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An announcement from Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) is now available.
USPACE Technology Group Limited has signed a contract with TREEFAM Holdings L.L.C-FZ to supply 600 remote sensing satellites for a total contract price of $21 million, to be delivered over three years. This agreement is expected to bolster USPACE’s brand influence and business expansion in the high-resolution remote sensing satellite market, supporting TREEFAM in applications such as agricultural monitoring and urban planning.
More about Hong Kong Aerospace Technology Group Limited
USPACE Technology Group Limited is a global innovative industrial satellite manufacturer with a core focus on integrating Industrial 5.0 principles with satellite technology to enhance production efficiency and product competitiveness. The company operates extensive aerospace-grade precision manufacturing facilities and is involved in satellite system design, manufacturing, component production, and operation.
YTD Price Performance: 12.50%
Average Trading Volume: 4,375,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$499M
See more insights into 1725 stock on TipRanks’ Stock Analysis page.