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USPACE Technology Group’s First Test Satellite Manufactured for Brazil’s Alya Space Successfully Leaves the Production Line

Published

5 months ago

June 13, 2024

Marking a New Phase in Satellite Manufacturing and Departure from Production Line

Manufacturing Capabilities Gain International Recognition

HONG KONG, June 13, 2024 /PRNewswire/ — USPACE Technology Group Limited (“USPACE ” or “the Group”; Stock Code: 1725.HK) is pleased to announce that the Group’s first test satellite of Alya-1 Satellite Constellation for Brazil’s Alya Satélite e Produção de Fotografias Aéreas Limitada (“Alya Space“) successfully finished factory test and left the production line, which also represents inaugural satellite’s departure from production line of USPACE. This marks a significant milestone for USPACE as it evolves from pioneering research and development to full-scale production and departure from production line, laying a solid foundation for further expansion of its international aerospace business.

In October 2023, USPACE signed a US$675 million worth contract with Alya Space, with scope of services including manufacturing of 108 earth observation satellites for the Alya-1 Satellite Constellation. The test satellite’s departure from the production line represents the first test satellite of the Alya-1 Satellite Constellation to be verified and is specifically engineered for partial technical validation of its functionalities. Upon successful verification, the Group will proceed with the manufacturing of the remaining 108 satellites, underscoring the global acknowledgment of USPACE’s satellite manufacturing prowess and adherence to quality standards.

Alya Space has successfully registered the orbital frequency for its satellite constellation with the International Telecommunication Union (ITU), and the test satellite is scheduled for launch in the fourth quarter of 2024. Furthermore, the Group has supplied Alya Space with monitoring image data of the Amazon rainforest and will continue to provide long-term monitoring data for the Amazon region under the terms of the contract, thereby contributing to environmental conservation efforts.

USPACE’s globalization strategy continues to make significant strides, including active advancement in the construction of the Abu Dhabi Space Eco City in the United Arab Emirates. Based in Dubai and Hong Kong, China, the Group has signed a master procurement agreement with the Asia-Pacific Space Cooperation Organization (APSCO). The Group also plans for a dual listing in the Middle East. Additionally, the Group has added Nathan Whigham, a prominent investor and financial expert known for his involvement with SpaceX, and Shaikh Mohammed Maktoum Juma Al-Maktoum, a member of the Dubai royal family, to its board of directors.

Ms. Aila, Chairwoman of Alya Space said, “We are highly satisfied with the test satellite manufactured by USPACE and the data monitoring services it provides. The test satellite’s successful departure from production line marks a significant step forward in our satellite constellation project’s development.”

Mr. Sun Fengquan, Chairman and CEO of USPACE expressed, “We are pleased to collaborate with Alya Space to depart our first satellite from production line. We look forward to expanding our cooperation further and achieving mutual benefits.”

In 2023, USPACE successfully completed the construction of Hong Kong’s first satellite AIT centre of approximately 20,000 square metres. With a parallel development capability of satellite for communication, navigation, remote sensing and SAR, the AIT centre can produce up to 200 satellites per year ranging from 10 to 1,000 kilograms.

About USPACE Technology Group Limited (USPACE)
USPACE Technology Group Limited (USPACE) is Hong Kong’s first commercial aerospace enterprise focusing on satellite constellation engineering and precise satellite manufacturing. USPACE owns five technology centers and manufacturing bases, including a satellite manufacturing center, a space environmental monitoring center, a satellite telemetry, tracking and control center (TT&C), a center for satellite data application and a precise electronic manufacturing center. USPACE’s core business consists of several operations, including satellite constellation engineering, satellite data application, satellite design and manufacturing, satellite assembly and testing, satellite payload selection and specification, satellite TT&C service, printed circuit board assembly (PCBA) and electronic manufacturing, and the launch of satellites.

For further information, please visit https://www.uspace.com/

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Latest News

COCA Celebrates Q2 2024 with Record-Breaking Milestones and New Launches

Published

4 months ago

August 7, 2024

CISION (PR Newswire)

HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.

Launch of Physical Cards

COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.

Wallet Growth Milestone

The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.

Transaction Volume Surge

In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.

Integration with Revolut

COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.

Award Recognition

COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.

New Strategic Partnerships

COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.

Welcoming Pavel Matveev

COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.

Season 2 Point System Launch

Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.

NFT Giveaway

In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.

For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.

Website: coca.xyz

COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

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Latest News

Stake and Earn with KuCoin’s Innovative GemPool Platform

Published

4 months ago

August 7, 2024

CISION (PR Newswire)

VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.

GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.

Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.

For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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Latest News

Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning

Published

4 months ago

August 7, 2024

CISION (PR Newswire)

DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.

Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.

In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.

On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”

Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”

Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests

About Trust Wallet

Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.