A CONSORTIUM of Japanese businesses, led by NTT Docomo Inc. (NTT Docomo) and Space Compass Corp. (Space Compass), together with Mizuho Bank Ltd. and the Development Bank of Japan Inc., has committed to invest $100 million in Aalto HAPS Ltd. (Aalto), which manufactures and operates the stratospheric, solar-powered Zephyr high-altitude platform station (HAPS). The investment will be made through the Japanese Consortium's investment vehicle, HAPS Japan Corp. As a payload-agnostic platform, Zephyr can transform into a multifunctional tower in the sky to provide low latency 5G direct-to-device mobile connectivity services. Members of the high-altitude platform station (HAPS) Japan consortium, Aalto HAPS Ltd. and Airbus sign the Tokyo Stratospheric Declaration on May 29, 2024. In photo are (from left) Akihiro Hikuma of NTT Docomo Inc., Shigehiro Hori of Space Compass Corp., Samer Halawi of Aalto HAPS Ltd., and Jean-Brice Dumont of Airbus Defence and Space.

Source: Manila Times June 05, 2024 16:22 UTC