The Faraday Dragon is the first of its kind in the Asia-Pacific region, providing areas of possible cooperation between regional organizations and the UKSA that will deliver economic benefits, capacity-building, and other commercial opportunities
The Philippines can boost its economy through satellite technologies, following the experiments by the Philippine Space Agency, or PSA, and other countries under the Faraday Dragon Mission to be launched in 2026.
"The Faraday Dragon is the first of its kind in the Asia-Pacific region, providing areas of possible cooperation between regional organizations and the UKSA that will deliver economic benefits, capacity-building, and other commercial opportunities," the PSA said.
The PSA said it recently signed a memorandum of understanding with United Kingdom's In-Space Missions Limited and received funding for satellite equipment development from the latter's Space Agency.
The PSA said the Faraday Dragon Mission will deploy small satellites from government, commercial, civil and educational organizations in Asia-Pacific.
The government agency expects the mission to bring back data to be used for designing smart cities and agricultural areas which will increase Philippine food exports and foreign direct investments.
Increased mobility
The Philippine Council for Industry, Energy, and Emerging Technology Research and Development executive director Dr. Enrico Paringit had said space and related technologies can identify water resources and areas in need of infrastructure.
"The mobility aspect will include increased accessibility to public transportation, reduced first mile/last mile gaps, and congestion," he said.
"Local government units and firms will improve decisions including situations concerning traffic, hazards, disasters, availability of water, and health, among others," Paringit added.
The Asian Development Bank, for example, reported rice farmers can reach 90 percent of projected yields using satellite imagery.
The Faraday Dragon Mission will also be carried out by delegates from Singapore, Indonesia and Taiwan, among others.
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