Astronautic Technology Sdn Bhd or better known as ATSB was established on 1 May 1995 and is wholly owned by the Minister of Finance Inc under the supervision of the Malaysian Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC). As a wholly owned company under the Ministry of Finance Inc., ATSB is mandated to focus on research and development in the area of design and development of space-qualified systems employing advanced and innovative technologies.