USPACE to Supply 600 Satellites to UAE Firm for $21 Million

MT Newswires Live02-18

USPACE Technology (HKG:1725) will supply 600 satellites to TREEFAM for $21 million, according to a Monday filing with the Hong Kong Stock Exchange.

The company will deliver the 5-meter spatial resolution remote sensing satellites to the Dubai, United Arab Emirates-based company within three years, the filing said.

The satellites will be used for remote sensing data applications such as agricultural monitoring, environmental protection, and urban planning, according to the satellite company.

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