Business Wire

AXELSPACE

17.7.2024 10:01:35 CEST | Business Wire | Press release

Share
Axelspace Announces New Service “AxelLiner Laboratory (AL Lab)” to Meet the Rapidly Growing Need for In-orbit Demonstration of Space Components

Axelspace Corporation announced the launch of AxelLiner Laboratory (AL Lab), a new service under AxelLiner introduced in 2022. This service specializes in in-orbit demonstration of space components with sales set to begin in the near future.
Additionally, a new memorandum was signed between Axelspace and ASPINA Shinano Kenshi Co., Ltd., a partner in developing a reaction wheel for microsatellites since 2020. The companies have agreed to launch the wheel in 2026 and conduct an in-orbit demonstration, making it the first to utilize AL Lab.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717515842/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

AxelLiner Laboratory is a new service under AxelLiner introduced in 2022. This service specializes in in-orbit demonstration of space components with sales set to begin in the near future. (Graphic: Business Wire)

Axelspace announcement
https://www.axelspace.com/news/axellinerlaboratory/

Meeting the growing need for in-orbit demonstration

Introducing AxelLiner in 2022, Axelspace has been preparing for its full-scale service launch. This preparation included developing a versatile bus system for microsatellites, forming the Spacecraft Manufacturing Alliance for mass production, and building AxelLiner Terminal, a software system offering innovative customer experiences.

Since its business launch, there have been high expectations for this one-stop microsatellite service that enables customers to actualize their unique space missions in a shorter period of time, reaffirming the strong need for this business.
Furthermore, through communications with various space industry players, strong interest has been received from companies that develop space components and mission equipment as well. To further expand this customer base, Axelspace began research into creating a new service for AxelLiner that specializes in in-orbit demonstrations.

The Japanese government plans to create the Space Strategic Fund this year, aiming to offer 1 trillion yen worth of support in the coming decade. One of the themes the fund intends to implement is the establishment of a satellite supply chain through development and demonstration of satellite parts and components. Consequently, the demand for early-phase in-orbit demonstration services is expected to increase in the future.
To overcome these existing challenges involved in in-orbit demonstrations, Axelspace has developed a service tailored to such special needs by leveraging the short development time and mass-production capabilities realized by AxelLiner.

AL Lab can be used not only to test components and mission equipment in space, but also for purposes of entertainment, or corporate or product promotions.
The original service concept will be redefined as “AxelLiner Professional (AL Pro),” with preparations continuing for its full-scale launch.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717515842/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Nexthop AI Unveils Transformative, industry-leading Scale-out and Scale-across Switches engineered for Hyperscalers & NeoClouds10.3.2026 13:45:00 CET | Press release

Underlines focus on power efficient solutions, deployment velocity and open networking Nexthop AI, the leading pioneer of highly efficient AI Networking, today launched a range of products for scale-out, scale-across and front-end applications for cloud and AI datacenters. The launch portfolio sets new standards for performance, power efficiency, and deployment speed - very critical metrics in AI infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310990709/en/ Nexthop AI's highly efficient scale-out and scale-across AI networking portfolio Nexthop also unveiled the Disaggregated Spine architecture - a new, highly efficient, scale-across network design developed in collaboration with a large hyperscaler. This innovative architecture decomposes the traditional monolithic chassis running proprietary software into independent, optimized, functional tiers. It features a scale-across leaf tier (data center fabric fa

Nexthop AI Accelerates Into Hypergrowth With Oversubscribed $500M Series B Funding, Catapulting the Company’s Valuation to $4.2 Billion10.3.2026 13:45:00 CET | Press release

New Tier-1 Investors, Led by Lightspeed Venture Partners, Join to Fuel Development of Highly Efficient, Next-Generation AI and Cloud Networking Solutions Nexthop AI, the leading pioneer of highly efficient AI Networking, today announced successful closure of an oversubscribed $500 Million Series B funding round, catapulting the company’s valuation to $4.2 Billion. This round was spearheaded by Lightspeed Venture Partners, with Andreessen Horowitz joining as a major investor, and participation from Altimeter and all existing investors. “The rapid growth of AI is forcing a fundamental rethink of data center network architecture — and that creates one of the largest infrastructure market opportunities we’ve seen in a generation, with the potential to build a $100B+ company. That conviction led us to invest in Nexthop AI from Day One,” said Guru Chahal, Partner at Lightspeed Venture Partners. “Nexthop is uniquely positioned to become the next great networking vendor by combining hyperscale

Corpay Cross-Border Named Official Foreign Exchange Provider of the ABB FIA Formula E World Championship10.3.2026 13:30:00 CET | Press release

Delivering exclusive commercial FX solutions to the world’s premier all-electric racing series Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has partnered with Formula E, the world’s first all-electric FIA World Championship and B Corp Certified sport. Under the agreement, Corpay becomes the exclusive and Official Foreign Exchange Provider of the ABB FIA Formula E World Championship. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310640540/en/ The ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation with the GEN3 Evo race continuing to set a new benchmark as the fastest-accelerating FIA single-seater, rocketing from 0-60 mph in an astonishing 1.82 seconds. Through th

Wolters Kluwer Releases 2026 Future Ready Lawyer Survey Report, Highlighting Rapid AI Gains and Shifting Power Dynamics10.3.2026 13:00:00 CET | Press release

Global survey of legal professionals reveals strong momentum behind AI investment and workflow transformation Wolters Kluwer Legal & Regulatory has published the results of its global 2026 Future Ready Lawyer Survey, the preeminent source of insights from lawyers in law firms and corporate legal departments across the U.S., China and nine European countries. The findings show an industry coming to grips with the accelerated adoption of AI technology, an ambitious undertaking that has yielded long sought-after efficiencies across workflows and business practices, while raising unexpected challenges to ethics and infrastructure. “The Future Ready Lawyer global report has always reflected an industry in motion,” said Martin O'Malley, CEO of Wolters Kluwer Legal & Regulatory. “What’s most striking this year is how rapidly legal professionals are accelerating to meet that change by reshaping business models, rethinking long‑held dynamics, and embracing new ways to deliver value through both

Armis Announces Armis Centrix™ for Vulnerability Management Detection and Response to Reduce Cyber Risk and Eliminate Operational Friction10.3.2026 13:00:00 CET | Press release

Solution empowers organizations to continuously and accurately detect vulnerabilities across the entire attack surface, while reducing scan volume and impact Armis, the cyber exposure management & security company, today announced Armis Centrix™ for Vulnerability Management Detection and Response. The solution enables security teams to precisely identify and validate vulnerabilities across all of an organization’s assets in real time. Armis’ unified approach to vulnerability assessment results in greater accuracy, faster detection time and reduced operational costs. "Waiting weeks for a vulnerability scan that still misses essential assets is no longer sufficient to combat AI-powered cyberattacks,” said Nadir Izrael, CTO and Co-Founder at Armis. “Organizations need a continuous view of their complete environment to stay ahead of threats. Armis' new solution delivers more accurate, targeted results than traditional vulnerability management solutions with a fraction of the scans. It empo

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye