Space Technology Industry Park will Set Foot in Shantou Hi-tech Zone

On the afternoon of February 24, Shantou and China Academy of Space Technology (CAST) signed the strategic cooperation framework agreement. According to the agreement, a "Space Technology Industry Park" is to be built in Shantou Hi-tech Zone as a space technology transformation base and a space technology application industrialization base, forming the space technology industry cluster and becoming the importance engine for the development of Shantou's strategic emerging industries.

CAST is the most powerful backbone for China's space undertaking. China Spacesat Co., Ltd. is its listed company. Li Kaimin, Chairman of the Company, expressed that based on the regional advantages of Shantou and CAST's accumulation of high new technologies and products, the Space Technology Industry Park will certainly be able to become a demonstration park for national technology innovation, achievement transformation, product development, and service application by setting foot in Shantou and facing the west side of the straits with driving and radiation effects.

Source:Shantou Daily, Feb 25, 2011