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"Lithuanians informed about their plans during a space industry conference, where everyone wants to praise their country. We are confident that we will be the first ones to launch our satellite into orbit," said Reizniece-Ozola.

Construction of Latvia's satellite "Venta-1" has been completed and agreement has been reached on its launch with a Russian carrier rocket at the beginning of next year.

"Lithuanians currently do not have any specific launch plans. They want to launch their satellite at the start of next summer. However, it is necessary to take into account the actual possibilities of agreeing on the carrier rocket's usage," said Reizniece-Ozola.

Lithuanians could use a sea launch rocket, launching their satellite from a ship. Nevertheless, this option is risky. Such a launch could damage the satellite.

As reported, "Venta-1" is designed for implementation of Automatic Identification System (AIS) and a system of satellites, developed by German space technologies company "OHB-System AG" in navigation. The University of Bremen, Ventspils University College and Ventspils High Technology Park also participate in the project.

University of Bremen lecturer and OHB Technology AG scientist, Indulis Kalnins, informed that the satellite's main cargo will be AIS receiver. This system will provide real-time data about navigation throughout the world.

The Swedish company Microtec AAT will have a separate module on "Venta-1" to test the "Plug-And-Play" technology, which was developed for the U.S. military needs.

The satellite's signals will be picked up by three stations – Ventspils International Radio Astronomy Center in Irbene, a backup station in Bremen, and a station in South Tyrol, Italy.