HONG KONG , April 3, 2020 (HKATG PR) — Hong Kong Aerospace Technology Group (HKATG) announced it aims to launch the “Golden Bauhinia No.1” low-orbit high frequency satellite in June from China . The planned launch marks an important milestone in the company’s “Golden Bauhinia” space remote sensing project.

The rapid development of international commercial aerospace makes it one of the most dynamic industries after the Internet, AI and 5G. According to the US Satellite Industry Association (SIA), commercial aerospace revenue was US$277.4 billion in 2018 and is expected to increase 10 percent per year.