ASTRI and CUHK to set up joint R&D lab for 5G and FinTech in Hong Kong

(L-R): Ming-yam Wong, Chairman of the Board of Directors of ASTRI, Dr. Frank Tong, Chief Executive Officer of ASTRI, Professor Fanny Cheung, Vice-President and Pro-Vice-Chancellor (Research) of CUHK and Professor Benjamin Wah, Provost and Wei Lun Professor of Computer Science and Engineering at CUHK.

Hong Kong Applied Science and Technology Research Institute (ASTRI) and the Chinese University of Hong Kong (CUHK) have signed a Memorandum of Understanding (MoU) to set up the CUHK-ASTRI Joint Research Laboratory, which will conduct R&D projects related to 5G mobile technologies, FinTech and intelligent manufacturing.

Coinciding with the MOU signing ceremony, ASTRI announced that they will build a next generation 5G mobile network testing platform at the CUHK campus.

Professor Fanny Cheung, Vice-President and Pro-Vice-Chancellor (Research) of CUHK emphasized that this collaboration was an indication that CUHK hopes to pave a new way to develop science and innovation in Hong Kong.

“This collaboration with ASTRI is a clear demonstration of the University’s intention to transfer its research ideas into products and services that will benefit the society,” she said in a statement. “By building a joint platform with ASTRI, we are certain that more upstream researches can embark on the road to commercialization and help businesses and industries in Hong Kong to revitalize and innovate.”

Ming-yam Wong, chairman of the Board of Directors of ASTRI, said, “Smart City technologies and the Internet of Things (IoT) will be made possible only with the 5G networks, which will have a much larger capacity and provide speeds that are 100 times faster than the current 4G networks. ASTRI is the first to launch the test bed of 5G in Hong Kong, which is a groundbreaking R&D endeavor to pave the way for a wider application of the 5G network. It is our great honour to collaborate with CUHK in testing 5G in the pre-5G stage.”

Wong added that in addition to the R&D efforts, the collaboration will also facilitate both organizations in technology transfers and talent development.

Positioning itself as a research-intensive university, CUHK has engaged in cutting-edge upstream research on high-tech development such as 5G, network coding, big data, FinTech, robotics and intelligent manufacturing with potential for commercialization. ASTRI specializes in downstream applied research and has extensive experience working with industries.

The signing ceremony for the Joint Research Laboratory was held at the Yasumoto International Academic Park, CUHK.

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