Hong Kong Aerospace Technology
Group Prepares to Launch their First Satellite "Golden
Bauhinia No.1"
April 3, 2020
Hong Kong Aerospace Technology
Group announced it aims to launch the "Golden Bauhinia
No.1" low-orbit high frequency satellite in June from
China. The planned launch marks an important milestone
in the company's "Golden Bauhinia" space remote sensing
project.
The rapid development of
international commercial aerospace makes it one of the
most dynamic industries after the Internet, AI and 5G.
According to the US Satellite Industry Association
(SIA), commercial aerospace revenue was US$277.4 billion
in 2018 and is expected to increase 10 percent per year.
Humanity is shifting from needing
an aerospace industry to dependency; with the strategic
and commercial value of space infrastructure becoming
ever more apparent. As the modern aerospace industry
takes shape, the value of orbit and spectrum base
resources will become highly sought-after "space real
estate."
The strategic value of the
aerospace industry has driven investment into commercial
aerospace organizations in Europe and America; with the
market value of commercial aerospace enterprises listed
in the US continually reaching new heights.
HKATG is the first International
Astronautical Federation's member in Hong Kong. Mr. SUN
FENGQUAN, Chairman of the Board of Directors of HKATG,
said "the Greater Bay Area aerospace industry generates
tens of billions of dollars in demand each year. The new
development direction of HKATG is centred on regional
urban agglomeration, and launching the "Golden Bauhinia
Constellation."
Using mobile target monitoring,
space AI and dynamic change monitoring, the "Golden
Bauhinia Constellation" aims to achieve commercial
application and development of communications,
navigation, and remote sensing systems with global
24-hour online tracking and the ability to re-visit key
areas in under 30 minutes.
The "Golden Bauhinia" project aims
to launch 165 low-orbit, high-frequency satellites in
2020 covering the Guangdong-Hong Kong-Macao Greater Bay
Area and serve the world's fastest-growing urban
centres. The satellite to relaunched in June was
designed, manufactured and patented by HKATG.

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