Taipei, Sept. 23 (CNA) The Taiwan Space Agency (TASA) on Tuesday signed a memorandum of understanding (MOU) with the U.K.-based Satellite Applications Catapult (SAC) to expand collaboration on satellite technologies. TASA Director-General Wu Jong-shinn (吳宗信) described the five-year MOU as the result of years of trust-building and exchanges with SAC, saying it would pave the way for future joint initiatives. Founded in 2012, SAC is a U.K. government-backed technology company that helps businesses and researchers develop satellite-based technologies and services. The MOU was signed by Wu Jong-shinn and Abbott during the UK-Taiwan Space Roundtable, which brought together 22 Taiwanese and 10 British enterprises for a business networking session, the release said. The roundtable was co-hosted by TASA and the British Office Taipei.