PR84607

HONG KONG,June 30,2020/PRNewswire=KYODO JBN/--

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).

www.hkatg.com

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.

Contact:

Shirley/+852-25796006

SOURCE:  Hong Kong Aerospace Technology Group