Read The Times Australia

Daily Bulletin

Maiden satellite launch marks new era of Mongolian space industry

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS
  • Two low-orbit nano satellites, built by Mongolian company Ondo Space, launched aboard SpaceX's Falcon-9 rocket.
  • Mongolian Government to develop a 'sandbox' for space industry, offering policy support and flexible regulatory environment for testing and R&D.
  • Launch marks historic milestone in Mongolia's ambitious national space and digital economy programme.

ULAANBAATAR, Mongolia, March 7, 2024 /PRNewswire/ -- Mongolia becomes the latest country to enter the global space industry with the launch of its first satellites today, ushering in new era of innovation and investment for the nation's burgeoning tech sector.

Two low-earth-orbit nano satellites were successfully launched into space aboard Space-X's Falcon-9 rocket from the company's Vandenberg Space Force Base launch site in California on 4thMarch 2023.

The Cubesat satellites, named Ondosat-Owl-1 and Ondosat-Owl-2, were built by Mongolian company Ondo Space and successfully completed rigorous space environmental testing at the Kyushu Institute of Technology in Japan.

The Government of Mongolia has also announced it will establish a 'space sandbox' to support the continued growth of the domestic space sector. This comprehensive new framework will provide regulatory and policy support for companies to conduct testing and R&D in Mongolia while making use of the country's newly enhanced connectivity and competitive talent pool.

The dual satellite network and space sandbox will position Mongolia as a high-value investment and research destination for global companies across the space and technology sectors.

Prime Minister of Mongolia, L. Oyun-Erdene, commented:

"Mongolia's historic achievement in sending a man to space in 1981 laid the foundation for today's momentous occasion, showcasing the swift advancement of our domestic space endeavors. This milestone marks just the beginning of our journey towards cultivating a vibrant domestic space industry.

With a meticulously crafted policy framework, Mongolia aspires to emerge as a leading global center for space technology innovation and research."

Mongolia Minister of Digital Development and Communications, Mr. Uchral Nyam-Osor, commented:  

"Mongolia presents immense potential for businesses in this dynamic and rapidly expanding sector. Introducing a regulatory 'sandbox' within a comprehensive legislative framework aimed at facilitating the business landscape for cutting-edge technologies will ensure that the government actively fosters ongoing growth and innovation across key domains such as the space economy, artificial intelligence, iOT, and other emerging technologies.

Leveraging its amicable relations with key stakeholders in the space economy, Mongolia also aims to cultivate its talent pool to strengthen its position in the global landscape."

Ondo Space Founder and President, Mr. Anar Chinbaatar, commented:

"We are thrilled to be part of this historic moment for the country as we launch our first ever Mongolian satellite into orbit. This achievement is a testament to the hard work and dedication of our team, as well as the support of the Mongolian government in advancing our capabilities in space technology.

The Mongolian Government is also currently in discussions with SpaceX to explore options to launch the first country's first high-orbit national satellite, currently under construction by French company Thales Alenia Space, is the latest milestone in the Mongolian Government's ambitious and wide-ranging programme to develop a domestic space economy.

Enabling digital transformation across Mongolia is one of the central pillars of the Government's Vision 2050 and New Recovery Policy. It continues strengthening partnerships with G7 countries to explore space-related cooperation opportunities for peaceful purposes.

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/4355463_AE55463_0

Business News

Executive Recruitment Solutions That Help Organisations Secure Exceptional Leaders

Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...

Daily Bulletin - avatar Daily Bulletin

Why A WooCommerce Website Designer Matters For Online Growth

Running an online store today requires more than simply listing products and waiting for customers to arrive. Businesses need a website that is fast, reliable, easy to navigate, and designed to suppor...

Daily Bulletin - avatar Daily Bulletin

Turning Your Empty Tables into Revenue

The rise of AI demand tools in hospitality, the EatClub–CommBank partnership, and seven trends reshaping Australian dining  A growing number of Australian venues are turning to AI-powered demand ma...

Daily Bulletin - avatar Daily Bulletin

High-Impact Dental Marketing Strategies That Are Driving Real Practice Growth Today

The landscape of dental practice growth in Australia has shifted dramatically over recent years. Standard, broad-spectrum advertising campaigns no longer yield the return on investment they once did. ...

Daily Bulletin - avatar Daily Bulletin

How Telematics Helps Australian Companies Improve Productivity

Operating a commercial fleet in Australia is a uniquely demanding endeavour. Between the sprawling urban sprawl of cities like Sydney and Melbourne and the immense, unforgiving stretches of the Outb...

Daily Bulletin - avatar Daily Bulletin

Inside the Icon: The BridgeMuseum Officially Opens at the Sydney Harbour Bridge

A bold new way to experience one of Australia’s most recognisable landmarks has arrived, with BridgeClimb Sydney officially opening the all-new BridgeMuseum.  Located inside the Sydney Harbour Bridge...

Daily Bulletin - avatar Daily Bulletin

Is Your Brand Showing Up in AI Search? Most Melbourne Brands Aren't.

The New Front Door Nobody Told You About Something changed. Quietly. Without a press release. The way buyers find businesses in Australia has been rewired. Not replaced, rewired. Google isn't dead...

Daily Bulletin - avatar Daily Bulletin

How Australian Businesses Can Measure SEO ROI

SEO can feel vague when you are staring at a dashboard full of numbers that do not clearly connect to revenue. The key is to measure the right signals in the right order, then tie them back to outcome...

Daily Bulletin - avatar Daily Bulletin

How Commercial Roller Shutters Improve Site Security Without Slowing Operations

Security upgrades can be frustrating when they make everyday work harder. A door that takes too long to open, creates bottlenecks at shift change, or fails at the worst time can turn “better protectio...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...

What to Ask a Wedding Photographer Before You Book

Booking a wedding photographer can feel deceptively simple: you like the photos, you like the vibe...

Why Stress Relief For Dogs Is Essential For Emotional Balance And Long-Term Wellbeing

Managing emotional health is just as important as physical care when it comes to pets, which is why ...