Penang continues to spearhead the region’s foray into the space economy with the signing of an MoU between Silicon Valley-based space startup, Antaris, and Digital Penang, the state agency tasked to guide Penang’s digitalisation efforts.

The MoU, signed on April 5, was to collaborate on capability and capacity building of the local electrical and electronic (E&E) ecosystem for the space technology supply chain, specifically by 1) facilitating satellite operators/mission owners to readily access the Antaris SaaS for designing, building, and managing their satellites, 2) providing Antaris Marketplace listing for Penang-based qualified suppliers to access local and global demand, as well as 3) broadening the ecosystem through open-source led partnerships and training.

Open-sourcing a next-generation software-defined satellite platform for satellite lifecycle management, the co-founder and Chief Product and Revenue Officer of Antaris, Shankar Sivaprakasam said, will create a more level playing field for new entrants to an industry that is traditionally dominated by big names.

Meanwhile, this will provide an opportunity for the Penang manufacturing sector, which has been mainly focused on medical-tech and E&E supply chain, to venture into one of the fastest-growing sectors in the space technology supply chain, further cementing Penang’s position as the Silicon Valley of the East.