On February 6 (local time), in Budapest, Hungary, Cho Seong-ik, CEO of Telepix (second from the left), and Levente Balog, CEO of Remred, attended the signing ceremony for the HULEO program cooperation agreement.
Telepix announced on the 19th that it will export high-resolution electro-optical camera systems equivalent to national land satellites to Hungary. The export volume amounts to tens of millions of dollars.
The camera system being exported will be used for Hungary’s national Earth observation satellite program, ‘HULEO.’ HULEO aims to secure independent satellite capabilities operating in low Earth orbit (LEO). The HULEO satellites will conduct environmental monitoring, mapping, and infrastructure observation. The satellite data is expected to be widely used in national disaster response, land management, infrastructure monitoring, as well as industrial and security fields. The HULEO project is overseen by Remred, a space systems company under Hungary’s defense industry giant, 4iG.
Telepix and Remred held the cooperation and supply contract signing ceremony on the 6th (local time) at 4iG’s headquarters in Budapest. The ceremony was attended by CEOs Cho Seong-ik of Telepix and Levente Balog of Remred, along with key executives from both companies.
Under the cooperation agreement with Remred, Telepix will supply high-resolution electro-optical camera systems that perform core missions for small and medium-sized satellites. These electro-optical payloads are high-value equipment, taking up a significant portion of the total satellite system cost.
The contract was finalized after an international bidding process involving multiple global companies. Telepix was selected as the final supplier for meeting European space industry standards and passing certification and verification procedures, which involved rigorous evaluation systems such as environmental tests simulating harsh space conditions and long-term operation stability assessments. Telepix explained that the selection was based on their establishment of a vertically integrated system that internalizes the entire process from design to parts production and assembly/testing, securing global-level technological and price competitiveness.
Telepix is also in discussions with Remred regarding the export of an integrated satellite data processing system that includes an AI agent-based satellite image analysis solution. Telepix plans to implement AI edge computing on the HULEO satellite using TetraFlex, a GPU-based AI onboard processor for satellites, allowing for real-time processing and analysis of image data onboard the satellite. Additionally, negotiations are in progress for providing an integrated solution that extends to ground data interpretation and analysis by linking with the AI agent-based satellite image analysis solution, SatChat. Both companies are also reviewing possibilities for expanding cooperation, including establishing a joint venture (JV) in Hungary.
Cho Seong-ik, CEO of Telepix, stated, “Through the integrated solution that combines high-resolution electro-optical technology and AI-based onboard processing capabilities, we will further strengthen our technological competitiveness in the global satellite market.”