USPACE and EgSA to Form Aerospace Joint Venture in Egypt
August 16, 2024 | PRNewswireEstimated reading time: 2 minutes
USPACE Technology Group Limited is pleased to announce that the Group has signed the strategic partnership agreement with the Egyptian Space Agency (EgSA), in relation to satellite manufacturing and testing, satellite launch, education and training, greatly expanding its business presence in the fast-growing African space market.
USPACE and EgSA also intend to set up a joint venture in Cairo, Egypt, which will be one of the first commercialised aerospace companies in Egypt, marking a significant milestone in the Group's aerospace business development in the Africa region. USPACE and EgSA's collaboration encompasses a wide range of initiatives, including the establishment of centers for satellite manufacturing, payload design and manufacturing, and component and precision manufacturing at the Egyptian Space City in Cairo Egypt. They will also establish an integrated satellite constellation for remote sensing and communication across the African continent, based at the Egyptian Space City, and a globally oriented space laboratory in Cairo. Furthermore, the partnership will establish comprehensive cooperation in space technology, encompassing design, programming, component and subsystem manufacturing, space payload development (electro-optical, radar, and communication), and satellite assembly, integration, and testing.
Established in January 2018, EgSA is headquartered in the Egyptian Space City, which is also the headquarters of the African Space Agency. EgSA is an Egyptian government organization that aims to acquire space technology and satellite launch capabilities to achieve the goals of the national sustainable development strategy "Egypt-SDS2030".
In particular, the cooperation under the Strategic Partnership Agreement will allow USPACE to utilise EgSA's existing aerospace technologies, facilities and infrastructures, including satellite manufacturing plants and facilities at the Egyptian Space City, and to gain access to EgSA's established network with governmental space agencies in the region as the host of the African Space Agency, creating new collaboration opportunities with other market players and governmental agencies and further consolidating its position in the Africa continent.
USPACE's globalization strategy continues to make substantial progress. The Company is gradually building a complete aerospace ecosystem, while innovating and creating core satellite products.
On 25 July 2024, marking the first anniversary of the establishment of the Group's ASPACE Hong Kong Satellite Manufacturing Center, the Group unveiled its disruptively low-priced commercial optical satellites on its official website. These satellites offer resolutions ranging from 5 meters to 0.5 meters and are priced between USD35,000 and USD990,000. Among them, the most notable in the market is the commercial optical satellite with a high resolution of 0.5 meters, priced at only USD990,000. The Group also plans to offer nearly a hundred types of satellite components and application services, including separation seats, multi-satellite dispensers, and 0.5-meter resolution lightweight cameras.
The Group is confident that through this series of satellite products, it can directly participate in the competition of the global commercial aerospace market, rapidly enhance its brand awareness, significantly expand its customer base and further increase its market share.
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Airbus-built CO3D Constellation Successfully Launched to Map our Planet in 3D
07/28/2025 | AirbusThe four Airbus-built CO3D (Constellation Optique 3D) satellites have been successfully placed into orbit by an Arianespace Vega-C rocket from the European Spaceport in Kourou, French Guiana.
SES, the Luxembourg Government to Develop and Launch New Defence Satellite for GovSat
07/25/2025 | BUSINESS WIRESES and the Luxembourg Government today announced their plan for development of a second satellite for GovSat (LuxGovSat S.A.), the public-private partnership and 50/50 joint venture between SES and the Luxembourg Government that provides secure, reliable and accessible satellite communication services for governments.
Ocean guardian Ready for Takeoff: Second Copernicus Sentinel-6 Satellite Heads to Launch Site
07/24/2025 | AirbusMonitoring of Earth’s rising oceans is about to get a powerful boost! Airbus, the prime contractor for the Copernicus Sentinel-6 missions, confirms that the second satellite in this critical series is on its way to the launch site in Vandenberg, California. Liftoff is slated for November 2025.
Satellite Direct-to-Device: CaoCao Becomes the World's First to Embed LEO Satellite Communication Services in the Robotaxi Platform
07/22/2025 | ACN NewswireOn July 22, CaoCao announced a strategic partnership with Geespace, a leading commercial aerospace company in China, to further enhance autonomous driving safety standards by leveraging the satellite services of the "Geely Constellation." The collaboration aims to ensure that robotaxis remain "always online, never disconnected."
NASA to Preview Advanced US-India Radar Mission Ahead of Launch
07/17/2025 | NASA JPLThe NISAR satellite, a collaboration between NASA and the Indian Space Research Organisation, will provide a three-dimensional view of Earth in unprecedented detail.