GenMat Wins Satellite Mission Management Contract with Geometric Energy Corporation
06 Agosto 2024 - 10:00AM
Quantum Generative Materials, LLC (GenMat™), a leading enabler of
advanced space technologies, today announced significant milestones
in the expansion of its satellite constellation.
In 2023, GenMat successfully launched its proprietary
Hyperspectral Remote Sensing Imaging (“HRSI”) satellite, GENMAT-1,
into Low Earth Orbit (LEO) at an altitude of approximately 520km.
This satellite, managed by GenMat’s Mission Control Software
(GenMat MCS), focuses on researching and developing mineral
exploration capabilities through building and utilizing the
company’s proprietary physics-based artificial intelligence (AI)
known as ZENO™.
GenMat has recently secured its first commercial customer
agreement with Geometric Energy Corporation (GEC) for managing the
launch, deployment, operations, and implementation of two new
satellites, Ostentus-1 and NOCLIP, into LEO. These additions to the
GenMat-managed constellation will serve unique purposes, as
Ostentus-1 will display digital art in space, while NOCLIP will
stream video data of the Earth for virtual reality applications.
The successful operations of these satellites is expected to
generate additional recurring revenues for GenMat.
“At GenMat, we believe the space economy is critical for
humanity’s sustained and bright future. We will support a diverse
environment of satellite systems and spacecraft, technologies that
are bottlenecked by materials science,” said Deep Prasad, founder
and CEO of GenMat. “We thank GEC for entrusting us with the
management of their LEO mission. After the Ostentus-1 and NOCLIP
satellites join our constellation, GenMat will have three
satellites representing the start of our growing space
business.”
Samuel Reid, CEO of Geometric Energy Corporation, stated, “After
Geometric-1 launched U.S. Government payloads in 2023, we are
pleased to have GenMat proceed with launching Geometric-2 in 2025
with the future of Space-based Virtual Reality and Space Art
secured.”
About Geometric Energy Corporation
Geometric Energy Corporation (GEC) is a state-of-the-art
technology company committed to facilitating positive social change
of humanity by commercializing next-generation technologies within
the sustainable energy, space, and computing industries. For more
information, please visit https://geometricenergy.ca.
About Quantum Generative Materials
GenMat is committed to pushing technological boundaries and
contributing to the advancement of materials science and its
applications. The company looks forward to leveraging its expertise
in mission control, remote sensing, and materials science to enable
applications for the space economy. For more information, please
visit www.genmat.xyz.
© 2024 GenMat. GenMat and ZENO are trademarks of Quantum
Generative Materials, LLC. All rights reserved.
Contact information:Deeptanshu (“Deep”) PrasadFounder &
CEOQuantum Generative Materials, LLC411 W. Monroe StreetAustin,
Texas 78704 USATel (833) 443-6628