ASTRI Supports CE’s Policy Address and Welcomes New Initiatives to Bolster Innovation & Technology Development in Hong Kong and the Greater Bay Area

(Hong Kong, 26 Nov 2020) The Applied Science and Technology Research Institute (ASTRI) has expressed its full support to the Chief Executive’s 2020 Policy Address and welcomed new initiatives in bolstering the development of innovation and technology (I&T) in Hong Kong and the Greater Bay Area.

Ir Sunny Lee, JP, Chairman of ASTRI, said: “We are truly excited to see the various policy initiatives outlined by the Chief Executive in developing Hong Kong into an international innovation and technology hub. Being the largest government-funded R&D centre in Hong Kong for applied science and technology, ASTRI is committed to continuing to create impactful innovations and becoming a major technology enabler, helping Hong Kong develop as a pioneering Smart City.”

Set up by the SAR Government in 2000, ASTRI’s mission is to enhance Hong Kong’s competitiveness in technology-based industries through applied research.

Mr Hugh Chow, CEO of ASTRI, added: “We welcome and support new initiatives such as the Smart City Blue Print for Hong Kong 2.0, Greater Bay Area Youth Employment Scheme, Smart Mobility, network development and wider application of 5G, among many others. These are exciting developments and I’m confident, with ASTRI’s expertise and experience in many of these areas, we can make a significant contribution in supporting the SAR Government as well as the I&T ecosystem.”

ASTRI’s core R&D competence in various areas is grouped under five Technology Divisions: Artificial Intelligence and Big Data Analytics; Communications; Cybersecurity, Cryptography and Trusted Technologies; Integrated Circuits and Systems; and IoT and Sensors. It is applied across five cores areas which are Smart City, Financial Technologies, Intelligent Manufacturing, Health Technologies, and Application Specific Integrated Circuits.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. To date, ASTRI has transferred more than 750 technologies to the industries and owns nearly 850 patents in the Mainland, the US and other countries.