ANGKASAX INNOVATION

SUMMARY VIDEO

COMPANY DETAILS

Summary

Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind.

Problem

Over 50% of the population in Southeast Asia are burdened with inadequate internet connectivity.

Solution

We invest in R&D, AIT (Assembly-Integrating-Testing) and the launch of Low Earth Orbit (LEO) satellites to set-up the ASEAN-LINK Satellite Constellation to provide satellite internet connectivity and related services for Asians living in the rural areas.

Product

Low Earth Orbit (LEO) satellites which will form the ASEAN-LINK Satellite Constellation.

Traction

Signing of Memorandum of Understanding (MoU) with Digital Penang and Universiti Sains Malaysia and signing of Memorandum of Agreement (MoA) with Universiti Sains Malaysia (USM), on 20th April 2021 and 21st April 2021 respectively. Collaborating with USM, Angkasa-X has engaged with a few global EDU-TECH Licensing Partners to provide Space and Satellite Engineering training and courses to train up our local talent and technology transfer on satellite expertise to our satellite engineering team. Angkasa-X has also signed up collaborations with a number of Government Collaborators.

 

Customers

For users/communities and industries in the rural area.

Business Model

We offer Satellite As A Service (SAAS) for countries in Southeast Asia via the ASEAN-LINK Satellite Constellation to provision satellite internet connectivity and related services to communities living in rural areas. Angkasa-X strives to establish and develop the ASEAN Space Economy via the ASEAN-LINK Satellite Constellation.

Market

Southeast Asia

Competition

Countries such as the USA, China, Canada, South Korea and UK have already launched communication satellites into space and plans to launch more in the future. It is estimated that over 75,000 communication satellites will be launched by 2030.

Funding

Angkasa-X will secure funding via equity crowdfunding, private placement and subsequently, the US capital markets, advised by our financial incubators Greenpro Capital Corp. (NASDAQ:GRNQ) and SEATech Ventures Corp. (OTC PINK:SEAV). Angkasa-X needs to raise funds for R&D, AIT, build and launch an estimate of 500 LEO satellites to form the Angkasa-X ASEAN-LINK Satellite Constellation.

AngkasaX Innovation Sdn. Bhd. intends to be merged into Angkasa-X Holding Corp (“AXHC”) upon successful listing of AXHC in the US capital markets, granting AngkasaX Innovation Sdn. Bhd’s ICPS shareholders a right to convert into AXHC’s shares.

AngkasaX Innovation Sdn Bhd’s ICPS shareholders are also presented with the option of swapping their shares for the shares of SEATech Ventures Corp. (OTC PINK:SEAV) after the maturity of the ICPS tenure.

Vision

Creating a world where connectivity is a basic affordable necessity for the betterment of mankind and therefore improve the standard of living and eradicate poverty for Asians living in the rural areas.

Investors

Seed capital is fully provided by present shareholders of Angkasa-X.

Founders

Dr. Sean Seah & Dr. William Lim

Team

We have various departments, among others; business development, program management, marketing, R&D, operations, design and engineering.

Press

https://www.malaysiakini.com/announcement/575158

https://www.businesstoday.com.my/2021/05/21/angkasa-x-aspires-to-make-malaysia-a-regional-space-hub-offering-satellite-as-a-service/

https://www.nst.com.my/business/2021/05/691998/angkasa-x-aims-make-malaysia-regional-space-hub-offering-satellite-service

https://news.satnews.com/2021/04/26/asean-link-satellite-constellation-formation-underway/

https://advanced-television.com/2021/04/28/malaysia-leo-satellite-scheme-emerges/

https://finance.yahoo.com/news/angkasa-x-plans-ipo-u-103000925.html

https://finance.yahoo.com/news/greenpro-incubates-angkasa-x-leo-123000014.html

https://www.accesswire.com/642456/SEATech-Ventures-Incubates-Angkasa-X-LEO-Satellite-Company-in-Establishing-ASEAN-Space-Economy

https://www.google.com.hk/amp/s/www.malaymail.com/amp/news/malaysia/2021/04/20/cm-around-two-in-10-who-registered-for-covid-19-jabs-in-penang-were-no-show/1967986

https://www.freemalaysiatoday.com/category/nation/2021/04/20/make-public-names-of-schools-closed-due-to-covid-19-says-penang-chief-minister/

https://www.buletinmutiara.com/digital-penang-enters-tripartite-mou-with-usm-and-angkasa-x-to-promote-space-industry/

https://www.thevibes.com/articles/news/24607/penang-sets-sights-on-becoming-satellite-parts-exporter

https://www.bernama.com/en/news.php?id=1954512

https://apnews.com/press-release/accesswire/global-trade-business-technology-79f770fafff4d01329c71029df5923d2

https://www.sinarharian.com.my/article/134726/BERITA/Nasional/Tawar-kursus-kejuruteraan-satelit-pertama-di-Malaysia

https://malaysianews.today/2021/04/21/tawar-kursus-kejuruteraan-satelit-pertama-di-malaysia/

https://guangming.com.my/3機構簽署合作開拓人造衛星-曹觀友：檳將成大馬

https://www.enanyang.my/财经新闻/槟政府联手私企理大-共创东盟新太空经济

http://penang.chinapress.com.my/20210420/数码槟城与两方签mou-培养航天工程人才/

https://www.buletinmutiara.com/航天经济/

https://www.orientaldaily.com.my/news/north/2021/04/20/406374

https://moneycompass.com.my/cn/angkasa-x通过国际与地方合作伙伴关系建立东盟新太空经/

https://www.thestar.com.my/tech/tech-news/2021/06/28/race-to-space

https://finance.yahoo.com/finance/news/greenpro-incubator-company-angkasa-x-120000805.html

https://finance.yahoo.com/news/angkasa-x-plans-set-satellite-120000763.html

Disclaimers

• No shares will be allotted or issued based on this document after six months from the closing of the offer period.
• This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007.
• This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.