Malaysia Spacetech Aspirations Taking O With Spacetech Hub Creation

MALAYSIA SPACETECH ASPIRATIONS TAKING OFF WITH SPACETECH HUB CREATION

Angkasa-X Signs MoUs with E&E manufacturing companies from Penang.

Malaysia is keen on exploring and developing SpaceTech in recent years. While the government has expressed its commitment to rolling out the National Space Policy 2030, the industry is looking into reducing production costs, developing highend technology infrastructure and spurring the local industry’s capabilities.

Seeing this opportunity, E&E manufacturing companies from Penang has signed MoUs with Angkasa-X, collectively as the Founding Members of the Malaysia SpaceTech Hub, to bolster crosssector cooperation in the eld of space technology.

Malaysia SpaceTech-Hub aims to congregate the manufacturing industry players that are like-minded to come together and paves multiple opportunities for other sectors of the industry to collaborate and exchange expertise.

Chairman of Angkasa-X Dr Sean Seah says, “The Malaysia SpacetechHub is aimed at enhancing the industry’s capabilities in space technology manufacturing, data research, data analytics and innovation in big data processing, boosting the growth of local industrial sector players. This formation will be the start of the satellite manufacturing and data-

driven sectors working together in support of the government’s mandate towards National Space Policy 2030.”

The MoU signing is partly driven by the Government’s support for the infrastructure development of SpaceTech in Malaysia. Currently, the government has developed an advanced space technology infrastructure that meets international standards with its satellite installation, integration and testing facilities which includes a satellite mission control facility and a remote sensing satellite ground station, located in Banting and Temerloh.

If done right, the SpaceTech sector may ful l the target GDP contribution of RM3.2billion and potentially 5,000 jobs created in the next 10 years through the implementation of the National Space Policy 2030 (NSP2030).

According to SpaceTech Global Report in 2021, the global SpaceTech industry is expected to generate revenue of $10T in 2030.

The E&E companies in Penang will form the backbone of SpaceTech in the country and will be working closely with Angkasa-X to develop and enhance the SpaceTech ecosystem. Each company will bring its expertise and collaborate to realise the nation’s SpaceTech aspirations.

Chief Minister of Penang, Chow Kon Yeow, witnessed the MoU signing ceremony. Other guests at the event include senior representatives from MYSA, MDEC, MIDA and USM.

“We are certainly proud of this formation as it will spur more opportunities for the local industry to be part of an exciting new journey. This is in line with our wish to diversify investments beyond the traditional electrical and electronics (E&E) industry in Penang, and expand job opportunities whilst attracting more foreign investments. I hope the Malaysia SpaceTechHub will gather more interests and involvement amongst the industry players that see potential in SpaceTech,” added Chow.

The E&E companies that signed with Angkasa-X are as follows:

1. Swift Bridge Technologies Sdn Bhd 2. Cortex Robotics Sdn Bhd 3. MechModule Technology Sdn Bhd 4. Lingtec Instruments Sdn Bhd 5. HP Malaysia Manufacturing 6. GSH Precision Technology 7. AzPower Sdn Bhd 8. Texchem (M) Sdn Bhd 9. LBSB Sdn Bhd