March 28, 2023 – Axelspace Corporation is pleased to announce that we have been selected for the “Development and demonstration of inter-satellite optical communication network systems” by New Energy and Industrial Technology Development Organization (NEDO). This is under the “Key and Advanced Technology R&D through Cross Community Collaboration Program”. Through this development and demonstration project, we will cooperate with Space Compass Corporation (a joint venture between NTT and SKY Perfect JSAT), the National Institute of Information and Communications Technology (NICT), and NEC Corporation. In this project, Axelspace will research and develop microsatellite technologies that will enable the provision of high-capacity, low-latency data communication and data processing services. Axelspace will then demonstrate the functionality and performance of the satellite optical communication network system in the vicinity of Japan by 2029.