As an important part of Hong Kong's "Re-industrialization" Strategy, Hong Kong Aerospace Technology Group (01725.HK) unveils its satellite Intelligent Manufacturing Center at the 14th Airshow China, setting the scene for the official opening of Hong Kong's first satellite production line.
Located at the Advanced Manufacturing Centre (AMC) in Tseung Kwan O INNOPARK, with a total area of approximately 180,000 square feet, the Hong Kong Satellite Intelligent Manufacturing Centre is undergoing renovation stage and is expected to be fully operational by the second quarter of 2023. The design manufacturing capacity of the Center is up to 200 satellites and spacecrafts under 1,000 kg per year, covering multi-category satellites for communication, navigation, and remote sensing purposes. It can also accommodate flexible production, design-and-build satellite projects, automated testing, intelligent monitoring and control of satellites, and other function needs such as establishing hybrid production lines of different types of satellites.
The core business of HKATG, the first commercial space enterprise listed on the mainboard of Hong Kong Stock Exchange, consists of satellite constellations and satellite precision manufacturing. The company focuses on R&D in cutting-edge high-end space products, including optical remote sensing satellites, SAR radar satellites, laser communication satellites, IoT satellites, carbon satellites and their payloads. HKATG strives to take the lead in transforming Hong Kong's precision manufacturing industry, accelerating the development of local satellite industry and empowering Hong Kong's re-industrialization process.
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