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Other Disclosures6560LTS,Inc.Information and Communications, Services and Others

LTS selected for the Space Strategy Fund’s “Project to Accelerate the Implementation of Satellite Data Utilization Systems”

The system development project jointly proposed by LTS and Oki Electric Industry Company,Limited, which integrates satellite data, ground-based IoT sensors and existing inspection data to detect infrastructure anomalies at an early stage, has been selected for JAXA's Space Strategy Fund. The project is scheduled to run from the signing of the contract through the end of March 2029, with expansion into Turkey, Southeast Asia and other markets also targeted.

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Announced details

Next-generation infrastructure monitoring system using tightly integrated satellite and ground-based sensors
Applicable field (uses covered by this announcement)

Infrastructure monitoring, infrastructure maintenance, early detection of natural disasters, preventive maintenance

What the company reported numerically
Usage history

Oki Electric Industry Company,Limited's ground-based IoT sensors have a track record of operation at approximately 1,000 locations in Japan

Relationship between the counterparty and the company
LTS,Inc.6560
Relationship with the Company

LTS and Oki Electric Industry Company,Limited are collaborating on a joint proposal, with Oki Electric Industry Company,Limited as the lead organization and LTS as the collaborating organization. JAXA is the organization conducting the public solicitation and the organization that established the fund.

CounterpartyOki Electric Industry Company,Limited; National Research and Development Agency, Japan Aerospace Exploration Agency (JAXA)

Oki Electric Industry Company,Limited is the lead organization and has ground-based IoT sensor technology with a track record of operation at approximately 1,000 locations in Japan. JAXA is a national research and development agency that established the Space Strategy Fund. Other details regarding location, representative, capital and year of establishment are Not disclosed.

Location (as indicated in this announcement)

Oki Electric Industry Company,Limited's ground-based IoT sensors are operating at approximately 1,000 locations in Japan

Impact on Business Performance

No impact on financial results has been disclosed at this time

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

JAXA's Space Strategy Fund

Announced details
ItemDetails
Names of Products / Services CoveredNext-generation infrastructure monitoring system using tightly integrated satellite and ground-based sensors
CounterpartyOki Electric Industry Company,Limited; National Research and Development Agency, Japan Aerospace Exploration Agency (JAXA)
Counterparty overviewOki Electric Industry Company,Limited is the lead organization and has ground-based IoT sensor technology with a track record of operation at approximately 1,000 locations in Japan. JAXA is a national research and development agency that established the Space Strategy Fund. Other details regarding location, representative, capital and year of establishment are Not disclosed.
Relationship with the CompanyLTS and Oki Electric Industry Company,Limited are collaborating on a joint proposal, with Oki Electric Industry Company,Limited as the lead organization and LTS as the collaborating organization. JAXA is the organization conducting the public solicitation and the organization that established the fund.
Applicable areaInfrastructure monitoring, infrastructure maintenance, early detection of natural disasters, preventive maintenance
Location scaleOki Electric Industry Company,Limited's ground-based IoT sensors are operating at approximately 1,000 locations in Japan
Usage historyOki Electric Industry Company,Limited's ground-based IoT sensors have a track record of operation at approximately 1,000 locations in Japan
Impact on Business PerformanceNo impact on financial results has been disclosed at this time
SourceJAXA's Space Strategy Fund
Items this document does not state (9)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationQuantitative Effects

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

With support from the Space Strategy Fund for technology development, technology demonstration and commercialization, the companies aim to develop an infrastructure monitoring system that integrates satellite data with ground-based sensors and other data, and to establish preventive maintenance practices and expand into global markets.

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LTS selected for the Space Strategy Fund’s “Project to Accelerate the Implementation of Satellite Data Utilization Systems” | LTS,Inc. (6560) timely disclosure | Komori