HONG KONG, June 30, 2020 /PRNewswire/ -- In the 21st
century, the rapid development of international commercial
space industry is recognized as one of the most innovative and
explosive industries. As the first commercial organization
member of the International Astronautical Federation (IAF) in Hong
Kong, the Hong Kong Aerospace Technology Group, Ltd.
(HKATG) is committed to launching the "Golden Bauhinia"
low-orbit satellite constellation as the industry core, focusing on
the layout of regional space satellite big data services, building
space industry infrastructure, serving regional aerospace
commercialization needs, promoting marketization of space
technology, and making up for regional commercial gap in
the space industry of the Greater Bay Area.
Recently, based on the principle of equality and mutual
benefit, HKATG has signed a strategic partnership
cooperation agreement with China Great Wall Industry
Corporation (CGWIC). CGWIC is the only commercial
organization authorized by the Chinese government to operate
commercial launches, provide satellites and carry out international
space technology cooperation, while providing professional
personnel training and other aerospace system integration
services as well as carrying out international operations
and professional services for aerospace technology application
products.
The cooperation includes joint development of the Golden
Bauhinia constellation system design, satellite design,
research and development, testing, launch and in-orbit delivery.
HKATG will purchase the Golden Bauhinia series of
low-orbit satellite systems, supporting ground facilities and
related services from CGWIC. In addition, the two sides will
conduct in-depth cooperation in commercial deep space exploration,
data application services and product promotion, space talent
training and capacity-building, etc. This cooperation is an
important milestone for HKATG to pioneer international
commercial satellite business, and it will use its strategic
partner's commercial space channels and international
advantages to jointly develop the extremely high-end market, laying
a solid foundation for HKATG to become an advanced
international space enterprise.
About HKATG
Founded in September 2019 by
eleven of the world's leading aerospace scientists and HKFIHG,
HKATG is the first commercial aerospace enterprise in
Hong Kong. In November 2019, it became the first organization
member recognized by International Astronautical Federation
(IAF).
About CGWIC
Founded in 1980, CGWIC is a commercial agency authorized by the
Chinese government to provide commercial launch, satellite systems
and space technology cooperation, and is a wholly-owned subsidiary
of China Aerospace Science and
Technology Corporation. Committed to the
internationalization of China's space industry, it has developed into
a space products and services system integrator.
Please check out www.hkatg.com for more information.
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SOURCE Hong Kong Aerospace Technology Group