China All Access (Holdings) Limited (“China All Access”, stock code: 633.HK) and OHB SE (Prime Standard; ISIN: DE0005936124) announced today a memorandum of understanding on their cooperation. Both parties intend to jointly develop the next generation of communications solutions in the field of satellite communications applications.
This agreement OHB and China All Access was signed in the presence of the Bremen Senator for Economy, Labor and Ports, Mr. Martin Günthner who is currently chairing a delegation of industry, reasearch institutions and academia to China and Mr. Jörn Beißert, Deputy Consul General of the Federal Republic of Germany in Shanghai.
China All Access and OHB will focus on the following major topics: 1) achieving more comprehensive network coverage by the integration of aerial and terrestrial mobile networks; 2) offering more effective communication solutions for enterprise customers in the vertical markets; 3) providing higher security technology in the transmission process; 4) developing enhanced applications which are compatible with different communications networks.
The collaboration with OHB earmarks an important step in China All Access’s strategy of entering into the global advanced communications application technology market. China All Access has always been leveraging on its leading technological advantage to continuously enhance its overall strength and reinforce its core competence.
Mr. SHAO Kwok Keung, Chief Executive Officer of China All Access, said: “The Board believes that it bears important strategic significance to the Company’s future development as the move will allow China All Access to head for professionalism and internationalization. Through our cooperation with a strong international partner, we will stay abreast of market needs and further enhance our R&D and innovation capabilities in the provision of more advanced, secure, comprehensive and reliable communications products and application solutions, thereby generating greater benefits and returns to the Company.”
Dr. Fritz Merkle, Member of the Executive Board and Chief Marketing Officer of OHB SE, said: “This cooperation is so important because through the cooperation with China All Access OHB will increase its commercial telecommunication business portfolio into The service and application domain, will get access to the large and fast growing telecommunication market in China and Far East, and last not least this will contribute to the intensification of the economic connection between China and Bremen."
Senator Martin Günthner stated: "This signature documents impressively the high technical and economical potential of Bremen as a center for space technology and applications on an international level."
About China All Access:
China All Access is an integrated information and communications technology enterprise, with its main business comprising satellite communications application solutions, wireless data communications application solutions and research and development and manufacturing of mobile terminals. The primary focus of the application solutions is on public security, urban emergency communications systems and urban integrated management businesses. The mobile terminals business includes the research and development, manufacture and sale of mobile terminals, display modules, batteries and other types of new-generation mobile terminal products and parts. The Company’s application solutions are leading-edge solutions for mobile office communications from terminal to terminal, supported by satellite networks, based on mobile communications with core network convergence, enabled by broadband technology, and finally delivered to the user in the form of smart terminal devices. China All Access was listed on the Main Board of the Stock Exchange of Hong Kong on 16 September 2009, with the stock code of 633.
About OHB SE:
Domiciled in Bremen, OHB SE (ISIN: DE0005936124, Prime Standard) is Germany’s first listed aerospace and technology company.
Two business units offer international customers sophisticated solutions and systems. With over 30 years of experience in high technology together with its integrated skills in the areas of space technology and telematics, the Group is ideally positioned as one of the leading independent forces in the European aerospace and aeronautics industry.
OHB offers solutions addressing the entire value chain for satellite development, construction and operation, data transmission and processing and the development and construction of scientific payloads and aerospace/aviation structures. By capitalizing on our technological skills and innovative prowess, we plan to further boost the Company’s profitable growth and enhance shareholder value.