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Press Release21 August 2017Siemens AGSingapore

Siemens and Association of Aerospace Industries (Singapore) sign Memorandum of Cooperation to drive digital transformation of Singapore's aerospace industry

Siemens, a global technology powerhouse in the areas of electrification, automation and digitalization, and the Association of Aerospace Industries (Singapore), or AAIS, a not-for-profit, member-based organisation that promotes Singapore as a leading aerospace hub, have signed a Memorandum of Cooperation (MOC) to promote innovation and drive digital transformation of the aerospace industry in Singapore.
This is an interesting time for Singapore’s aerospace industry. While the global economy is still slowly recovering, demand for air travel continues to grow, creating more opportunities for industry players, including manufacturers. However, while they are keen to ride on these opportunities, cost remains a factor in the reality of a gloomy business environment. Globalization too has led to fiercer competition as well as ever changing industrial landscape, creating the need to expect quick return on investments. Hence, companies now have to assess their current business strategy and implement solutions that would enable them to stay ahead of competition locally and globally.
Under the MOC, AAIS and Siemens will jointly organise a range of activities that would educate AAIS members on the topic of digitalization, encourage the implementation of new technologies and equip them with the knowledge to do so. Through seminars, authored articles, site visits and workshops, Siemens will offer its technical expertise to participants and provide real life demonstrations via its products and services.
The MOC was signed by Mr Raimund Klein, Executive Vice President for Siemens ASEAN, Digital Factory and Process Industries and Drives, and Mr Allan Ferrie, Vice President of Association of Aerospace Industries (Singapore).
"Digitalization is a major trend and innovation driver. It empowers companies to enhance their production processes, creating completely new business and growth opportunities that would enable them to remain competitive," said Raimund Klein, Executive Vice President for Siemens ASEAN, Digital Factory and Process Industries and Drives. "We at Siemens are committed to supporting companies on their digitalization roadmap at every step of the way. We are very excited to embark on this partnership journey with AAIS, and we look forward to working closely with the organization to raise the standards of Singapore's aerospace industry."
"We are very pleased to partner Siemens in this Digital Transformation Initiative. Our aim is to facilitate the adoption of digitalization by the aerospace industry in Singapore. Companies are at different stages of understanding and reaping the benefits of digitalization, and this initiative will help bring us all to the next level. The digital transformation journey is not easy, but will strongly position us to deliver better value to customers and raise Singapore's competitiveness," said Allan Ferrie, Vice President of Association of Aerospace Industries (Singapore).
This collaboration strengthens Siemens commitment to Southeast Asia. The company recently launched its first fully integrated Digitalization Hub here in Singapore, expanding its expertise and innovations in the Internet of Things (IoT) to customers in the region. With the hub, Siemens will be co-creating future digital applications with customers and partners to build a digital ecosystem. Separately, last year, Siemens launched the ZerOne.DesIgn™ Digital Factory Manufacturing Design engagement model, the first consultancy service of its kind for the controls and automation industry which helps companies achieve their Industrie 4.0 vision.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com

The Association of Aerospace Industries (Singapore) or AAIS is a not-for-profit organization established in 2003, to promote the development of Singapore as a leading aerospace hub. AAIS represents companies involved in aerospace maintenance, repair and overhaul (MRO), manufacturing, parts distribution, research & development, training and education, and services. It serves as the voice of industry to influence future directions and policies, engenders the development of the aerospace community and facilitates business development. For more information, visit www.aais.org.sg

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Marie Princess Nuevo Caraan

Siemens

+65 6490 8676

Ann Majid

Association of Aerospace Industries (Singapore)

+65 6922 1781

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