USPACE Technology Secures $21M Contract for Satellite Supply to TREEFAM

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

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