HKST

Strategic partnership with Space Logistics Market Leader

Retrieved on: 
Friday, September 30, 2022
MOU, Group, Shenzhen-Hong Kong Stock Connect, DHL, COVID-19, Company, Growth, Intellectual property, Partnership, Industry, Technology, HK, Shenzhen, Solution, HKST, Transport, AIRBUS, FY, Starlink, LEO, ADR Institute of Alberta, ION, Communications satellite

HONG KONG, Sept. 30, 2022 /PRNewswire/ -- Hong Kong Aerospace Technology Group Limited (HKATG; 01725. HK) has recently been making waves with its corporate plans, its global profile has been growing since its inclusion as an eligible stock of the Shenzhen-Hong Kong Stock Connect, the issuance of ADRs, and the appointment of several world-class experts as the Company's independent non-executive directors and executive directors.

Key Points: 
  • The MOU is valid for one year and the strategic partnership will remain in place until either party gives written notice.
  • AIRBUS,the European multinational aerospace corporation, and DHL, a global leader in logistics, are even dreaming of taking the logistics business to the skies, which drives the demand for low-orbit satellites.
  • With the emergence of satellite constellations, space logistics is an emerging niche market, and the transition of logistics giants into 'space', which involves identifying, designing, and developing solutions for space logistics activities, typically takes 10 to 15 years, meaning that D-Orbit and HKST Group are likely to become a cross-generational partnership that will boost the company's revenues and prospects.
  • According to the report of Euroconsult that the space logistics market is expected to reach a market value of US$4.4 billion by 2031, driven by low-cost launches and growing demand for satellites.

Rival of Starlink? HKATG Is Getting Ready For Its Golden Bauhinia Constellation

Retrieved on: 
Thursday, February 24, 2022
Constellation, HKST, Space, Employment, Bloomberg, City, International Astronautical Federation, Growth, Group, European Commission, Communications satellite, Internal Market Information System, Commissioner, WTO, Attention, Economic development, Space Foundation, Solution, Internal, The Space Report, Renewable energy, Video game, EU

HONG KONG, Feb. 24, 2022 /PRNewswire/ -- HKATG has successfully launched five satellites for its ''Golden Bauhinia Constellation'' in 2021, the aerospace development plan shows no sign of slowing down in 2022.

Key Points: 
  • HONG KONG, Feb. 24, 2022 /PRNewswire/ -- HKATG has successfully launched five satellites for its ''Golden Bauhinia Constellation'' in 2021, the aerospace development plan shows no sign of slowing down in 2022.
  • In January 2022, HKST announced that the Group has planned to launch two satellites named ''Golden Bauhinia Satellite No.
  • 4'' in 2022 Q3, with the target launch time tentatively being scheduled in July 2022 and will continue to form and constitute part of the "Golden Bauhinia Constellation''.
  • It's worth noticing that "Golden Bauhinia Constellation'' is the first-star chain plan of the Hong Kong aerospace industry, the whole project plans to launch 112 satellites.