SINGAPORE, February 10, 2014 /PRNewswire/ --
The Agency for Science, Technology and Research (A*STAR) in Singapore inked a Memorandum of Understanding (MoU) with leading aerospace company Airbus at the 3rd Aerospace Technology Leadership Forum today.
The MoU signed between Airbus and A*STAR will facilitate collaboration in areas of mutual interest, including data analytics. A*STAR's extensive capabilities in data analytics solutions can be used for a wide array of applications, including more accurate prediction of flight arrival times to reduce passenger delays, which will translate to significant savings for the aviation industry.
"We are proud to be teaming up with A*STAR, a world leading research organisation based in Singapore. We will channel the power of Big Data Analytics to faster develop incremental innovations for our market leading aircraft and services - and with greater agility," said Mr. Axel Krein, Airbus SVP Research & Technology. "Using the very latest developments in this exciting new technology field, we expect to be able to offer our customers new ways to reduce their fuel consumption through speedier, more effective analysis of their operational data."
Mr. Lim Chuan Poh, Chairman of A*STAR, said, "We are pleased to welcome Airbus as our latest partner on collaboration. Through this agreement, Airbus would be able to harness R&D capabilities and expertise across our Science and Engineering Research Institutes in order to address new developments in the aviation industry. This partnership is reflective of how the public and private sectors are synergistically working together under an open innovation framework to position Singapore as an Aviation Innovation Hub to better serve the growing Asian market and beyond."
Aerospace Technology Leadership Forum 2014
The MoU was signed at the A*STAR Aerospace Technology Leadership forum, a biennial event that serves as a platform for aviation industry players to exchange innovative ideas for the next leap in aviation, address industry challenges, and discuss growth and opportunities in Asia.
The forum this year focused on overcoming technological impediments for further advancement in aviation, and discussed the balance between adopting new technology and management of risks. Speakers and panel moderators comprised members of the A*STAR Aerospace Programme, including Boeing, Bombardier, DSTA, Embraer, Hexcel, Honeywell, GE Aviation, Pratt & Whitney, Rolls-Royce, SAFRAN, SIA Engineering, and ST Aerospace.
About the Agency for Science, Technology and Research (A*STAR)
The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector agency that fosters world-class scientific research and talent to drive economic growth and transform Singapore into a vibrant knowledge-based and innovation driven economy.
In line with its mission-oriented mandate, A*STAR spearheads research and development in fields that are essential to growing Singapore's manufacturing sector and catalysing new growth industries. A*STAR supports these economic clusters by providing intellectual, human and industrial capital to its partners in industry.
A*STAR oversees 18 biomedical sciences and physical sciences and engineering research entities, located in Biopolis and Fusionopolis, as well as their vicinity. These two R&D hubs house a bustling and diverse community of local and international research scientists and engineers from A*STAR's research entities as well as a growing number of corporate laboratories.
Please visit http://www.a-star.edu.sg
For media enquiries, please contact Ms Doris Yang: email@example.com, +(65)6419-6525 or +(65)9367-336.
SOURCE Agency for Science, Technology and Research (A*STAR)
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