA is regarded as the main organization that has contributed towards supporting and pushing the New Space Economy in developing the space industry. As well as pushing for government policies through the National Space Master Plan (2023 - 2037), which presents the guidelines for building the Thailand Space Supply Chain and making it a full-scale space industry."

Normally building a network in the aerospace industry or creating a complete and comprehensive Space Supply Chain takes more than 30-40 years. mu Space is fully committed to creating a supply chain in the aerospace industry with support from investors who see opportunities in this industry, such as leading investors, B.Grimm Joint Ventures - Private Electricity Industry of Thailand, as well as Majuven Fund, along with various private investors such as Executives from the University of California, Los Angeles (UCLA) Foundation, as well as many other industrial and technology-related investors both domestically and internationally. This allows mu Space to build a Space Supply Chain quicker and more efficiently than most.

SOURCE mu Space Corp via PRNewswire