CAELUM Co., Ltd, a South Korean aerospace & defense industry developer, has signed a Memorandum of Understanding (MoU) with Frequentis Singapore Pte Ltd, a global industry leader in air traffic management (ATM) systems, to work in collaboration on Urban Air Mobility (UAM) and Unmanned Traffic Management (UTM) solutions in South Korea.
The MoU represents the first steps between CAELUM and Frequentis to address the growing need for next-generation traffic management systems capable of handling the unique challenges of UAM technologies, including flexible use of airspace. Initial discussions confidently advocate the combination of Frequentis’ know-how in ATM system development and manufacturing with CAELUM’s financing and project management capabilities to create a successful UTM solution. CAELUM and Frequentis have committed to further discussions in an effort to develop their joint action plan.
“Urban Air Mobility represents the next frontier of aerospace and defence innovation. We are pleased to partner with Frequentis, whose 75 years of experience in the field has led them to be at the forefront of ATM systems,” said CAELUM CEO Michael Kwon. “We are confident that by combining CAELUM’s in-house technologies with Frequentis’ ATM expertise and products, we will be able to deliver a first-in-Korea – and potentially first-in-the-world – robust, efficient, and safety-oriented UTM system.”
As part of their agreement, CAELUM will also serve as Frequentis’ local partner in the South Korean market. This includes supporting localisation of Frequentis’ MosaiX solution, integration support for aviation and transportation centers, and introduction of solutions to new regional markets.
“The UTM market is growing and in order to safely facilitate its growth and allow for additional services to support the futures smart cities, we must work in partnership with organisations with the same goal in mind. We are pleased to be discussing the next steps in our collaboration with CAELUM to support the integration of ATM and UTM in Korea,” says Guenter Graf, Frequentis Vice President New Business Development.
Meet Frequentis at World ATM Congress, Madrid, 21-23 June, stand 526.
|For more information, please visit www.frequentis.com|