SINGAPORE, May 31, 2016 /CNW/ -- KuangChi Science Ltd., a subsidiary of Kuang-Chi GCI, has announced it has established its ASEAN Innovation Headquarters in Singapore during the 27th International Communications and Information Technology Exhibition & Conference on May 31, as a base for expansion throughout Asia, specifically in the ASEAN countries.
The newly-created Singapore-based headquarters is a creative hub for furthering development of the company's Future City strategy. KuangChi Science has also signed an agreement to cooperate with HyalRoute Communications Group, which has already received investments totaling more than USD600 million from Kuang-Chi GCI.
Kuang-Chi GCI refers to the Global Community of Innovation initiated by Kuang-Chi Group, which brings together innovators from all over the world and turns science fiction and dreams into reality to deliver the future to the world.
Founded in 2010 by five distinguished Chinese scientists after completion of doctorate degrees at top universities, Kuang-Chi GCI is a global innovation group based in Shenzhen, China, which has made advancements in the fields of metamaterials, photonics, satellite technology, aviation, and robotics over the past five years.
Acting through public companies, private holdings, and research institutes, the group's value exceeds USD10 billion. The group has invested in companies including Solar Ship Inc., Martin Aircraft Company, biometrics pioneer Zwipe, and communications group HyalRoute.
Singapore is an important international finance and commerce hub and ranked as the most technology-ready country in the world by the World Economic Forum. According to Dr. Zhang Yangyang, Co-CEO of KuangChi Science, "Singapore provides an ideal innovation base and by creating an innovation headquarters in Singapore, KuangChi Science plans to further collaborate with Singaporean companies and institutes for research and development."
In addition to the Innovation HQ announcement, KuangChi Science is announcing its smart city objective, the Future City Strategy. The goal of building smart cities is to improve the quality of life for urban dwellers by using technology to improve the efficiency of services and meet residents' needs.
The strategy has been influenced by Singapore's 'Smart Nation' initiative, which was launched in 2014 to make living better for all through tech-enabled solutions, harnessing ICT, communications networks, and big data.
Information and communications technology allows local governments to interact directly with the community and the city infrastructure to monitor what is happening in the city and how it is evolving, and to ultimately create a better quality of life for citizens.
KuangChi Science has been making investments in security, data transfer, and wireless coverage technology to help make cities smarter and better, effectively optimizing key services to improve city living around the world. HyalRoute has been one of the company's key investments to support this goal.
HyalRoute, now a part of Kuang-Chi GCI's portfolio of technology innovation companies, is one of the most advanced network infrastructure developers and transnational telecommunication operators in the Asian-Pacific market. The company is engineering and implementing an international fiber-optic network spanning more than 1 million kilometers in length and linking 50 countries.
"HyalRoute's technology is part of KuangChi Science's Future City Strategy, which utilizes KuangChi Science's Cloud, Solarship, Traveler, and more," said Guo Jie, CEO of Singapore Innovation HQ. KuangChi Science's products have created a foundation for the Future City and HyalRoute's communication network will make the city's picture more complete.
Early this month, Kuang-Chi GCI launched an international innovation fund based in Israel to invest in companies worldwide. The newly established fund had an initial investment of $50 million, which is planned to grow to $300 million over the next three years.
SOURCE KuangChi Science