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Is Piesat Information Technology (SHSE:688066) A Risky Investment?
Piesat Information Technology (688066.SH): participated in the top-level design work of many spatiotemporal geographic information-related constructions.
On July 31th, Glonhooi reported that Piesat Information Technology (688066.SH), as a supplier of space-time information products and services, participated in the top-level design work of many space-time geographic information-related constructions. Combining the experience of previous pilot projects, the company launched the PIE-TDModeler real-life 3D model production and release system, forming a complete system with advanced technology. As the early stage of China's real-life 3D construction will focus on data collection and platform construction, the company's construction of a drone fleet has supplemented the ability of low-altitude remote sensing, forming a complementary relationship between aviation and aerospace and ground assistance.
Piesat Information Technology (688066.SH): Exploring the related applications of Beidou Navigation.
Piesat Information Technology (688066.SH) stated on the investor interaction platform on July 31st that after the completion of the Nuwa Constellation in the future, it will have the ability to revisit any target globally within hours, covering all business areas from domestic to international, from special fields to urban governance, and mass applications. The company is also exploring related applications with Beidou Navigation.
Piesat Information Technology (688066.SH): Achieving aerospace data fusion through SAR satellite constellations and drone data collection.
On July 31, Guolong News reported that Piesat Information Technology (688066.SH) stated on the investor interaction platform that the company belongs to the commercial aerospace sector. The company supports the construction of commercial aerospace industry by expanding new business growth points. 1) Continue to build the Nuwa constellation, through SAR satellite constellation and drone data collection to achieve air and space data integration, expand the CNI data factor index market and the aerospace information services market in Belt and Road Initiative countries; 2) Responding to national policies, improve the entire industry chain and all-scenario application of drones, create benchmark city demonstration points, and comprehensively use the advantages of drones, Beidou, and meteorology to carry out low-altitude flight support and airspace services.
Piesat Information Technology (688066.SH): The company's InSAR satellite is operating normally.
Piesat Information Technology (688066.SH) stated on its investor interaction platform on July 9 that the company's InSAR satellite is operating normally. For more information, please continue to follow the announcements released by the company.
Piesat Information Technology (688066.SH): Suspended from participating in military material engineering procurement activities.
On July 7th, GeLongHui reported that Piesat Information Technology (688066.SH) announced that the Army Procurement Network issued an announcement on July 6, 2024. The Army Logistics Department Procurement Supply Bureau suspended the company's qualification to participate in the entire army's material engineering and service procurement activities from July 6, 2024 in accordance with relevant regulations on military supplier management. After being notified of the suspension of procurement qualification, the company attached great importance to it and carried out internal investigations on the causes of the decision to impose penalties for violations and actively prepared an appeal. At the same time, the company will strengthen compliance management, further enhance compliance awareness, and continuously improve standardized operational levels. Currently, the company's overall operation is normal and is under the temporary suspension.
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