Apr 5, 2017
MAINBOARD-LISTED SIA Engineering Company Limited ("SIAEC") 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 specialising in additive manufacturing to accelerate the adoption of 3D printed production parts for commercial aviation.
Under the MOU, the two parties will explore a joint venture to be majority owned by SIAEC. This partnership combines Stratasys' expertise in additive manufacturing, including in the aerospace segment, with SIAEC's comprehensive maintenance, repair and overhaul ("MRO") service offerings to provide airline customers with scheduled maintenance and on-demand parts solutions.
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.
"This strategic partnership marks an important milestone for additive manufacturing in the aviation industry," commented Mr Ilan Levin, CEO of Stratasys. "As we have shown with our existing relationships with leading aerospace manufacturers, including Airbus and Boeing, we are committed to advancing the use of additive manufacturing for high requirement aerospace applications. By working closely with SIAEC, we are extending that focus to solve the unique challenges of the MRO segment and further drive adoption."
SIAEC CEO Png Kim Chiang said the collaboration will strengthen SIAEC's comprehensive suite of MRO solutions and enhance its support to customers, especially in the region.
The transaction is not expected to have a material impact on the financial performance of SIAEC or Stratasys in FY2017/18.
Posted in 3D Printer Company
Maybe you also like:
- Dubai DEWA teams with GE Additive to give 3D printing bigger role in future energy strategy
- US-based Emerson opens new 3D printing plant in Singapore
- 3Ders interview with John Robertson, 3D printed jewelry extraordinaire & creative director of VerticesEdge
- 3D Systems launches new 3D printing materials, ProJet CJP 260Plus full color 3D printer and software updates
- HP unveils details on 3D printing Material Development Kit, 3D Open Materials and Applications Lab
- 3D Systems launches its first scalable, super-fast 'Figure 4' 3D printing production platform
- 3D printing news ICYMI: Sciaky takes EBAM to Japan, Sigma Labs partners with Jaguar, more
- Shining 3D Digital Dentistry to set up US subsidiary, will show off 3D scanners & printers at IDS 2017
- Stratasys & US Department of Veteran Affairs to launch 3D printing hospital network
- Formlabs introduces two new dental 3D printing resins and partnership With 3Shape
3Ders.org provides the latest news about 3D printing technology and 3D printers. We are now seven years old and have around 1.5 million unique visitors per month.
