A Noble Endeavour

Once in a while someone comes up with a noble endeavour like this one – to make internet available to all, regardless of their location. Regular Malaysians can be a part of this effort through an equity crowdfunding (ECF) exercise that promises good returns on their investment.

It is so easy for us to surf the Internet, get on social media, buy and sell things online that we sometimes forget, due to their location, some Malaysians are unable to have a stable network what more any Internet connectivity.

Those in the remote areas such as on far off islands, on highlands deep inland, offshore oil rigs and if you go out of your way off the beaten track, these areas often have patchy, slow or zero Internet access. Even if there are communities living in these areas, on the roughly 30,000 islands dotting the Southeast Asian region, it makes no practical sense for a telecommunications provider to roll out cables right to their doorsteps.

In these areas, satellite technology is a viable alternative to connectivity, specifically the less costly low earth orbit (LEO) satellites that circle closer to Earth, at between 500km and 2,000km above the earth as opposed to traditional communication satellites that are stationed far higher at 36,000km.

It is estimated that the world will see the launch of some 75,000 LEO satellites in the next decade. In a bid to grab a slice of this pie, Malaysian company Angkasa-X has concrete plans to launch not one but 500 of such satellites starting next year.

The 500 satellites – designed and built in Malaysia – will be set to orbit close to the Equator, and will make up what is known as the A-SEANLINK LEO Satellites Constellation. Why 500? Because that’s the number of satellites required to cover the ASEAN region.

These will circle the earth and primarily serve ASEAN nations, where half of the population have no Internet connectivity. Through this enterprise, the company will also create an international SpaceTech Park in Malaysia from which a space science and tech ecosystem will flourish and play a pivotal role in the development of the regional space economy.

Angkasa-X will then provide Satellite-as-a-Service (SaaS) by renting out its celestial hardware.

“Governments and companies now need not invest huge amounts of money to establish infrastructure,

especially in remote areas where traditional terrestrial fibre network is limited, but would be able to tap on this service for a fraction of the cost,” explained Executive Chairman and CEO Dr Sean Seah.

“Our services can be used for a variety of purpose, namely from training the next generation of students to testing out new technologies in space, from atmospheric and climate research to marine traffic monitoring.”

Angkasa-X has plans to raise working capital by floating its shares on the US capital market through the support of its two Kuala Lumpurbased equity partners, namely GreenPro Capital Corp, listed on Nasdaq, and SEATech Ventures Corp, listed on the OTC Pink market. Angkasa-X will soon unveil plans to offer an initial public offering (IPO).

Angkasa-X is also looking to raise funds through equity crowdfunding (ECF) using pitchIN, a Securities Commission Malaysia-registered platform.

Here’s how you can be a part of this noble effort. With a minimal investment of RM3000 via pitchIN, Malaysians can sow the seeds of this project by promoting research and development in Malaysia and building the A-SEANLINK LEO Satellites Constellation.

And, as an icing on the cake, Angkasa-X guarantees a US-IPO share-swap exit within 18 months assuring its Malaysian investors a handsome return on their investment.

COUNTRIES WITH THE HIGHEST NUMBER OF PEOPLE NOT CONNECTED TO THE INTERNET AS OF 2020 (IN MILLIONS)

800

700

600

Number of disconnected people in millions

500

400

300

200

100

0

India China Pakistan NigeriaBangladesh Indonesia Ethiopia DR Congo Brazil Egypt

Source: www.statista.com

Here’s how to be a part of this noble cause:

1. Sign up for an account on pitchIN https://equity.pitchin. my/users/sign_up 2. Visit https://equity.pitchin. my/businesses/angkasaxinnovation-sdn-bhd#bhead2 3. Hit the Pitch Info tab. 4. Hit Invest Now.