SIA Engineering, Stratasys ink MOU for additive manufacturing
SIA Engineering (SIAEC) and Stratasys have signed a memorandum of understanding (MOU) on establishing a strategic partnership specializing in additive manufacturing to accelerate the adoption of 3D printed production parts for commercial aviation.
Under the MOU, the two companies will explore a joint venture to be majority owned by SIAEC, combining Stratasys' deep knowhow and expertise in additive manufacturing, including in the aerospace segment, with SIAEC's comprehensive maintenance, repair and overhaul (MRO) service offerings to provide airline customers across the globe with scheduled maintenance and on-demand parts solutions.
The two parners intend to establish a Singapore-based Additive Manufacturing Service Center, offering design, engineering, certification support and part production to SIAEC's well-established network of partners and customers.
Stratasys will provide the domain expertise related to additive manufacturing and drive the development of aerospace applications together with SIAEC.
SIAEC CEO Png Kim Chiang said the collaboration will strengthen SIAEC's comprehensive suite of MRO solutions and enhance our support to customers, especially in the region.
"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," said Ilan Levin , CEO of Stratasys. "By working closely with SIAEC, we are extending that focus to solve the unique challenges of the MRO segment and further drive adoption."