Aerospace and defence parts start-up ST Advanced Composites which supplied the necessary structural components for the manufacture of satellites for a UAE-based space agency aims to tap the market potential in this sector, a top official has said.
The city-based company bagged the order from the space agency in 2020 to supply parts that go into the manufacturing of the satellite to study the soil and carry out water analysis on the Moon, director Devendran Thirunavukarasu said.
The company, he said, uses carbon fibre as the basic raw material to manufacture the products allowing them to substantially reduce the weight of satellites which constitute the majority of the payload weight on a rocket.
The majority of the technology used is ‘carbon-fibre technology’, he said. To a query, he said the company was engaged with various government projects with Muscat, Oman, the United Kingdom and Israel.
The company after setting up a base in Chennai has plans to set up offices in Bengaluru and also in New Delhi.
“Right now we are about 20 people. We are planning to add another 20 people, when we set up the manufacturing facility at Vallam Vadagal,” he said.