Boryung Signs Space Research MOU With DLR
Boryung has moved to build a practical revenue model for its space business by securing its first potential customer to actually use its space life-sciences research infrastructure.Boryung said on Oct. 23 that it recently signed a memorandum of understanding, or MOU, with the German Aerospace Center
Boryung has signed its first memorandum of understanding (MOU) with the German Aerospace Center (DLR) to explore space life sciences research collaboration. The agreement, signed on October 23, will allow the DLR to utilize Boryung's space infrastructure for research and verification of various projects. Boryung aims to establish customized testbeds that cater to the needs of DLR researchers, starting with the initial cooperation.
The company plans to identify additional customers for its space research endeavors, leveraging its strategic investments to create tailored infrastructure. Boryung's CEO, Kim Jeong-gyun, emphasized the significance of connecting their investment foundation with actual research demand. Meanwhile, the DLR welcomed the partnership, highlighting its role in advancing international scientific cooperation.
Both parties anticipate responding to new scientific demands through this collaboration, which will enhance Boryung's infrastructure competitiveness.
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