Landmark Agreement to Boost Singapore's Manufacturing Sector with $3 Million Technology Upgrade

Strategic Insights -

Unigraphics Solutions Inc. (NYSE: UGS) has announced a strategic partnership with Gintic Institute of Manufacturing Technology (Gintic) to provide advanced 3-D CAD/CAM technology to Singapore's manufacturing sector. This initiative is valued at a minimum of $3 million over the next 12 months and is part of the government's economic blueprint to strengthen Singapore's competitive edge globally through knowledge enhancement.

Key Takeaways:

  • The agreement will bring advanced 3-D CAD/CAM technology within the reach of every Singapore company, with a minimum value of $3 million over the next 12 months.
  • The partnership is designed to improve the productivity of Singapore's manufacturing companies, allowing them to reduce costs, shorten time to market, and compete more effectively globally.
  • The Unigraphics software selected by Gintic addresses a "critical high-end skill" requirement designated by the Singapore government, enabling local manufacturers to compete with global partners.
  • Singapore's government has designated certain "critical high-end skills" essential to its success in the global arena, and the use of a world-class CAD/CAM system like Unigraphics addresses some of these skills.
  • The package offered by Gintic will include not only Unigraphics CAD/CAM software but also four weeks of training at Gintic, covering basic Unigraphics 3-D design and specialized training in areas such as machining, mold design, equipment design, and product design.
  • Unigraphics Solutions is providing the technology for this initiative, with Gintic serving as the distributor and trainer for the Unigraphics software in Singapore.
  • The partnership is expected to benefit Singapore-based companies in various ways, including improved productivity, reduced costs, and shortened time to market, allowing them to compete more effectively on a global basis.

Statistics:

  • Minimum value of the agreement is $3 million over the next 12 months
  • Over 100 clients in various industries, including product design, precision and complex manufacturing, in Singapore
  • Some clients include Aiwa Singapore, Philips Singapore, Gintic Institute of Manufacturing Technology, ST Automotive, Singapore Productivity and Standards Board, Omni Mold Ltd, Fu Yu Manufacturing, and academic institutions like Nanyang Polytechnic and National University of Singapore
  • Unigraphics software addresses "critical high-end skill" requirements designated by the Singapore government

Sources:

  • "Unigraphics Solutions Inc. Announces Strategic Partnership with Gintic Institute of Manufacturing Technology" (July 29, PRNewswire)
  • About Gintic Institute of Manufacturing Technology
  • About Unigraphics Solutions Singapore
  • About Unigraphics Solutions
  • Gintic Institute of Manufacturing Technology (www.gintic.i2r.a-star.edu.sg)
  • Unigraphics Solutions Inc. (www.ugsolutions.com)