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Kuang-Chi Near Space Test Flight Set For 2016,

Nan Yang

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Kuang-Chi Near Space Test Flight Set For 2016, R&D Center Open in Haikou
2016-09-09

Kuang-Chi Group, a Shenzhen-based technology conglomerate, has announced that Traveler II Beta will carry animals into near space during a test flight this year. The announcement came during the opening ceremony of the company's research center for near space technologies in Haikou, Hainan, China's southernmost province.


Founded in 2010 and headquartered in Shenzhen, China, Kuang-Chi is a company focused on the development of future technologies. Originating as a five-person team, the company has created a Global Community of Innovation of more than 2,400 employees in 18 countries and regions.

Kuang-Chi's subsidiary company KuangChi Science Limited (00439.HK) is concentrated on the development of future technology and conducts R&D of different disruptive technologies such as future space exploration and artificial intelligence. On August 31, the company announced the interim results for the six months ended June 30, 2016, with a turnover of approximately HKD 312 million, representing a significant increase of 461.77% over the same period last year and a profit of approximately HKD 105.53 million. Of the revenue, the Cloud, a space platform that provides integrated services, including internet access, data collection, and data analysis, as well as other communication services and is the group's first commercialized product, accounted for HKD 284.73 million. The company's market value grew to nearly HKD 17.3 billion these days.


http://www.kuang-chi.com/en/index.php?ac=article&at=read&did=1091
 
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