SILKWAVE INC (00471) Forges Strategic Alliance with Hong Kong Satellite TV to Jointly Develop Satellite Media Market

Stock News04-21 06:28

SILKWAVE INC (00471) announced that on April 20, 2026 (after trading hours), the company entered into a framework strategic cooperation memorandum with Hong Kong Satellite TV International Media Group Limited in Hong Kong. The two parties aim to jointly expand the satellite media market by leveraging the group's satellite communication transmission technology and Hong Kong Satellite TV's media content resources. According to the memorandum, the collaboration will focus on several key areas: 1. Satellite-connected multimedia services: Integrating Hong Kong Satellite TV's high-definition video content into the group's connected systems to co-develop live television applications for vehicles. 2. "Satellite + 5G" media content distribution: Utilizing satellite broadcasting to offload popular live content during periods of 5G network congestion. 3. Overseas and ASEAN market expansion: Leveraging the group's satellite network coverage along the Belt and Road initiative to promote integrated media services and expand the presence of new Chinese media platforms in Southeast Asian markets. 4. Emergency broadcasting and public services: Prioritizing the dissemination of public service and emergency information produced by Hong Kong Satellite TV via satellite channels during critical situations.

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