Beijing Tianyishangjia New Material Corp. (688033.SH) announced on September 19th that, based on good trust and long-term development considerations, and with excellent corporate philosophy and professionalism, the company has signed a strategic cooperation agreement with Xinghe Power Co., Ltd.'s subsidiary Tianrendao and Star River Power on September 18th, 2024, through friendly negotiations. The two parties plan to cooperate in the research, development, and manufacturing of solid and liquid launch vehicle components, forming a deep strategic partnership.
Based on the strategic cooperation agreement signed this time, Tianrendao, a subsidiary of the company, will deeply cooperate with Xinghe Power Aerospace in the research and development and manufacturing of solid and liquid rocket components (fairings, integrated structure components of upper stages, etc.), realizing complementary advantages and building a win-win and sustainable strategic partnership. This will help the company and its subsidiaries explore new sales markets in the commercial space field, accelerate the innovation and industrial application of the company's green and new materials products, enhance the company's brand influence and core competitiveness, promote the company's long-term development, and align with the company's overall development strategy.