Jasmine Technology Solution Public Company Limited (SET: JTS) announced a significant strategic milestone in its journey toward becoming the “Thailand Space Champion” through investments in the Low Earth Orbit (LEO) satellite business and an AI-powered clinic platform, while building Thailand’s intelligent data infrastructure ecosystem.
At the Board of Directors Meeting No. 3/2026 held on 24 February 2026, the Board approved the Company’s investment in EOS Orbit Co., Ltd. (EOS), Thailand’s fully integrated satellite and space technology developer. EOS provides end-to-end capabilities spanning the design, manufacturing, assembly, and testing of small satellites (Small Satellite/CubeSat), as well as the development of ground infrastructure and related communication systems.
JTS will subscribe to newly issued ordinary shares of EOS and, upon completion of the capital increase, will hold 19.23% of EOS’s registered capital. The total investment value will not exceed Baht 500 million. The transaction aims to accelerate Thailand’s capabilities in the Space Economy and AI Infrastructure, which are expected to become key pillars of the country’s digital economy over the next decade.
The investment represents JTS’s expansion into spacecraft manufacturing, satellite production, related equipment, and the establishment of ground stations. This marks a strategic move into the high-technology industry, which continues to demonstrate strong global growth potential. The global space economy is projected to reach USD 1.8 trillion by 2035, while Thailand’s domestic space market is valued at approximately Baht 56 billion and continues to expand annually. Currently, EOS is the only Thai company operating commercially active Low Earth Orbit (LEO) satellites, with growing demand from both government and private sector clients, creating long-term opportunities for high value-added products and services.
The investment also strengthens JTS’s Generative AI and advanced computing capabilities. By leveraging the Company’s GPU and AI computing infrastructure, JTS will support high-resolution (0.5m resolution) satellite image processing, including cloud removal, AI-based object detection (such as aircraft, military vehicles, and naval vessels), and change detection. These high-value services are expected to serve more than 40 government and private sector clients in the future, while enhancing JTS’s ability to secure government contracts that require advanced imaging technologies with strong and sustainable revenue potential.
Furthermore, the investment contributes to the development of a fully integrated AI ecosystem and digital infrastructure through a GPU Farm, positioning JTS to establish Thailand’s first Space Data Intelligence Platform. The platform is designed to support both Connectivity and Earth Observation needs across Southeast Asia. This strategic initiative enhances JTS’s corporate profile as a high-technology and innovation-driven organization, aligned with Thailand’s digital economy direction and government policies promoting targeted industries, thereby creating opportunities for future strategic partnerships and support.
In addition, the Board approved JTS’s investment in ULTIMED Co., Ltd. (ULTIMED), whereby JTS will hold 25% of ULTIMED’s registered capital following its capital increase. The investment value will not exceed Baht 50 million and aims to establish AI Healthcare digital health infrastructure.
The investment in ULTIMED represents JTS’s expansion into the AI-powered primary care clinic business, a high-growth AI Healthcare industry. ULTIMED provides comprehensive and holistic healthcare services covering health promotion, disease prevention, medical treatment, and rehabilitation through its AI-Native Clinic Operating System. The system integrates appointment management, electronic medical records (EMR), AI-assisted diagnosis, digital prescription management systems, telemedicine services, and pharmaceutical and healthcare product delivery.
In Phase 1, ULTIMED plans to expand to 10 branches within the first two years. This investment extends JTS’s digital infrastructure expertise into the medical and public health sectors through an integrated digital platform. The collaboration also involves Looloo Technology, a leading AI developer in Thailand, creating opportunities for joint innovation across infrastructure, connectivity, and healthcare applications.
The investments in EOS and ULTIMED qualify as Category 2 transactions under the Notification of the Acquisition or Disposal of Assets (transaction size equal to or exceeding 15% but less than 50%). Accordingly, JTS is required to disclose the transactions to the Stock Exchange of Thailand. The Company expects both transactions to be completed within the second quarter of 2026.
Furthermore, the Board approved financial assistance from Jasmine Submarine Telecommunications Co., Ltd. (JSTC), a connected party of the Company. JSTC is wholly owned by Jasmine International Public Company Limited (JAS), which is the major shareholder of JTS, holding directly and indirectly 69.04% of the Company’s total issued and paid-up shares. The financial assistance, in an amount not exceeding Baht 550 million, will be used to fund the EOS and ULTIMED investments. This transaction qualifies as a connected transaction under the Capital Market Supervisory Board Notification No. 21/2008 Re: Rules on Connected Transactions.
For its long-term vision, JTS is systematically building Thailand’s Digital Sovereignty foundation through three strategic pillars: Space Infrastructure, AI Computing Infrastructure, and Applied AI Platform for healthcare and the broader economy. This investment is not merely a short-term business expansion but a long-term strategic infrastructure initiative designed to strengthen Thailand’s role in the global space economy, enhance the nation’s digital infrastructure capabilities, and advance toward becoming Thailand’s Tech Infrastructure Champion.
