(Yicai Global) Oct. 25 -- Global navigation satellite system developer Hi-Target Surveying Instrument will join hands with the United Nations Development Program to provide high-precision location services to countries participating in China's Belt and Road Initiative to revive its ancient trade routes.
The Guangzhou-based company signed the cooperation agreement with UNDP's representative office in China on Oct. 24, the satellite navigation equipment supplier announced the same day.
The collaboration will seek to apply satellite remote sensing, geographic information and China's proprietary Beidou [north star] global positioning system navigation technologies to reduce disaster risks and in disaster relief efforts within BRI countries, per the announcement.
Association of Southeast Asian Nations countries will be the main area for implementing the project, which will further extend to other participants in the BRI, the announcement added. Cambodia has been tagged for the first pilot.
The project will help build the international image of the Hi-Target brand and promote the application and coverage of its Beidou + high precision positioning technology and products in BRI countries, per the announcement.
The National Development and Reform Commission is advancing the Action Plan for the initiative together with UNDP, and the project has become a part of the BRI's comprehensive planning, the announcement said.
Hi-Target's GNSS products are used in surveying, data collection, geo and electric power and communication surveys, network management systems, marine surveys, such as echo sounders, marine positioning products, marine surveying software, and GNSS reference station, information from S&P Global Market Intelligence shows.
They find both civil and military uses. The company mainly sells its products in China, Brazil, Russia, Canada, Italy, Spain, Greece and Poland. Formed in 1999, it is a unit of Guangzhou Hi-Target Navigation Tech.
Editor: Ben Armour