SIA Engineering, Stratasys ink MOU for additive manufacturing tie-up
MAINBOARD-LISTED SIA Engineering announced on Wednesday the signing of a memorandum of understanding (MOU) with Stratasys, a 3D printing and additive manufacturing solutions company, to establish a strategic partnership to accelerate the adoption of 3D-printed products for commercial aviation.
Under the MOU, the two parties will explore a joint venture to be majority owned by SIA Engineering. The parties intend to establish a Singapore-based Additive Manufacturing Service Centre, offering design, engineering, certification support and part production to SIA Engineering's network of partners and customers.
Stratasys will provide the domain expertise related to additive manufacturing and drive the development of aerospace applications together with SIA Engineering.
The strategic partnership combines Stratasys's expertise in additive manufacturing, including in the aerospace segment, with SIA Engineering's MRO (maintenance, repair and overhaul) service offerings to provide airline customers across the globe with scheduled maintenance and on-demand parts solutions.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Universal Music Group reaches new licensing agreement with TikTok