HONG KONG, August 8, 2022 /PRNewswire/ — Hong Kong Aerospace Technology Group Limited (01725. HK) has been actively preparing for mass production since the beginning of this summer after signing the equipment contracts for the construction of the satellite manufacturing center and the satellite Operation Control and Application Center in Advanced Manufacturing Center (AMC) in Tseung Kwan O, the group announced on August 3, 2022 that its indirect wholly owned stake subsidiary of the company, Gang Hang Ke (Shenzhen) Space Technology Co., Ltd (hereinafter referred to as “SZ Gang Hang Ke”) merged with Hunan Saide Leite Space Technology Co. GmbH. (hereinafter referred to as “Saide Leite”), after which Saide Leite agreed to contract SZ Gang Hang Ke to carry out the 3 optical satellite manufacturing and AIT project.
According to the agreement, SZ Gang Hang Ke’s responsibilities include formulating relevant plans according to manufacturing and production requirements, conducting comprehensive and effective quality management and control over the manufacturing, production and testing process, and ensuring the three optical satellites and their relevant technical information will be delivered after completion of the AIT services on or before June 30, 2023. It is known that Saide Leite is a mainland limited company Chinamainly engaged in engineering, technology research and experimental development, technology development, technology consulting, technology exchange, technology transfer, technology promotion, satellite mobile communication terminal manufacturing, etc.
increase market share
SZ Gang Hang Ke is an indirect wholly owned subsidiary of the group and the only authorized docking agency in the mainland. Its main business includes the development, sale and leasing of space robots, design of space technology solutions, etc. The cooperation between SZ Gang Hang Ke and Saide Leite means a lot to the group, as he says Saide Leite as an important business partner for HKATG.
With the technical advantages of Saide Leite, the in-depth exchanges between the two parties will further advance the field of commercial aerospace. At the same time, this cooperation also stands for the deepening of the relationship between them China and Hong Kong. It reflects the Hong Kong SAR government’s idea of ”strengthening and integrating exchanges and cooperation between the two places in the field of innovation and technology, including technology trade.” Hong Kong into national development” and further enhances HKATG’s influence in the industry.
Strategic Cooperation One at a time
The global economy has not fully recovered from the pandemic, along with the current surge in inflation, which is having a negative impact on a company’s ability to allocate capital effectively to business plans. As the first and only commercial aerospace company in Hong Kong, HKATG has not let up since the beginning of the year, and the group has been actively expanding the direction of strategic cooperation. Earlier this year, the company signed a memorandum of understanding with the city’s 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 their determination and will to promote the internationalization of aerospace industry and aerospace applications and open up new industrial avenues Hong Kong Economy to fill the regional commercial gap in the space industry and take the development of the global aerospace industry to the next level.
With the advantages of the right place and the right place, HKATG will continue to seek competitive partners in the aerospace industry to improve it Hong Kong Status as an International Innovation and Technology Innovation Center as defined in the 14th Five Year Plan.
SOURCE Hong Kong Aerospace Technology Group