Oakham-based firm Moniteye is looking to ride the space boom
A firm is looking to ride the space boom through pioneering technology that allows measurement from satellites.
Moniteye, based in High Street, Oakham, recently benefited from grants from the European Space Agency which will help to fund its remote technology.
The firm has worked with Transport for London, Network Rail and Highways England on projects that will allow it to monitor their infrastructure using state-of-the-art technology.
The satellites can measure bridges, buildings and even coastlines.
The European Space Agency funding will help Moniteye develop the technology and funding for the kinds of projects that they work on are typically to the value of around €1 million.
Graeme Phipps, one of the directors, said: “We are now working on the scaling up our activities, both with
the extension of a new European Space Agency project based in Scotland and commercial sales activities here in the UK and internationally, for both earth observation and satellite navigation
“We are excited about the use of the technology and have a concrete strategy for expansion and to be the leading expert in satellite-based ground stability monitoring
“We are currently also in discussions with a company in Slovakia to explore how we can collaborate and expand our reach.”
The project in Scotland has seen Moniteye play a role in exploring the challenges faced in protecting historic sites from threats such as coastal erosion and ground movement, and how satellite capabilities can assist in monitoring and managing these
The Rutland firm has a turnover about a £1 million and currently employs eight staff.