Kuang-Chi to Co-operate with Xiongan New Area

On September 20th, 2017 Kuang-Chi Group (“Kuang-Chi”) announced its strategic co-operation with Xiong’an New Area (“Xiong’an”). The co-operation will focus on the development of civil-military integration. An innovation centre in this field will also be established in Xiong’an.

According to co-operation agreements, Kuang-Chi and Xiong’an will establish strategic co-operation relations of developing civil-military integration, especially in the areas of metamaterials, big data and smart cities. There will be two research institutes planned to be established in Xiong’an, of metamaterials and new engines respectively.  In addition two corresponding industrial bases are planned to be set up in Baoding, a neighbouring city of Xiong’an. 

 

Kuang-Chi has been at the forefront of developing civil-military integration for years. As a lead company in metamaterials research, Kuang-Chi has achieved remarkable progress. Earlier this month, the "Research and Development of Key Technologies for Metamaterials and Relevant Devices" Project passed quality testing and received acceptance from the National High Technology Research and Development Program of China.

 

Xiong’an New Area was established on April 1st, 2017. Its main function is to serve as a development hub for the Beijing-Tianjin-Hebei economic triangle. Additionally, "non-core" functions of the Chinese capital are expected to migrate here, including offices of some state-owned enterprises, government agencies, and research and development facilities. The construction of the area is described as part of the "millennium strategy".

 

The co-operation is a milestone for Kuang-Chi andis also regarded as a major component of the construction plan for Xiong’an. Kuang-Chi will be able to fully utilise its specialties in innovation and technology to attract talents and conduct research, as well as to facilitate the technological innovation and economic growth of Xiong’an.

 

The co-operation will set a nationwide example for civil-military integration. Kuang-Chi will need to innovate in both technology and management levels to make the most of the co-operative effort and achieve the maximum benefit of mutual development.