(Yicai Global) Nov. 2 -- China Aerospace Science and Technology Corp. (CASC), the country's largest missile manufacturer, plans to set up a company to build a commercial satellite-borne narrowband global mobile Internet of Things (IoT), China News Service reported yesterday.

The CASC Fourth Academy has submitted a plan for the establishment of a satellite company to the group, and is awaiting approval, said CASC Fourth Academy Party Secretary Tan Qianhong.

The satellite company will develop and launch small satellites operating in low orbit and they will create a network to form a constellation, providing narrowband communication services and improving communication levels in remote areas and at sea, Tan said.

Tan's statement is in line with the Trans-Cloud project that CASC proposed. The Trans-Cloud project is a low orbit small satellite communication constellation system, consisting of hundreds of low orbit satellites. It can achieve seamless access, transmission and sharing of IOT information worldwide and make an information ecosystem with cloud computing, big data and other services, the report said.

The CASC Fourth Academy Party independently developed the cloud project, said Guo Yong, the head of the institute. The project's first technical verification satellite, Cloud Test 1, entered orbit after riding aboard the KZ-1A carrier rocket in January this year. The project intends to launch two more test satellites next year.