During a ceremony held on Wednesday in Tehran, a domestically designed and manufactured satellite navigation system, named the Nasir 1, was unveiled.
The satellite navigation system has been designed to find the precise locations of satellites moving in orbit.
In the ceremony, Director of Iran Space Agency Hamid Fazeli said that Iran is among a handful of countries in the world which are capable of developing satellite-related technologies.
Boasts by Tehran Sunday to have reverse-engineered a CIA spy drone were dismissed hours later by influential US Senator Joe Lieberman as "Iranian bluster."
Lieberman told "Fox News Sunday" he felt "skepticism" after an Iranian military commander said the Islamic republic was building a copy of the drone, which came down on Iranian soil in December 2011.