Naescorcom was a manufacturing conglomerate led by seven core members from planets in the Outer Rim. At the suggestion of two of its members, the company established a large manufacturing facility—the floating city Ipsus—on Genarius in 36 BBY. The Cularin system's position would allow easy distribution of product to both the Core and Outer Rim, and also points in-between. Naescorcom leaders of Ipsus had claimed mining rights on the inhospitable moon of Ulbasca, disputing the rights of rival company SoroSuub, even though none of them have ever made a real effort to mine there.