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CityU Enterprises Limited (CityUE), a wholly-owned company of City University, operates under the aegis of the Industrial and Business Development Office. It was established in 1992 to facilitate, coordinate, promote and encourage contract research and consultancy which enhances technical innovation, research and development and the advancement of science, the humanities, educational and cultural activities in Hong Kong.
In another milestone in its development, CityU is the first local institution of higher education to foster a technology company from start-up to public listing. TeleEye Holdings Ltd plans to make a public offer and placing of 50 million new shares, representing 27.8% of the shareholding, on Hong Kong's Growth Enterprise Market. Of the total, 42 million shares are earmarked for a placing and eight million shares will be offered for public subscription.
For years, the thin gauze of atmosphere surrounding the earth hampered astronomers from studying the most distant stars in our cosmos. But the Hubble Space Telescope, fixed in the clarity of space, has lifted that veil. It is our outpost to the universe.
In a rare display of talent, three CityU scientists¡Xall chair professors¡Xhave been newly admitted to the elite of IEEE fellowship: Professor Paul Chu, from the Department of Physics and Materials Science, Professor Ron Hui and Professor Luk Kwai-man, both from the Department of Electronic Engineering. In the latest round of the IEEE election, only eight new 2003 Fellows, all academics, are from Hong Kong .
The University has identified new areas of strategic interest in both inter- and multidisciplinary research, with the setting up of three new Faculty Research Centres: Centre for Chaos Control and Synchronization, Centre for Media Technology, and Southeast Asia Centre . With these additions, the number of faculty research centres at CityU now totals 10.