PENANG, MALAYSIA – Media OutReach<\/a> – 11 August 2021 –\u00a0<\/b>The
\u00a0 Its executive chairman and CEO Dr Sean Seah said that Angkasa-X,
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Silkwave is a subsidiary of CMMB Vision Holdings Limited (HKEX:471)<\/a>
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Sean said that the Penang space technology ecosystem would also encompass key satellite industries and academic institutions, with a
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“In our efforts to further boost the space technology ecosystem
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He was speaking after a Memorandum of Understanding
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Penang chief minister Chow Kon Yeow described the
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“Penang’s strong talent pool has long been a key driver in the
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“Penang has attracted strategic investments in the past years,
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From Jan-2019 to Mar-2020, Penang attracted RM24 billion of
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Particularly, Penang FDI accounted for 34% of Malaysia’s total FDI
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This GEO-LEO integrated satellite platform serves to
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GEO satellites circle
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“This partnership is set to accelerate the ASEAN
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Although the 11 ASEAN countries today has a population
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“Even in most cities, Internet access is widely
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“The inadequate Internet service is a major bottleneck
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Besides building a GEO-LEO converged satellite
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Both companies would also be marketing the combined
Under the MoU, Angkasa-X and Silkwave are also aiming
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“The partnership is the first between a
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“It is set to usher in a new era of
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\nAngkasa-X Group of Companies<\/a> (Angkasa-X)
\nhas announced plans to transform Penang into a regional space technology ecosystem
\nhub to further foster local innovation, technology transfer while also enabling
\njobs and opportunities throughout Malaysia.<\/p>\n
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<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/168931\/ANGKASA-X.jpg#image-168931\")
<\/p>\nAngkasa-X
\nchairman & CEO Dr Sean Seah (centre) with Silkwave and CMMB chairman & CEO
\nCharles Wong (left) and Bank of Asia founder & chairman Carson Wen (right).<\/span><\/h5>\n
\nin partnership with Silkwave
\nHoldings Limited (Silkwave)<\/a>\u00a0that
\ncurrently operates two GEO-satellite platforms, is set to establish a space technology ecosystem in Penang and to nurture the
\nstate into a supply chain and distribution hub for global satellite
\ntechnologies for the ASEAN markets. <\/p>\n
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\nthat is traded on the Hong Kong Stock Exchange and which engages in the
\nprovision of media and transmission services (CMMB).<\/p>\n
\n
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\nfocus on research and development, coupled with intellectual property creation
\nof next-generation satellite technologies and applications customised
\nspecifically for ASEAN.<\/p>\n
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\nin Penang, we would also be seeking support from Hong Kong to recruit global
\nsatellite technology providers to establish their research and development and localisation
\ncentres in Penang for low-tariff market access to other ASEAN countries,” said
\nSean.<\/p>\n
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\n(MoU) between Angkasa-X and Silkwave to establish
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\njoint-venture strategic partnership to develop the world’s first Geostationary (GEO)<\/em> <\/em>– Low-Earth-Orbit (LEO) integrated satellite network and service platform for
\nASEAN communities. <\/p>\n
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\npartnership as an ‘innovative breakthrough’ for the state: “I would like to
\ncongratulate both Angkasa-X and Silkwave for this collaboration which is
\nexpected to further elevate the liveability stature of Penang,
\none of the key goals of Penang 2030.”<\/p>\n
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\nstate’s success in attracting strategic investments, especially in selected
\nniche industries,” said Chow.
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\nwhich translated into creating thousands of high-quality job opportunities.
\nWith this strategic effort to transform Penang into a regional space technology
\necosystem hub, it is set to attract more FDIs (foreign direct investments) into
\nPenang,” added the chief minister.<\/p>\n
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\nmanufacturing investment inflows, out of which, 90% are from the electrical and
\nelectronics, equipment and medical technology industries. <\/p>\n
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\nduring the period, underscoring the State’s role in driving the country’s
\nparticipation in the global supply chain, as well as MNCs’ continued confidence
\nin the state as a conducive and sustainable investment destination. <\/p>\n
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\naddress the region’s varying needs in Internet connectivity, multimedia
\ninfotainment, vehicle-connected services, precision tracking and navigation,
\nenvironmental monitoring and surveillance, and accelerating digital
\ntransformation to grow the digital economy for all communities in the ASEAN
\nregion.<\/p>\n
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\nthe Earth above the equator following the Earth’s rotation at an altitude of 35,786
\nkm, while LEO satellites are normally rotate in Earth orbits of around 1,000 km
\nbut could be as low as 400 km above the surface of the earth. <\/p>\n
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\ncountries into becoming full-fledged and advanced digital economies, while
\nenabling Angkasa-X and Silkwave to become ASEAN’s first GEO-LEO satellite
\nservices operator through the ‘A-SEANLINK Satellite Constellation’,” said Sean,
\nwho also serves as the deputy chairman of both the Malaysian National Tech Association
\n(PIKOM) and The World\u00a0 Information
\nTechnology and Services Alliance (WITSA).<\/p>\n
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\nestimated at 675 million people, it is estimate that over 50% or some 350
\nmillion people living in remote rural areas have inadequate or no Internet
\nconnectivity. <\/p>\n
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\nunder-provided, as it is plagued by insufficient bandwidth, high infrastructure
\ncost, poor coverage, and expensive data charge,” said Silkwave chairman and CEO
\nCharles Wong.<\/p>\n
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\nhindering the region’s digital economic transformation. Satellite Internet is
\nseen as the most effective and ease to deploy solution to alleviate such
\nproblems and to further narrow the digital divide with developed countries,”
\nadded Charles, who is also chairman and CEO of Silkwave’s parent company CMMB.<\/p>\n
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\ninfrastructure to provide Satellite-As-A-Service (SAAS) to ASEAN countries, the
\npartnership would also result in deploying trial satellite-service rollout in
\nMalaysia to accelerate regional commercial rollouts.<\/p>\n
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\nproducts and services under a joint service provider agreement to effectively
\npenetrate the ASEAN economies.<\/p>\n
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\nto create the ASEAN-Greater Bay Area Space-Satellite Industry Alliance to
\naccelerate technology and investment transfer to develop the ASEAN region as
\none of the world’s largest satellite markets.<\/p>\n
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\nGEO and a LEO platform, which will bring about unprecedented synergies such as
\nuniversal connectivity along with abundant low-cost and innovative infotainment
\nand broadband data services to mass-market consumers throughout the ASEAN
\nregion,” explained Charles.<\/p>\n
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\ndigital transformation for ASEAN, which see the region leapfrog into becoming
\none of the largest and most advanced satellite service markets in the world.”<\/p>\n
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