Aalto-1 is a student CubeSat project of Aalto University, Finland. In this video Project Coordinator Jaan Praks describes the Aalto-1 project.
It is understood that a launch in 2013 is planned.
It is planned to operate at VHF-UHF and there will also be an S-band transmitter. Up to 8 watts of power will be available from the Solar panels.
The main payload of the satellite is a novel tiny Fabry-Perot imaging spectrometer, developed by VTT, Finland. The primary scientific goal of the mission is to demonstrate the feasibility of MEMS Fabry-Perot spectrometers for space applications. This miniature technology can be used in nanosatellites for large a variety of remote sensing applications in the future.
High spectral resolution images can be used for water quality monitoring and land use classification.
Watch Aalto-1 // Jaan Praks Interview 3/2012
Watch Aalto-1 // External view 11/2012
Aalto-1 Discussion Forum https://wiki.aalto.fi/display/SatForum/Aalto-1+Discussion+Forum