We are delighted to announce that Suzhou Miaohang Technology Co., LTD. (hereinafter referred to as "Miaohang Technology") has successfully completed a Pre-A round of financing worth tens of millions of yuan and the transaction has been completed. This round of financing was invested by Nine Wisdom Capital and other institutions. This round of financing fully demonstrates the high recognition of the capital market for Miaohang Technology's business model and future development potential.
"Miaohang Technology" has been committed to the research and development and production of platform stability, navigation, pose measurement, speed measurement, positioning and orientation products The main business products include visual navigation, image navigation, MEMS gyroscopes, fiber optic gyroscopes, MESM chips, MEMS accelerometers, quartz accelerometers, hemispherical resonant gyroscopes, quantum sensing, loitering missiles, fiber optic integrated navigation systems, MEMS integrated navigation systems, inertial measurement units, attitude reference systems, north finder, electronic compasses, tilt sensors and other series of products Our R&D, production and sales of products are widely applied in the fields of unmanned aerial vehicles, unmanned ships, unmanned vehicles, robots and other aviation, navigation, transportation equipment and industrial automation, and can meet users' in-depth customization needs. Over the past few years, with outstanding product performance, high-quality service experience and strong technological innovation capabilities, it has won wide acclaim in the market and deep trust from customers.
The gyroscope accuracy of the MEMS combined inertial navigation series products developed and sold by Miaohang Technology can be achieved from 0.1°/h to 50°/h, and that of the fiber optic combined inertial navigation series products can be achieved from 0.003°/h to 1°/h. This inertial navigation series of products features technical design advantages of "high precision and small size, high dynamic range and high vibration resistance, and multi-modal". While meeting the in-depth demands of customers, the products themselves have small installation space, light weight and low cost. They offer high cost performance. Multiple series of products have completed domestic substitution, and many achievements have filled domestic gaps, earning recognition from industry customers. Miaohang Technology's partners include: China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, China Shipbuilding Industry Corporation, AVIC, China Electronics Technology Group Corporation, China North Industries Group Corporation, domestic and foreign universities, and group factories. It maintains close cooperative relations and exchanges in scientific research and technology. The fiber optic combined aviation system FD630B developed by Miaohang Technology has achieved batch production. The product has been verified in the aerospace and aviation fields. The self-north-seeking accuracy of this product is ≤0.1°. It is widely used in unmanned aerial vehicles and has reached cooperation with China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, AVIC, and domestic universities. The product's output value has reached tens of millions of yuan.
With the success of this Pre-A round of financing, the future is a period of "explosive growth" for the military industry. The field of weapons and equipment will develop in the direction of intelligence, informatization and unmanned operation. Miaohang Technology will increase its investment in business areas such as intelligent manufacturing, unmanned systems, intelligent perception, satellite industry chain and low-altitude economy, optimize the product structure and improve service efficiency. At the same time, we will actively explore new business growth points to better serve our customers and achieve a business growth trend of 10 billion yuan in military industry, 10 billion yuan in satellite industry and 100 billion yuan in low-altitude economy.
