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Greenpro Incubated Company Angkasa-X Collaborates with Penang E&E Companies to Establish ASEAN Space Economy
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 1, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its incubated company, Angkasa-X, has signed
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 1, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its incubated company, Angkasa-X, has signed Memorandum of Understandings (MoUs) with nine Penang prominent electrical and electronics (E&E) companies, witnessed by Penang Chief Minister Chow Kon Yeow. This collaboration focuses on SpaceTech industry in the aspect of production costs reduction and high-end technology infrastructure development.The nine companies are HP Malaysia Manufacturing, Texchem (M) Sdn Bhd, Swift Bridge Technologies Sdn Bhd, Cortex Robotics Sdn Bhd, Mechmodule Technology Sdn Bhd, Lingtec Instruments Sdn Bhd, GSH Precision Technology, AzPower Sdh Bhd and LBSB Sdn Bhd.https://www.bernama.com/v2/en/news.php?id=2054219According to the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia, the implementation of the Space Policy 2030 is expected to contribute at least USD760 million or 0.3 per cent to the Gross Domestic Product (GDP) of Malaysia.The chairman of Angkasa-X, Dr Sean Seah said, \"This will be the start of the satellite manufacturing and data-driven sectors working together in support of the government's mandate towards the National Space Policy 2030.\"Greenpro owns 28 million shares in Angkasa-X and is planning to list the company via an IPO on a U.S. exchange in the coming months.Greenpro CEO, Dr.Lee said, \"We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.\"About ANGKASA-XANGKASA-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, technology & components sourcing, assembly-integration-testing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN. Angkasa-X's mission is to provide satellite internet-connectivity and other services to remote rural areas in the countries in ASEAN and neighbouring countries to establish ASEAN Space Economy via the formation of ASEANLINK LEO Satellites Constellation. Angkasa-X plans to raise funds from the global ca...