Hong Kong Aerospace Technology Group (HKATG) has announced it plans to launch its first satellite, Golden Bauhinia No. 1, a low-orbit, high frequency satellite, in June from China, the company said.
The planned launch marks an important milestone in the company´s Golden Bauhinia space remote sensing project.
The 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 USD 277.4 billion in 2018 and is expected to increase 10 percent per year.
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.
Hong Kong Aerospace Technology Group (HKATG) was established in July 2019 as the first aerospace business group in Hong Kong-based on the aerospace industry chain of satellite remote sensing, satellite manufacturing, satellite navigation, satellite communications and satellite remote sensing ground receiving stations.