Antrix to send two US satellites to space on Indian rocket

PlanetiQ will be second US weather monitoring satellites company to sign a deal with Isro

Antrix inks deal to send two US satellites to space on Indian rocket
BS Reporter Bengaluru
Last Updated : Dec 05 2015 | 9:53 PM IST
US weather forecasting satellite company PlanetiQ has signed a deal to launch two satellites on India’s polar satellite launch vehicle (PSLV) in 2016. The deal was signed with Antrix Corp, the commercial arm of Indian Space Research Organisation (Isro).

PlanetiQ is the second US weather monitoring satellites company to sign a deal with Isro after the US relaxed a crucial rule to allow satellites with American components to be launched on Indian rockets. In September, Spire Global, a US start-up, building a global network of weather monitoring satellites over oceans, sent four shoe-box satellites on PSLV, as a co-passenger with Astrosat.

The ISRO’s PSLV is among the world's most reliable launch vehicles with 30 consecutive successful flights. The PSLV has launched 51 satellites for international customers from 20 countries, in addition to 33 Indian national satellites, said a statement by PlanetiQ.

“The stellar track record of the PSLV combined with our seven-year satellite design life provides the reliability and data continuity not just desired, but required by the operational weather forecast community,” said Chris McCormick, Chairman and CEO of PlanetiQ. “Within days after launch, we will validate and start delivering high-quality data and services to our customers.”

“The world today lacks sufficient data to feed into weather models, especially the detailed vertical data that is critical to storm prediction. That’s why we see inaccurate or ambiguous forecasts for storms like Hurricane Joaquin, which can put numerous lives at risk and cost businesses millions of dollars due to inadequate preparation or risk management measures,” McCormick said. “Capturing the detailed vertical structure of the atmosphere from pole to pole, especially over the currently under-sampled oceans, is the missing link to improving forecasts of high-impact weather.”

On July 22, Jitender Singh, the Union Minister of State for Atomic Energy and Space  said in the Lok Sabha that Isro’s workhorse rocket, PSLV has so far launched 45 satellites of 19 countries earning around Rs 700 crore for the space agency. Isro has 28 satellites in order from foreign countries, including nine from the US, six from Singapore and four each from Germany and Canada.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 05 2015 | 9:36 PM IST

Next Story