SPARX : Space Frontier Fund Invests in Infostellar,a Total Service Provider of Ground Segments for Orbiting Satellites
October 20, 2021 at 10:04 pm EDT
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The following is an English version of the official Japanese announcement, which has been given to
the Tokyo Stock Exchange and the media in Tokyo, Japan.
October 21, 2021
For Immediate Release
SPARX Group Co., Ltd.
President and Group CEO Shuhei Abe
(TSE1: 8739)
SPARX's Space Frontier Fund Invests in Infostellar,
a Total Service Provider of Ground Segments for Orbiting Satellites
-Developing Stellar Station, a cloud platform for virtualizing ground station networks-
TOKYO-October 21, 2021-SPARX Innovation for the Future (SIF)-a subsidiary of SPARX Group Co., Ltd. (SPARX; TSE1: 8739)-today announced that its Space Frontier Fund, operating since June 2020, has invested in Infostellar, a total service provider of ground segments for orbiting satellites. Infostellar intends to use this round of capital to recruit personnel for its sales team in preparation primarily for expanding into the US market and its operation team as its client base grows.
Portfolio Company Outline
Infostellar is a ground segment as a service (GSaaS) provider. It offers a ground station network that excels in flexibility and scalability through Stellar Station, a cloud platform for virtualizing ground station networks. It also provides operational support for the ground segments needed to operate satellites, including acquiring wireless licenses and adjusting broadcast frequencies. By reducing the difficulty of building ground segments, the firm assists mission development and service improvement for companies engaged in new satellite-based businesses. Founded in 2016, Infostellar has its headquarters in Tokyo, Japan, and a European office in Bristol, UK.
For more details on Infostellar, visit https://infostellar.net/
Space Frontier Fund Overview
The Space Frontier Fund primarily seeks to support human resources and technology development in space-related industries, to foster Japanese space companies that are competitive on the world stage, and to contribute to technological innovation throughout Japan. Under SIF as its manager, the Fund began operations in June 2020 with an initial investment of JPY 8.2 billion from Toyota Motor Corporation, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and others.
SIF's homepage:https://sparxsif.com/en/
For inquiries related to this release, contact: Public Relations, SPARX Group Co., Ltd.
Tel: +81-3-6711-9100 / Fax: +81-3-6711-9101 pr_media@sparxgroup.com
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Sparx Group Co. Ltd. published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 02:03:02 UTC.
SPARX Group Co., Ltd. is a Japan-based holding company mainly engaged in the asset management business. The Company is engaged in the asset management business for clients, including corporate pension annuities, government entities, private and trust banks and public pension funds; the provision of investment advisory services; the operation of mutual fund business, which includes the provision of various mutual funds to financial institutions and individual investors directly or through brokerage houses, banks and other intermediaries in Japan, Europe and the United States, as well as the securities business, including the provision of advisory services for investors. Through its subsidiaries, the Company is also engaged in the research and operation of foreign stocks, including Japanese, Korean and other Asian stocks.
SPARX GROUP CO., LTD. 
