Planet Communications Asia Public Company Limited

Alphabet is preparing to put Google's artificial-intelligence chips into orbit, moving its Project Suncatcher research effort from laboratory testing toward a real-world space trial. Google said its first in-orbit hardware test will fly aboard SpaceX's Transporter-18 rideshare mission in collaboration with Planet, with the prototype satellite testing how Google Tensor Processing Units, or TPUs, withstand launch vibration, radiation and extreme temperature conditions in low Earth orbit. Early laboratory results have been encouraging: Google said its Trillium TPUs tolerated radiation exposure beyond what would be expected during a five-year mission and have also undergone simulated launch-vibration testing. Thermal management presents another major hurdle, since conventional air cooling does not work in the vacuum of space, and Google is evaluating heat pipes and radiators to move heat away from processors. The longer-term vision is considerably more ambitious, with Project Suncatcher envisioning clusters of solar-powered satellites carrying TPUs and connected through high-speed optical links, and Google previously said solar panels in certain orbits could be as much as eight times more productive than on Earth while producing power almost continuously. A two-satellite communications test is planned for 2027.

Planet Communications Asia, or PLANET, said its data centre in the Eastern Economic Corridor, or EEC, is attracting strong interest from both domestic and foreign investors, with operators continuously approaching the company to negotiate service use and joint investment. The momentum is driven by rapidly expanding demand for data, cloud and AI technology in the region, as well as government support through changes to laws, regulations and investment incentive measures in the EEC area. PLANET currently provides co-location data centre services under the name STP Planet DC in Ban Chang district, Rayong province, supporting a maximum IT load of 600 kW per data hall, and plans to support expansion of total gross load to as much as 6.8 MW to meet demand and accommodate the future growth of enterprise customers and large cloud service providers.

PLANET has disclosed its business direction and progress in addressing the reasons for the CB (cash balance) designation following the Public Presentation meeting held on August 27, 2026. The company is focusing on two main approaches: generating revenue and reducing and controlling expenses. It will also increase focus on customer groups, markets, and projects with potential, considering clarity on customers, budgets, timelines, and opportunities to generate revenue and cash flow. The company plans to balance revenue from project-based business by increasing emphasis on the enterprise and commercial markets, while developing recurring revenue business to enhance income continuity. At the same time, it will improve resource management efficiency and develop personnel skills to support new technologies, and extend cooperation with global technology partners under the Digital Go Green concept to open new markets and access potential projects. PLANET stated that it will proceed with the plan carefully and with discipline to expedite the resolution of the reasons for the CB designation and lay a strong foundation for long-term growth.

Planet Communication Asia Public Company Limited, or PLANET, is moving forward with a business strategy adjustment to cope with economic volatility, focusing on cost control, risk management, and increasing the proportion of recurring revenue from digital infrastructure services such as Cloud, Data Center, and Cybersecurity. Co-Chief Executive Officer Chatsuda Benjanirat said the company will emphasize reducing and controlling costs across the entire operational chain, especially hardware costs, imports, delivery lead times, and exchange rate fluctuations, while diversifying procurement sources and technology partners to increase flexibility in equipment sourcing. At the same time, the company continues to maintain a disciplined project selection policy, thoroughly considering value for money, cost risk, delivery timelines, payment terms, and the impact on working capital, so that project acceptance aligns with the company's financial capacity and can generate appropriate returns without focusing solely on revenue growth. This strategy is part of PLANET's business restructuring from reliance on project-based revenue toward a more diversified and recurring revenue structure, which will help reduce revenue volatility, improve cash flow planning efficiency, and strengthen the long-term business foundation.