Taipei, Taiwan (PressExposure) November 03, 2009 -- MOEA Drives Global Galileo Industry Alliance Satellite Industry Brings Sky-rocketing Business Opportunity
Today (Nov. 2) Industrial Technology Research Institute (ITRI) hosts the Next Wave Sky Industry Business Opportunity Forum and Taiwan's Award Ceremony of European Satellite Navigation Competition (ESNC) 2009. Thorsten Rudolph, Chairman of ESNC, Johnsee Lee, President of ITRI, Wen-Hsin Chan, Consultant of Department of Industrial Technology, MOEA and Christian Stammel, CEO of Navispace AG discuss the huge business opportunities of the Galileo satellite system which is expected to create a market of NT$3.7 trillion in 2012.
GGIA enables Taiwan and Europe to complement each other and facilitate more exchange of their resources and R&D experiences.
EC started building Galileo satellite system in 2002, and expects to launch the system in 2013. Taiwan's nation sales of satellite terminal devices account for 20.3% of world's market share. MOEA is confident that Taiwan's business firms will successfully become one of the major suppliers of satellite navigational products in the world.
In April this year, ITRI signed the LOI with AZO, sponsor of ESNC, to initiate cooperation between Taiwan's business firms and their partners in the world. In August, Navispace ordered 10,000 units of Smart Personal Trackers from Taiwan's satellite navigational manufacturer Wonde Proud Technology Co., Ltd. through the effort of GGIA. In October, Septentrio2 of Belgium visited 12 Taiwan companies, including Tai-Saw Technology Co., Ltd., Faraday Technology Corporation, Alchip Technologies, for purchasing satellite navigational hardware products and working out technical cooperation arrangements.
The Creative Idea of Taiwan Takes 2nd Place In European Satellite Navigation Competition 2009
The award ceremony takes place today (Nov. 2) at Far Eastern Plaza Hotel. Thorsten Rudolph, Chairman of ESNC, Johnsee Lee, President of ITRI, and Wen-Hsin Chan, Consultant of DOIT, MOEA present awards to Taiwan winners. Taiwan's participants of ESNC 2009 also garnered the 2nd place of the regional competition and the championship of special topic award.
Taiwan's participating entry - Shadow Guide - A guiding solution for a group of people to enjoy their trip leisurely and consciously - took the 2nd place of the ESNC 2009.
Information and Communications Research Laboratories (ICRL) of ITRI got the citation for design excellence at the ESNC 2009 in Taiwan area.
Starting from this year, ITRI established a mechanism designed to help participating teams. ITRI will offer participating teams a "value creation education session", helping the participating teams generate "Three P's" - rapid prototyping (RP), intellectual property (IP), and business plan (BP). After this process, ITRI's assistance will link the participating teams to its venture capital providers, and big business partners to turn concept into start-up business.