TAWAZUN Strategic Development Fund LLC and TITOMIC LTD sign MOU to Collaborate Towards Setting up an Advanced Industrial Scale 3D Printing Manufacturing Facility in the United Arab Emirates

ABU DHABI, United Arab Emirates — (BUSINESS WIRE) — February 26, 2021 — Tawazun and Australian company TITOMIC have signed an MOU to assess the potential of setting up a joint venture between the parties to establish a local manufacturing line in order to produce advanced 3D printing technologies for large products and components at industrial scale for a variety of industries mainly focusing on aerospace, defence oil and gas and mining in UAE.

TITOMIC is an Australian listed public company (ASX: TTT) that utilises patented additive manufacturing (3D Printing) technology with a reduced carbon footprint, robotic automation, Industry 4.0, and specialty materials expertise to create high-performance products and solves complex engineering challenges.

The advanced technology additive manufacturing (3D Printing) plant will employ next-generation Industry 4.0 methods and industrial-scale automated production using high-performance metal alloys, including titanium, for a variety of industry applications. The potential joint venture between the parties will provide industrial scale 3D printing capability for the region. In addition, the 3D printing and manufacturing plant would also act as the distributor and after sale services center for TITOMIC products.

The MOU was signed by Dr Andreas Schwer, Chairman of TITOMIC Limited, and Mohamed Musabah Al Mazrouei - Director, Ventures Investments, SDF.

Strategic Development Fund (SDF), the investment arm of Tawazun Economic Council, is focused on financial return and economic impact within UAE’s strategic sectors, through equity investment in local and international partnerships and developmental funding towards UAE’s private sector.

About Tawazun Economic Council:

Founded in 1992, Tawazun Economic Council (Tawazun) has enabled the creation of more than 111 companies and investment vehicles within twelve sectors, and now serves as the catalyst for both economic growth and the development of the UAE defence and security industry.

Tawazun drives economic value through the Tawazun Economic Program and the Strategic Development Fund, facilitating ecosystem growth and human capability development through global and local partnerships, and empowering technology & innovation through the defense and security R&D ecosystem.

About TITOMIC Limited:

For more information please visit: www.titomic.com.



Contact:

Tawazun - towards an agile future
For more information, please contact Corporate Communication Dept.
Via email: Email Contact
Or mobile no.: +971 (0)50 122 2422

Titomic Limited
For more information, please contact:
Via email: Email Contact
Or mobile: +61 (0)411 411 485




Review Article Be the first to review this article

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Coop Engineer I for Graco manufactures at Dexter, Michigan
Industrial Engineer for Yanfeng Automotive Interiors -YFAI at Louisville-Jefferson, Kentucky
Advanced Autonomous Vehicle Designer - AV/XD for Ford Motor Company at Palo Alto, California
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Upcoming Events
Simulation World at United States - Apr 20 - 21, 2021
PLM Road Map & PDT Spring 2021 at 3909 Research Park Drive Ann Arbor MI - May 19 - 20, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
Kenesto: 30 day trial



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise