SILKWAVE INC (00471) Enters Strategic Space and Satellite Collaboration with SolsticeX via Memorandum of Understanding

Stock News04-16

SILKWAVE INC (00471) announced that on April 16, 2026, the company entered into a memorandum of understanding with SolsticeX Holdings Limited (SolsticeX) concerning a strategic collaboration in the space and satellite sectors. SolsticeX is an investment holding company incorporated under Hong Kong law, focusing on multimedia broadcasting, satellite, and wireless transmission services. The company is active in the ASEAN market and engages in activities related to space technology, satellite manufacturing, ground segment operations, and data analysis. SILKWAVE INC is a company engaged in the satellite data business. The board of directors believes that if the proposed collaboration is implemented, it will combine the resources and expertise of both parties in the field of satellite communications and space technology, helping the group to further expand market opportunities, particularly in the ASEAN market. Therefore, the board considers the signing of the memorandum to be in the overall interests of the company and its shareholders. Both parties intend to explore and develop commercial cooperation, market opportunity development, and financing arrangements related to the satellite and space sectors. They have agreed to assess each other's business value and quantify the benefits of cooperation. Within 90 days from the effective date of the memorandum, both parties have agreed to appoint professionals for exclusive negotiations regarding the collaboration.

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