USPACE Technology Group Limited and the Egyptian Space Agency have signed a comprehensive strategic cooperation agreement on May 23, 2024. The two parties will establish a joint space technology laboratory in Abu Dhabi Space Eco City. The laboratory will conduct technical research in various areas, including overall design of intelligent satellites, design, construction, and application of smart constellations, and advanced satellite production and manufacturing processes. The aim is to enhance the autonomy and operational lifespan of satellites, as well as reduce the costs associated with production, manufacturing, and operational maintenance of satellites.
The joint space technology laboratory will be located in the core space park of the first phase of the Abu Dhabi Space Eco City, which is being developed in the United Arab Emirates. The proposed laboratory will leverage advanced satellite design and manufacturing technologies to promote the commercialization of research and development achievements. USPACE Technology Group Limited will continue to gather intelligent technology expertise in the space hub field and is committed to empowering the space industry with advanced intelligent technologies, thus improving the autonomous operation and management capabilities of future space systems.
On 6 September 2024, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia, and his delegation paid a visit to USPACE Technology Group Limited (USPACE). The delegation learned about the overall progress of USPACE business and visited in detail the satellite manufacturing center, satellite operation center, and data application center.
On September 3, 2024, at the invitation of Dr Sherif, Chair of the United Nations Committee on the Peaceful Uses of Outer Space and Director General of the Egyptian Space Agency, Mr. Sun Fengquan, Chairman and CEO of USPACE, attended the New Space Horizons Conference 2024 as an important guest.
On August 30, 2024, USPACE Technology Group Limited (USPACE) and Zijing International Energy (HK) Company Limited (Zijing International) signed a Memorandum of Cooperation for the development of the Abu Dhabi Space Eco-City Green Energy Project. According to the memorandum, both parties will fully leverage Intercontinental Aerospace's platform resources to jointly develop photovoltaic projects in the Abu Dhabi region and the green energy project within the Abu Dhabi Space Eco-City. USPACE will be responsible for liaising with local government authorities, completing the necessary approval processes, and conducting global market engagement and expansion. Zijing International will participate in the investment of green energy projects, provide comprehensive consulting services, and offer engineering and construction services for subsequent projects.