Grand Venture Technology announced, on Jan 13, that it will work with the Agency for Science, Technology and Research (A*STAR) to develop a customised manufacturing platform for high-value advanced ceramics. The platform will be led by A*STAR Singapore Institute of Manufacturing Technology (A*STAR SIMTech).
According to Grand Venture Tech, the partnership will enable the company to expand its differentiated capabilities in high-value ceramics manufacturing to meet increasing demand from its new and existing customers. In addition, the partnership will allow the company to see “meaningful development” for its advanced materials research and development (R&D) roadmap, and strengthen its competitive edge by integrating innovative technologies into its manufacturing processes.
“This partnership with A*STAR is a key milestone in Grand Venture Tech’s journey to acquiring higher wallet share within our existing customer base by focusing on expanding technological capabilities,” says Julian Ng, CEO of Grand Venture Technology .
“By co-developing this customised platform, we are not only enhancing our technological capabilities but also reinforcing our commitment to delivering highquality, innovative solutions to our customers. Thereafter, we hope to unlock greater wallet shares with our customers and potentially develop into new stream of consumable business,” he adds.
As at 11.46am, shares in Grand Venture Tech are trading 1.5 cents higher or 1.80% up at 85 cents.
