Thorium Space honored with Innovation Eagle for best technology solution
Thorium Space has been awarded in the Eagle of Innovation competition organized by the editors of the Rzeczpospolita daily. The company was awarded the prize in the “Best Technological Solution – Project” category. The competition’s jury appreciated the company’s work on the development of active flat array antennas operating in the E-band (70-90 GHz), allowing the realization of transmissions with enormous bandwidth (about 1 Gbps per link) and communication virtually free of interference from Earth and Space. This year’s Eagle of Innovation was the seventh edition of the event organized by the editors of “Rzeczpospolita”. The premise of the competition is to identify and reward thriving young companies that have based their business on the creation of exceptional products and services. The chapter awards companies that offer innovative technological solutions, demonstrate global potential or have a positive impact on the common good. – The award we have received is a big surprise for us and at the same time a very pleasant surprise. We are pleased that the competition’s chapter decided to appreciate our work. The solutions we are working on fit perfectly into the framework provided by the organizers. After all, the main goal of Thorium Space is to build a small telecommunications satellite operating at extremely high frequencies – 70-90 GHz, which is about three times higher than those used by current satellites of this type. This is such 5G in space, but even faster,” comments Pawel Rymaszewski, CEO and CTO of Thorium Space, on the award. – We have already developed a prototype E-band antenna, which has successfully passed tests conducted in independent laboratories, confirming our initial assumptions. Therefore, we are enthusiastically continuing the development of the transponder and satellite project,” he adds. The decision on who to award the prize was made by a group of experts, including Paweł Kolczyński – vice-president of the board of the Industrial Development Agency S.A., Eliza Kruczkowska – director of the Innovation Development Department at the Polish Development Fund, Marcin Piasecki – editor and columnist of “Rzeczpospolita” and Jarosław Sroka – board member of Kulczyk Investments One. The final gala due to the pandemic situation was held online. The jury also presented a special award for innovative solutions to mitigate the effects of the COVID-19 pandemic. Thorium Space, with its innovative technology, is part of the global market related to telecommunications satellites, which is growing extremely rapidly. Its value is currently estimated at $62 billion, and forecasts indicate an increase to $122 billion by 2027 (source: https://www.grandviewresearch.com/industry-analysis/satellite-communication-market).