CEC Systems is pleased to announce an exciting new collaboration with A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) of Singapore.
CEC Systems is working to enhance its product COLLAPSECON®, a type of shipping container that can be collapsed whenever empty to reduce handling, storage space and transportation costs. The collaboration with SIMTech seeks to optimize the design of the shipping container, as well as explore alternative manufacturing processes, such as leveraging environmentally friendly and cost-effective lightweight materials.
Nicholas Press, CEO of CEC Systems, expressed excitement about the collaboration and said, “SIMTech has worked on a wide range of projects across diverse industries and is well- equipped to offer us expertise that surpasses the typical level of support made available to companies our size. This collaboration also demonstrates the importance of technological innovation in the shipping industry, and we are greatly honored to have this opportunity to work with SIMTech in our drive for real innovation and efficiency in our industry.”
CEO Nicholas Press signs the agreement with Dr Lee Eng Wah from SIMTech. Witnessed by Ms Sim Ann, Singapore Senior Minister of State and the Hon Steven Ciobo MP, Australian Minister for Trade, Tourism and Investment.
Dr Lim Ser Yong, Executive Director of SIMTech said, “This public-private R&D project leverages on SIMTech’s capabilities in lightweight manufacturing. As with our support for other industries, we hope to help shipping companies close technological gaps so that their productivity and efficiency levels can be improved, and businesses made more competitive, through product and process innovation. We are also happy that this collaboration will pave the way for CEC Systems’ plans to build up their R&D capabilities and increase their company’s presence in Singapore, and we look forward to working with them.”
This new collaboration follows CEC Systems’ recent acceptance into Austrade’s Singapore Landing Pad, an initiative which gives market-ready Aussie startups access to local innovation and startup ecosystems. Other cities hosting similar Landing Pads include Berlin, San Francisco, Shanghai and Tel Aviv. In addition to this collaboration, CEC Systems is exploring other long-term collaborative partnerships in the region for the future.
Prerana Mehta, Australian Trade and Investment Commissioner to Singapore, said, “Australian start-ups like CEC Systems, collaborating with high caliber Singapore entities such as SIMTech, to exchange ideas and develop new technologies, is exactly what we are encouraging.”
Earlier this year, CEC systems received an AUD$282,000 Accelerating Commercialisation grant from AusIndustry to explore the commercial benefit of COLLAPSECON® to the shipping and logistics industries as compared to traditional shipping containers. And now with the support of SIMTech, CEC Systems is ready to lead the next wave of change in the shipping and logistics industry.
“It is a really exciting time for CEC Systems,” explained Nicholas Press. “With the shipping industry suffering from high operating costs and low profit margins, as well as the continued drive for increasing returns-on-investment and reducing environmental impact, we are dedicated to being on the forefront of technological innovations and pioneering integrated solutions to the complex challenges that our industry face.”