CMMB Vision Holdings Limited announced that CMMB Silkwave Limited, a wholly-owned subsidiary of the company, and Shanghai Huace Navigation Technology Ltd. entered into a strategic collaboration framework agreement to jointly develop the BeiDou high-precision navigation applications and services premising on the signal enhancement system that is based AsiaStar satellite platform of the company. The service will cover the Asia-Pacific regions. The collaboration paves the way for future commercial deployment of a wide range of applications in autonomous driving, automobile travel, maritime vessels, smart cities, and IoT industries, etc. Both parties are optimistic about the future prospects of the BeiDou service for vehicular navigation, wearable devices, BeiDou+5G converged applications, emergency rescue, ocean transportation, electricity, agriculture and other fields. In light of Huace's advantages in technology research and terminal development, and CMMB Silkwave's advantages in satellite data distribution, connected-car navigation and other business areas, the two parties after full discussion and negotiation decided to form the strategic partnership, which will engage in AsiaStar signal enhancement based on BeiDou high-precision navigation application development and testing. The AsiaStar satellite has footprint over the whole of Asia. It has similar L-band frequencies as the BeiDou system. Through its mobile broadcast-distribution capability, AsiaStar can provide signal enhancement to BeiDou terminals on the ground anytime anywhere, which when synchronized with BeiDou's navigation signals, can derive centimetre-level precision positioning. AsiaStar platform is owned by Silkwave Holdings Limited, an associate company of the company, whose service is managed and operated by the company.