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By IBTimes Staff Reporter | February 26, 2013 2:09 AM PST

India successfully launched Canada's first military satellite and a Canadian space telescope that is considered the world's first space object-tracking satellite Monday.

Announcing the launch of the military satellite called Sapphire, Canadian Defense Minister Peter Mackay hailed the launch of satellites as investment to safeguard billions of dollars of space assets.

"It is with great pleasure that I announce that Canada's Sapphire satellite has been successfully launched," said Peter Mackay in a press release Monday.

"Sapphire is a sound investment that will help safeguard billions of dollars of space assets, in fields such as telecommunications, weather, search and rescue, and global positioning systems," said Mackay.

The satellite has the capacity to circle the globe every 100 minutes and track the debris and man-made objects 800 Kilometers above earth.

On daily basis, it will generate hundreds of images of the objects in the space that will be downloaded and studied by a science faculty at the University of Calgary according to the Canadian Space Agency.

"The launch of Sapphire ensures the Canadian Armed Forces' continued cooperation with other nations in the area of space surveillance," said Vice-Admiral Bruce Donaldson, Vice-Chief of the Defence Staff. 

"This milestone marks another important step in reducing the threat to our critical space capabilities," said Bruce Donaldson in the press release.

On Monday, India launched seven foreign satellites including the two Canadian satellites.

After witnessing the successful launch of the foreign satellites, Pranab Mukerjee, President of India wished good luck to the Indian Space Research Organization (ISRO) for its future ventures including the Mars Mission scheduled later this year.

Saying that the successful satellite launch has won global acknowledgement, the president said it has deepened India's bilateral relationships with the concerned foreign countries. 

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