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Lloyd’s Register has established a group technology center in Singapore to deliver innovation and solutions to the energy and maritime sectors. It also has reached an agreement with the Agency for Science, Technology and Research (ASTAR) to collaborate on R&D projects as a key part of the center’s activities, according to a news release
The intent is to establish a joint lab facility with ASTAR’s Institute for High Performance Computing (IHPC) to co-develop applications and solutions in the marine and offshore sectors. This arrangement will promote R&D activities in modelling and simulation, providing bespoke technical solutions for companies in these sectors, the release said.
To encourage the development of technical expertise and young engineers, doctoral students will be trained at the GTC during the program’s initial five-year period. These students will be working on R&D projects between the technology center and Singapore’s institutes of higher learning such as the National University of Singapore and Nanyang Technological University.
The capabilities and resources of the new center will be scaled up over five years to work on mutually identified projects between Lloyd’s Register and ASTAR under the new research agreement. Investment in this new center is expected to reach US $35 million, the release said. By year five, up to 150 full-time engineers, researchers, and doctoral students will be jointly employed and working together with industry on projects of mutual interest.