Greenpro Incubated Company Angkasa-X Celebrates the Ground-Breaking Ceremony to Build Satellite Ground Station and Space Technology Centre in Penang, Malaysia

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 20, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubated company, Angkasa-X and Universiti Sains Malaysia (USM) to build Satellites Ground Station and Space Technology Centre in Penang, Malaysia, The construction of the Angkasa-X Earth Groundstation and the Space Technology Centre is in preparation for the launching and deployment of Angkasa-X's constellation of A-SEANSAT & A-SEANLINK LEO satellites. With this ground segment infrastructure in place, Angkasa-X is geared to work together with the E&E industry in the development of Spacetech Ecosystem in realising the ASEAN Space Economy.

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According to the SpaceTech Industry September 2021 (Q3) Analytic Report, the global SpaceTech economy is constantly growing and valued at $4.7 trillion in 2021, and it will further grow to $10 trillion by 2030. The investment for SpaceTech economy in East Asia region has achieved $35 billion in 2021.

Greenpro owns 28 million shares in Angkasa-X and is planning to list the company via an IPO on a U.S. exchange in the coming months.

Greenpro CEO, Dr. Lee said, "We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations."

About ANGKASA-X

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, technology & components sourcing, assembly-integration-testing, 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 satellite internet-connectivity and other services to remote rural areas in the countries in ASEAN and neighbouring countries to establish ASEAN Space Economy via the formation of ASEANLINK LEO Satellites Constellation. Angkasa-X plans to raise funds from the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. It aspires to be a Unicorn and the number one unique company for LEO satellite-based Internet services in ASEAN region. For more information on the company, please visit http://www.angkasax-innovation.com