CAELUM Co., Ltd, a South Korean aerospace and defence industry developer, has signed a Memorandum of Understanding (MoU) with Frequentis Singapore Pte Ltd to work in collaboration on Urban Air Mobility (UAM) and Unmanned Traffic Management (UTM) solutions in South Korea.
According to Frequentis press release:
“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.
“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 centres, and introduction of solutions to new regional markets.”
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