Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, June 30 2020 - 22:22
HKATG and CGWIC signed a strategic partnership cooperation agreement
HONG KONG,June 30,2020/PRNewswire-AsiaNet/--

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.


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.



SOURCE:  Hong Kong Aerospace Technology Group