KUALA LUMPUR, MALAYSIA / ACCESSWIRE / April 27, 2021 / SEATech Ventures Corp. (OTC PINK:SEAV) proudly announce the company’s incubated-client Angkasa-X which spearheads in Low Earth Orbit (LEO) satellite research & development and engineering, has signed a three parties Memorandum of Understanding (MOU) with Malaysia’s Penang State Government and University Science of Malaysia (USM) to initiate the establishment of ASEAN Space Economy with the formation of the ASEAN-LINK satellite constellation. Angkasa-X has also signed a Memorandum of Agreement (MOA) with USM to formalize both parties’ engagement for the Space Technology and LEO Satellite Engineering Talent Development Program.
SEATech Ventures currently hold 13 million shares in Angkasa-X and will be responsible for providing investment advice, and consultancy services in funding and growth strategies through SEATech Ventures’ innovative Business Incubation Program. By leveraging on SEATech Ventures’ incubation program, Angkasa-X is planning for IPO listing on the US capital markets in 2021.
The Chief Executive Officer of SEATech Ventures Mr Chin said, “We take great pride in contributing to the establishment of ASEAN Space Economy as well as the incubation of a technological-social inclusion unicorn company. This is yet another firm testament to the effectiveness of our Business Incubation model.”
SEATech Ventures Corp.
CHIN Chee Seong, Chief Executive Officer, Director
SEAH Kok Wah, Chief Investment Officer, Director
About SEATech Ventures Corp.
Headquartered in Kuala Lumpur, Malaysia, SEATech Ventures Corp. (OTC PINK: SEAV) (a Nevada corporation) aspires to nurture and incubate emerging growth technology companies in South East Asia that aim to become tomorrow’s Asia unicorns. SEATech is an incubation platform, pools together talents that are equipped with technical, market developmental and financial expertise. We provide mentoring and consultancy on growth strategy through business combination and integration for companies to expand their business across Asia. We advise companies to monetize, capitalize and securitize their businesses by providing funding strategy which includes equity crowd funding, private-placement and go public. With a vast experience in business and ventures, our key management team possess the business acumen and have access to a network of managing partners across Asia who commit to introduce high quality deal-flows to us. SEATech is well positioned to be recognized as an influential Asian Corporate Venture Capital firm in transforming, securitizing, capitalizing and internationalizing Asia technology companies. For further information regarding the company, please visit https://www.seatech-ventures.com
Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in Research & Development, IP creation, components sourcing & testing, assembly & manufacturing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN, Angkasa-X’s mission is to provide internet-connectivity to rural areas in Southeast Asia where traditional terrestrial fiber network is limited and therefore improve the standard of living and aims to eradicate poverty for Asian-people living in the rural areas. Angkasa-X plans to raise fund from the global capital market to invest and operate ASEAN-LINK LEO Satellite Constellation. It is a unicorn that aspires to be the number one go-to company for LEO satellite-based Internet services in ASEAN. For further information regarding the company, please visit http://www.angkasax-innovation.com/.
Forward Looking Statement
This press release contains forward-looking statements that involve risk and uncertainties involving the use of words such as “plans,” “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think,” “considers” or similar expressions are intended to identify “forward-looking statements”. Investors should be aware that all forward-looking statements contained within this press release are good faith estimates of management as of the date that this press release is prepared based on current expectations that involve known and unknown risks. Our actual results could differ materially from those anticipated in these forward-looking statements for numerous reasons as described in the company website.
SOURCE: SEATech Ventures Corp.
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