Space Tech 2018 M A S T E R ‘ S P R O G R A M M E Space Tech 1 Graz University of Technology LeakSense SpaceTech Alumni Symposium 2019 Presentation – Central Case Project SpaceTech 2018 – Program ESTEC, June 2019 u SpaceTech.tugraz.at
Space Tech 2018 SpaceTech 2018 2 2 Central Case Project (CCP)--Constraints • Three organizations provided objectives and constraints for the CCP effort — DLR, ESA and TU Graz TU Graz ESA DLR • • • Maximum spacecraft Small Satellite(s) Small Satellite(s) weight 500 kg (dry • • Earth Observation Investigate modular mass) based solution approaches (iBOSS • Viable business case and other) • Explore innovative • Include space solutions to real segment problems
Space Tech 2018 The team 3 3 Bouzekri Oilid Abakunda Joseph Burzykowska Anna Morawitz Bastian Perczynski Piotr RWANDA AIR AIRBUS ESA RHEA SYSTEM LUX SPACE FORCE Varewijck George Vogel Torsten Wolf Nadja Rubio-Blanes Alberto Van der Laan Ludger ATG-EUROPE AIRBUS ARIANEGROUP ESA TNO
February / March 2019 SpaceTech 2018 Space Tech 2018 4 4 Credit: Reuters
Space Tech 2018 5 5 Credit: SmithsonianMag
Space Tech 2018 Current leak detection fails 6 6
Space Tech 2018 Solving real industry problems 7 7 Globally oil and gas industry spends 32 B € a year monitoring millions of kilometers of oil and gas pipelines Source: Appalmad.org Source: perthdrone.co.au Source: Rigzone.com Source: Flowcontrolnetwork.com
Space Tech 2018 Oil market analysis 8 8 Stringent Environmental and Safety 7% a year past 15 years Regulations regulations Expanding Damage & Infrastructure Liability Oil ~3.5 B€ in 2015 in big data- Industry related projects Greater Enhanced 15% Growth Efficiency Monitoring & Digitisation by 2020 ! Operations & Can optimise O&M costs by as Maintenance much as 20% Average O&M = ~150 k€ per annum per mile Source: PWC, HIS Economics The Economic Impact of Crude Oil Pipeline Construction and Operation
Space Tech 2018 9 9 “Detect, geo -locate and monitor oil leaks in distribution networks globally”
Space Tech 2018 Technology gap 10 10 New dedicated fast revisit EO systems – such as LeakSense - will be competitive with current methods due to: Payload customized to oil detection Unconstrained global coverage Unrivalled revisit time
Space Tech 2018 Customer needs and objectives 11 Reduce cost of leaks • Key performance parameters for pipeline leak detection 1 : • Minimize false positives • Accurate localization • Short time to detection • Sensitive to small leak size • Large coverage 1 Pipeline leak detection handbook, M Henrie
Space Tech 2018 Sensing strategy 12 Band 4 1720 nm 1730 nm 1740 nm Hyperspectral Analysis of Oil and Oil-Impacted Soils for Remote Sensing Purposes. G. Andreoli et al. European Commission, Joint Research Centre
Space Tech 2018 Sensing strategy 13 Selected bands for LeakSense space segment payload Band 1 Band 2 Band 3 Band 4 Band 5 Band 6 Near infrared Short wave and mid wave infrared 1635 – Spectral range 850 - 880 945 -975 1715 - 2335 - 3395 - [nm] 1665 1745 2365 3425 Spectral 10 10 10 10 10 10 resolution [nm] Use Normalized vegetation Hydrocarbon (HC) detection index (NDVI) and vapour correction
Space Tech 2018 Concept of operations 14
Space Tech 2018 Top level design features (orbit and ground stations) 15 15 Sun Synchronous Orbit (SSO) 97.5 ° Altitude 523 km Local Time Ascending Node (LTAN) 14:00 Period 95 min 2-week ground track repeat time KSAT stations at Svalbard Launcher availibility
Space Tech 2018 System performance 16 16 8 years 4 satellites Φ =90 ° 500 m 3.5 days 6 liters/min external data
Space Tech 2018 Payload 17 17 • Key characteristics Near Infrared, Short Wavelength Infrared and Mid Wavelength Infrared Aperture: ~ 240 mm Focal length: ~ 520 mm Pixel resolution: 20 m for a Ground Sample Distance of 40 m Detector: Indium antimonide photodiode (cryogenically cooled) Compact design based on 3 mirrors Mass: 105 kg Power: 165 W Volume: 260 liters
Space Tech 2018 Mass budget 18 18 Subsystem Mass [kg] Payload 100 AOCS 44 Command and Data Handling 19 Power 111 Propulsion 34 Structure 69 Platform thermal heater 10 Communications 11 Preliminary mass 398 Subsystem maturity margin 5% Design mass 418 System margin 30% Dry Mass 543 Propellant 86 Wet mass 629
Space Tech 2018 Satellite validation plan 19 19 Development Production Qualification 2020 2021 2022 2023 2024 2025 Phase 1 Phase 2 Phase 3 System System deployment and Full operations and Expansion deployment validation and validation Launch Launch Launch First View Insight LeakSense LeakSense LeakSense 3 and 4 1 2
Space Tech 2018 Delivering the solution 20 20
Space Tech 2018 Business model 21 21 Source: www.flaticon.com
Space Tech 2018 Product offering 22 22 Coverage Predefined geographical Predefined geographical Entire network coverage coverage 2 – 4 weeks Revisit single scan less than 3.5 days period Primary Commercially available or Commercially available LeakSense data data source LeakSense data data 500k€ single payment 800k€ per month 800k€ to 1 , 600k€ per month , Price (oil) depending on revisit requested (Freemium for first time users)
Space Tech 2018 Revenues distribution 23 23 Oil Water Revisit Price per Customer Price per Customer Revenue Revenue time customer Share customer Share [€ p.a. ] [%] [€ p.a .] [€ p.a. ] [%] [€ p.a .] [days] 0.5 M€ 2% 0.6 M€ 0.05 M€ 1% 0.83 M€ 10.6 M € 3% 18.4 M€ 0.05 M€ 2% 1.7 M€ 14.00 12.7 M € 5% 36.8 M€ 0.05 M€ 2% 1.7 M€ 7.00 19.0 M € 10% 105.5 M€ 0.05 M€ 5% 4.2 M€ 3.50 25.3 M€ 15% 214.2 M€ 1.75 29.0 M€ 25% 421.2 M€ 1.17 31.7 M € 40% 735.0 M€ 0.88
Space Tech 2018 Investor value proposition 24 24 • Proposed Exit Strategy: Initial Public Offering in 2030 • Incremental funding based on delivery milestones • Maturity gates for further investment • Limited up-front commitment • Sensitivity assessment for market growth performed
Space Tech 2018 25 25 Growth and scaling opportunities Fast growth and return Time-to-market and first revenue 250 M€ 200 M€ 150 M€ 100 M€ 50 M€ 0 M€ - 50 M€ 2020 2021 2022 2023 2024 2025 2026
Space Tech 2018 26 26 Value Added Service for leak detection in oil pipelines End-to-end solution Unique global coverage for complete pipeline networks High revisit time Cost effective Continuous leak detection
Space Tech 2018 27 27 LeakSense makes sense
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