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Ctrowell Technology IPO Success
SOURCE: China Space News     UPDATED: 2015-05-19

May 15, 2015, A shares of Beijing Ctrowell Technology Corporation Limited (Ctrowell Technology) owned by CAST of China Aerospace Science and Technology Corporation were listed on the Shenzhen Stock Exchange, stock code 300455.

Ctrowell Technology’s success in China's A-share market is important milestone on the development road of the company. It is the fact that CAST makes use of the capital market "leverage" to accelerate the development of space technology applications industry, which is especially a leap of the special equipment manufacturing.

Ctrowell Technology is the first enterprise listed on the gem of the projects invested by China Aerospace Investment Holdings Ltd owned by China Aerospace Science and Technology Corporation (CASC). So far, The Corporation has 12 listed companies. Ctrowell Technology IPO marks new progress in space assets securitization and asset securitization rate will be further improved.

Founded in 2007 Ctrowell Technology is the core platform for transforming CAST's aerospace control technologies into applications. Adhering to the idea of using space technologies to serve the railway, the company is committed to providing a first-class railway safety products and leading-edge solutions. It applies infrared detection technology, used for satellite attitude control, into the field of railway rolling stock safety.

The intelligent storage system for rolling stock inspection and repair, developed by Ctrowell Technology, has been used in motor train maintenance bases in Beijing, Shanghai, and Guangzhou and so on. Some key projects have filled the technology gap in China, occupying nearly 60% market share.