CAELUM and FREQUENTIS partner to develop solutions for South Korean unmanned traffic management market
CAELUM Co., Ltd, a South Korean aerospace & defense industry developer, has signed a Memorandum of Understanding (MoU) with Frequentis Singapore Pte Ltd, a global industry leader in air traffic management (ATM) systems, to work in collaboration on Urban Air Mobility (UAM) and Unmanned Traffic Management (UTM) solutions in South Korea.
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. CAELUM and Frequentis have committed to further discussions in an effort to develop their joint action plan.