The USpace 100 Satellites Roadshow (Hong Kong Station) was successfully held

On 10-13 March 2025, the USPACE Technology Group Limited (USPACE) (stock code: 01725).HK) opened its Satellite Manufacturing Centre at the Tseung Kwan O Advanced Manufacturing Centre (AMC) in Hong Kong to the public to showcase the first batch of 100 mass-produced 6U-sized, 5m spatial resolution optical remote sensing satellites produced at the Centre since its grand opening ceremony on 25 July 2023.

Global Guests Gather for the Grand Event

The exhibition has attracted a large number of visitors from the Consulate Generals and Trade Commissions of countries from the Americas and the Caribbean, Europe, Asia and Africa, the offices of Hong Kong's Legislative Councillors, the Financial Services and the Treasury Bureau (including China Industrial Securities International Financial Group, Venture Smart Financial Holdings Limited (VSFG), and Taikang Asset Management Co., Ltd.), the technology and quality associations (including Hong Kong Association for the Advancement of Science and Technology, Hong Kong Quality Assurance Agency, Hong Kong Invention Association Ltd), Chambers of Commerce (including the Federation of Hong Kong Industries, the Hong Kong Chinese General Chamber of Commerce, the Hong Kong (SME) Economic and Trade Promotional Association, the Hong Kong International Economic and Trade Co-operation Council, and the Hong Kong Economic Trading International Association), Associations (including the Hong Kong Federation of Overseas Chinese Associations (HKFOCA)), the Hong Kong Family Mediation Association, as well as teachers and students from universities in Hong Kong (including the University of Hong Kong), amounting to near 100 guests.

From Preparation to Global Layout: The Rise of USPACE

USPACE was prepared for construction in Hong Kong in 2016, formally established in 2019 (then known as Hong Kong Aerospace Technology Group), established a strategic partnership with China Great Wall Industry Corporation (CGWIC) in 2020, through which advanced satellite integration, assembly and testing (AIT) equipment was introduced from Mainland China and overseas under procurement contracts, and successfully listed and started capitalisation operations on the main board of the Hong Kong Stock Exchange in 2021 through asset reorganisation. Listed on the Main Board of the Hong Kong Stock Exchange through asset reorganisation and started capitalisation operations. In 2020-2021, the worst period of the Covid-19 breakout, the Group began to and constructed a 200,000-square-foot Satellite Manufacturing Centre, Telemetry, Tracking and Command (TT&C) Center, and Satellite Data Application Centre in Tseung Kwan O of Hong Kong, including ISO 14644-1:2015 Class 7/100,000 clean rooms, and in 2022 carried out a full-scale set-up of the space-grade precision manufacturing facilities and equipment with the imported equipment. The grand opening ceremony of the satellite manufacturing center was held on 25 July 2023, with more than 160 representatives from space agencies, international and regional space organisations, agencies based in Hong Kong, research institutes and tertiary education institutes from 47 countries participating in the opening ceremony. At the same time, the Group has begun to globalise its operations and move into the international market, establishing friendly cooperative relationships with space agencies, enterprises and regional organisations in several prominent and emerging space-faring countries.

Deep Integration of Industrialization 5.0 and Satellite Technology

The reporter learnt that since it opened the Satellite Manufacturing Center, USPACE Board of Directors has attached great importance to the Group's core business development concept and has conducted many meetings to study it, committing itself to developing the Group into a comprehensive space science and technology enterprise integrating satellite design, production, operation and data application, and endeavouring to become an innovative pioneer in the global space industry. According to this concept and goal, the Board of Directors of the Group has put forward the bold development ideas and goals of being guided by industrial design, deep integration of industrialisation 5.0 and satellite technology (ST), producing 80% of satellite parts and components by the Group's design, and using the AIT Centre for batch assembly, integration and testing, to fundamentally reduce the cost of satellites by 80%, and combine the most common customer demands to achieve the shelfization, standardisation and productisation of satellite products. It will also combine the most common customer needs to realise the shelving, standardisation and productisation of satellite products, leading the universalisation and sustainable development of satellite technology, and contributing to the innovation of the global space industry.

Milestone Achievement of the First 100 Satellites

In the past two years, different professional teams of USPACE, including the top management team, the experienced group for satellite component design and production, the skilled and technical group for satellite industrialisation design and AIT, and the professional group for international cooperation and market development, have been working together and have completed the first batch of 100 satellites by pooling their wisdom and public relations, overcoming the difficulties and joint efforts with the help of its partners, all walks of life, investment institutions at all levels, investors and shareholders, and have completed the independent design and production of 80% of the component parts of the 5m optical resolution 6U satellites, and introduced matching optical lenses from abroad (which cannot be produced independently at present) and recently completed the assembly of the sub-systems and the entire  100 satellites, thus demonstrating to the public this vital milestone achievement.

Future Outlook: Global Satellite Constellation Plan and Market Dominance Goals

The guests visited USPACE's Satellite AIT Centre, TT&C Center and the 100 satellites and core components on display, and warmly congratulated USPACE for its achievements, and believed that USPACE's development concepts and bold practices in the industrialised design of satellites, the independent production of components, the use of the AIT Advanced Manufacturing Centre for mass production, and the development of products from satellite customisation to standard shelf products are an essential foundation and initiative that can truly benefit all humanity. The development concept and bold practice of USPACE is a necessary foundation and initiative for satellite technology to help all humanity truly. It is expected that USPACE will take the current achievements as an opportunity to continue its efforts in achieving the goal of reducing the price of the whole satellite to 20 per cent of the average cost of the international market, and reaching the goal of a satellite with a smaller volume, better structure and better quality and functionality using the industrialisation of the satellite design to make an essential contribution to the sustainable development of socio-economic development of various countries and make a significant contribution to the social and economic development of different countries. It is believed that it will not be long before USPACE achieves the goal of profitability.

Guest Messages

At the same time, the reporter learned that USPACE is fully committed to building a constellation of 6,000 satellites covering the Middle East and Africa, in collaboration with relevant parties, with deployment scheduled to be completed by 2030. The constellation will provide world-leading communications, remote sensing and data services to empower regional digital development and bridge the technological divide. The Group expects to become the world's largest manufacturer of 5-metre resolution satellites with 90 per cent of the global market in 2026, to top the global 1-metre resolution satellite market with 90 per cent of the worldwide market in 2027, and to dominate the manufacture of ultra-high resolution satellites in the 0.5-metre to 0.3-metre range with 90 per cent of the worldwide market in 2028.

USPACE will continue to be driven by innovation and Industrialization 5.0, advancing towards a leading position in the global space industry.