Stratasys signs 3d printing partnership with sia engineering

finance

Stratasys Ltd. SSYS, a 3D printing company, recently entered into a strategic partnership with SIA Engineering Company Limited (SIAEC). The collaboration is aimed at accelerating adoption of additive manufacturing (AM) technologies for commercial aviation. Financial terms of the deal remain undisclosed.

The partnership will combine "Stratasys' deep know-how 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."

Per the agreement, the companies will form a joint venture, with the majority owned by SIAEC. Upon successful formation of this joint venture, the companies intend to establish Additive Manufacturing Service Centre in Singapore, through which they will offer design, engineering, certification support and part production services to SIAEC's well established network of partners and customers.

Source: http://www.nasdaq.com/article/stratasys-signs-3d-printing-partnership-with-sia-engineering-cm770258

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