Sidus Space + NamaSys Bahrain sign MoU to develop a 3D printing satellite mfg facility – SatNews

Sidus Area, Inc. (NASDAQ: SIDU) has executed a Memorandum of Understanding (MOU) outlining the corporate’s collaboration with NamaSys for the institution of a three way partnership with a mission to construct, personal and function a satellite tv for pc manufacturing, manufacturing, meeting and integration facility within the Center East to help Gulf Cooperation Council (GCC) nations and past.

The MOU outlines that the events intend to serve and fulfill the wants and necessities of presidency and personal shoppers throughout the Center East and North Africa (MENA) area whereas sharing a unified mission of fostering science and know-how growth. With a number of worth propositions, the preliminary scope of this rewarding collaboration will heart consideration on exploring alternatives for sustained entry to house for the GCC nations by means of the institution of satellite tv for pc manufacturing and space-based information assortment.

“This vital and accretive relationship is the cornerstone for launching our satellite tv for pc operations and on-orbit companies into the GCC area. The speedy advantages of our know-how and companies to the Gulf states are a recreation changer for each the Center East and Sidus Area. This vital and accretive relationship is the cornerstone for launching our satellite tv for pc operations and on-orbit companies into the GCC area. The speedy advantages of our know-how and companies to the Gulf states are a recreation changer for each the Center East and Sidus Area,” mentioned Carol Craig, Founder and CEO of Sidus Area.

“The current advances in 3D printing, particularly in manufacturing light-weight complicated designs for the house trade, will certainly function the catalyst in bringing the GCC area nearer to par with the leaders on this trade,” mentioned Manhal AlQaisi, CEO of NamaSys. “Beneath the steering and help of a technical JV accomplice comparable to Sidus Area, we’re assured that we made the proper selection.”