SILKWAVE INC (00471) Jumps Over 19% Following Recent MOU with Altura for Strategic Collaboration in Industrial Drone Sector

Stock News10-22

Shares of SILKWAVE INC (00471) surged more than 19%, reaching HK$0.118 as of press time, up 19.19%, with a turnover of HK$351,800.

On the news front, SILKWAVE INC recently announced that the company has entered into a memorandum of understanding (MOU) with Altura UAV Co., Ltd. (Altura) concerning deep collaboration in the research and development, manufacturing, application, and market expansion of industrial-grade drones.

The board believes that if the proposed cooperation materializes, it will combine the resources and expertise of both parties in satellite communications and industrial-grade drones, enabling the two sides to form synergies in the following areas.

Altura is an investment holding company established under Thai law, specializing in the research and development, production, sales, and servicing of industrial-grade drone systems as a high-tech enterprise. Its products cover VTOL fixed-wing, hybrid heavy-lift, logistics and transportation, agricultural plant protection, and emergency rescue series, along with supporting smart hangar systems and various mission payloads.

Its flagship products include AT-V12, AT-V30, and AT-V50E/H, featuring long endurance, large payload capacity, high reliability, and rapid deployment, and are widely used in surveying and mapping, inspection, logistics, agriculture, and emergency rescue.

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