Visiting young Chinese billionaire invests US $ 30 mn in SupremeSAT


Cai Xiaoru, Forbes listed young billionaire of mainland China recently signed the partnership agreement and committed to invest US dollars 30 million into SupremeSAT - Sri Lankan Satellite Company through his Shenzen listed company Tatwah Smartech.

The agreement signing was concluded in Colombo paving way for Sri Lanka's only satellite company to go global using the expertise and resources of the new found investment. The partnership with Tatwah Smartec and the visiting young billionaire it set to boost SupremeSAT's capabilities and resources further in a big way making Sri Lanka proud in the global space arena.

"Tatwah is evolving as a globally strong player in the satellite communications industry. I am very pleased to see the remarkable growth SupremeSAT has achieved within a very short span of time competing against many strong global brands. I am confident that this partnership will bring more value of Tatwah's resources, and redefine the capabilities of SupremeSAT to further grow in all areas of its operations" said Xiaoru Cai, Chairman of TatwahSmartechCo. Ltd

"As a private company hailing from a small island nation, SupremeSAT has proven to the world that the company has become a formidable player in the global space industry. Having established the long term strategies and infrastructure to expand the company's business we expect to accelerate our growth by way of selected acquisitions worldwide", Chairman of Supreme Global Holdings, R. M. Manivannan, said.

"Five years ago we vowed to take Sri Lanka to the next level of technology and we have walked the talk. Our concentration was on making Sri Lanka a formidable player in the global space industry and today we are taking another giant step towards that", he added.

The new strategic partnership will focus on growing SupremeSAT's existing activities in Sri Lanka whilst also concentrating on large scale expansion globally with the combination of synergies.

The SupremeSAT-3 Capacity created by SupremeSAT in partnership with Intelsat SA has given the company a long term contract with Sri Lanka's Dialog TV thus providing over 90% the local market share. The company is hence concentrating on growth globally for further expansion.

" During an era where even countries were finding it difficult to launch a satellite, we as a Sri Lankan private company achieved that goal and we did not stop there. We continued building the "State of the Art Space Port" located in Pallekele, Kandy which is not only providing satellite control services but has now commenced building of small satellites and will soon become the region's best satellite control center controlling many satellites of the world."

SupremeSAT's Pallakele satellite control center is also called "South Asia Space Academy" where the company has invested heavily on space related research, development and training. Many young Sri Lankan scientists are working tirelessly days and nights to make Kandy the "Knowledge Hub" of Sri Lanka. Having gained the space business expertise with the launch of SupremeSAT-1, the company further expanded aggressively creating the SupremeSAT-3 capacity and also completing the construction of its "state of the art" teleport in Pallakele, Kandy-Sri Lanka. SupremeSAT has now secured many globally reputed companies as its long term customers making Sri Lanka a formidable player in the satellite industry.

The company is steadily progressing on many innovative initiatives including the building of Sri Lanka's first humanoid robot named "Shakthe", Building of small satellites within its newly built "Clean Room" etc.

Existing activities of the company is supported by many global companies. Japan's NEC and Sweden's Swedish Space Corporation are already cooperating with SupremeSAT's ground control activities. The Satellite control center is functioning in partnership with a US company whilst the satellite Manufacturing is supported by a European company. The latest inclusion of the Chinese Listed company further strengthens the company's global reach.

Zhongshan Tatwah Smartech Group Co.,Ltd ("Tatwah Group") was founded in 1993 and listed in Shenzhen Stock Exchange on December, 2010. In the belief of "Leading the bright future by creating applications of values", Tatwah Group has diversified its business into four innovative industries: Satellite and Telecom, Internet of Things, Smart City, OTT+TV, E-finance. Tatwah Group has established more than 20 subsidiaries till 2017 which makes its market value exceed RMB 20 billion.

animated gif
Processing Request
Please Wait...