The two research and development projects of Ka Shui Group were presented with gold medals of the "2024 Asia International Innovative Invention Award" by Hong Kong Federation of Innovative Technologies and Manufacturing Industries ("FITMI"). These two projects were: (i) The patent technology of Ka Shui Group "Rare earth Magnesium Alloy that meets the flame-retardant test standards of the Civil Aviation Administration of China and its preparation methods " (referred to as “Flame-retardant Magnesium Alloy”); and (ii) “Artificial Intelligence optical detection and analysis of CNC tool status system”.
Flame-retardant Magnesium Alloy, self-developed by Ka Shui Group, is a type of magnesium alloy material with enhanced flame-retardant property achieved through special treatment. This material not only retains the advantages of magnesium alloy of being lightweight with high strength, but also possesses excellent heat-resistant and fireproof performance. Flame-retardant Magnesium Alloy can be extensively used in low-altitude economy and new energy vehicle industry, etc.
With sincere gratitude to FITMI for their recognition and support, we will continue to make greater efforts in R&D in order to enhance our corporate competitiveness by innovative technological advantages.