HONG KONG, August 8, 2022 /PRNewswire/ — Hong Kong Aerospace Technology Group Limited (01725. HK) has been actively preparing for mass production since early summer, after signing equipment contracts for the construction of the Satellite Manufacturing Center and the Satellite Operation Control and Applications Center in Advanced Manufacturing Center (AMC) in Tseung Kwan O, the Group announced on 3 August 2022 that its indirect wholly owned its subsidiary the company, Gang Hang Ke (Shenzhen) Space Technology Co., Ltd (hereinafter referred to as “SZ Gang Hang Ke”) entered into the contract for the manufacture and assembly, integration and test of satellites 36T-01 (“AIT”) with Hunan Saide Leite Space Technology Co. Ltd. (hereinafter referred to as “Saide Leite”), According to which Saide Leite agreed to engage SZ Gang Hang Ke to carry out the construction and AIT project for 3 optical satellites.
According to the Agreement, SZ Gang Hang Ke will be responsible, among other things, for formulating relevant plans according to the manufacturing and production requirements, conducting comprehensive and effective quality management and control of the manufacturing, production and testing process and ensuring that the three optical satellites and their related technical information will be delivered after the completion of AIT services before June 30, 2023. It’s known that Saide Leite is a mainland private limited company Chinamainly engaged in engineering, technology research and experimental development, technology development, technology consultation, technology exchange, technology transfer, technology promotion, mobile communication satellite terminal manufacturing, etc.
Increase market share
SZ Gang Hang Ke is an indirect wholly-owned subsidiary of the Group and is the only authorized berthing office in the mainland. Its main business includes the development, sales and leasing of space robots, design of space technology solutions, etc. The collaboration between SZ Gang Hang Ke and Saide Leite means a lot to the Group, as he introduces Saide Leite as an important business partner for HKATG.
With its technical advantages Saide Leite, deeper exchanges between the two sides will further promote the commercial aerospace area. At the same time, this collaboration also represents the deepening of ties between China and Hong Kong. It echoes the idea of the Hong Kong SAR Government to “Strengthen exchange and cooperation between the two places in the field of innovation and technology, including technology trade, integration Hong Kong in national development’, and further strengthens HKATG’s influence in the industry.
One to one strategic partnership
The global economy has yet to fully recover from the pandemic, along with the current rise in inflation, which has a negative impact on a company’s ability to effectively invest capital in business plans. That being said, as the first and only commercial aerospace company Hong Kong, HKATG has not slowed down since the beginning of the year, and the Group is actively expanding the direction of strategic cooperation. This year, the Club signed a letter of intent with the City School of Engineering University of Hong Kong, and also signed a strategic cooperation agreement with Shandong Institute of Industrial Technology. Last month, HKATG announced the appointment of two directors, Dr. Mazlan Binti Othman and Mr. Niu Aimin, demonstrating its determination and willingness to promote the internationalization of the aerospace industry and aerospace applications, opening new industrial avenues for of Hong Kong economy, filling the regional trade gap in the space industry and pushing the development of the global aerospace industry to the next level.
Having the advantages of the right position and the right position, HKATG will further explore competitive partners in the aerospace industry, to strengthen of Hong Kong The status as an international center of innovation and technology innovation described in the 14th five-year plan.
SOURCE Hong Kong Aerospace Technology Group