Joins "Global Innovation Partnership"
SHANGHAI, June 12, 2023 /PRNewswire/ -- Xometry (Shanghai) Technology Co., Ltd, the world's leading on-demand manufacturing service provider, and the National Innovation Center of the Yangtze River Delta (NICE) recently signed a strategic cooperation memorandum in Pudong, Shanghai, in which they will cooperate to establish a "Global Innovation Partnership" to jointly conduct industrial technology research and development projects in a wide range of areas such as smart manufacturing, metal processing, injection molding, and other areas. The two parties will cooperate to establish a "Global Innovation Partnership" and jointly conduct industrial technology research and development projects in a wide range of fields such as smart manufacturing, metal processing, injection molding, and joint talent training based on the cooperation projects, and jointly promote applied technology research and results transformation.
Dr. Benjin Luo, Chief Expert of Yangtze River Delta National Innovation Center, and Huizhi Xiang, General Manager of Asia Pacific Region of Zemit Technology, signed the contract on behalf of both parties, and were witnessed by Lu Min, Deputy Director of Shanghai Science and Technology Commission, Liu Qing, Director of Yangtze River Delta National Innovation Center and President of Shanghai Yangtze River Delta Institute of Technology Innovation, Tan Ruijian, Deputy Director of Yangtze River Delta National Innovation Center and Secretary of Party Committee of Shanghai Yangtze River Delta Institute of Technology Innovation.
Manufacturing is the foundation of technological innovation and technology application, how to achieve rapid product delivery and iteration has become an important issue for enterprises, and is also one of the directions of the Yangtze River Delta National Innovation Center's efforts to optimize the innovation and entrepreneurship ecology. Under the wave of digital transformation of manufacturing industry, the integration of upstream and downstream ecology through artificial intelligence (AI) technology and the optimization of social division of labor and collaboration provides a proven way for the transformation and upgrading of manufacturing industry. As a global pioneer of this approach, Ze-Power's one-stop on-demand manufacturing service integrates the global supply chain, turning the original segmented and small number of suppliers into a large pool of suppliers with a manufacturing network of over 10,000 suppliers with efficient and reliable manufacturing capabilities, greatly reducing supply chain risks.
Liu Qing, Director of Yangtze River Delta National Innovation and Technology Center, said, "The Yangtze River Delta National Innovation and Technology Center has been upholding the concept of open innovation, actively cooperating with foreign enterprises, gathering global scientific and technological resources, and devoting itself to building an innovation and entrepreneurship ecosystem of joint research on technology, joint training of talents and sharing of resources. The signing of this cooperation memorandum will introduce Zemik's supply chain integration capability into the ecology of the National Innovation Center, help local research enterprises solve their R&D needs, and promote the deep integration of technology innovation chain and industry chain." The Yangtze River Delta National Innovation Center is located in the transformation from science to technology, organically combining national strategic deployment with the innovation needs of the Yangtze River Delta region, with the core mission of promoting key core technologies in important fields, and the collaboration of industry, academia and research to promote the transfer and transformation of scientific and technological achievements and industrialization, providing source technology supply and transformation services for the industrial development of the Yangtze River Delta region, and innovation services for the incubation, cultivation and development of small and medium-sized enterprises in science and technology.
Liu Qing, Director of Yangtze River Delta National Innovation and Technology Center
"With this 'Global Innovation Partner' relationship with NICE, Ze-Power Technology is pleased to help research institutes and innovation units on NICE to rapidly iterate their product development through one-stop manufacturing services to help science and technology innovation. At the same time, Ze-Power Technology will also provide the NICE platform with asset-light R&D capabilities, so that platform companies do not need to interface with manufacturers or make excessive fixed asset investments, and can focus more on R&D. Ze-Power Technology's team of professional engineers can also provide DFM (design for manufacturability) advice and can feed the design side of platform companies with real-world experience in manufacturing." said Ms. Huizhi Xiang, General Manager of Asia Pacific Region of Ze-Power Technology.
Currently, Select Power Technology has successfully served more than 40,000 customers worldwide, including Chinese companies, including 72% of global Fortune 100 companies and 45% of Fortune 500 companies (after excluding financial companies), both well-known companies such as Bosch, Dell and BMW Automotive, as well as individual creators, university students, research scholars and micro and small enterprises with small-volume customization needs. Under the framework of cooperation between Ze-Power Technology and the Yangtze River Delta National Technology Innovation Center, both parties will leverage their respective industrial strengths in manufacturing and technology innovation and R&D to strengthen the technology innovation and application R&D ecology in the Yangtze River Delta region of China.
