Lockheed Martin is partnering Sweden's Exechon AB and Abu Dhabi based Injaz National to set up a joint venture in the UAE for advanced machining technology.
The Abu Dhabi-based joint venture, Exechon Enterprises will establish an engineering and manufacturing center for Parallel Kinematics Machining (PKM) in the aerospace, defense and automotive sectors, as well as other industrial areas.
Exechon Enterprises will also create an Application and Technology Development Center in collaboration with local industry and academia, establishing the United Arab Emirates as the main supplier of this automated manufacturing technology, the company announced Monday.
"The PKM technology is positioned to meet increasing demand for flexible manufacturing of components made with advanced materials, and the new joint venture will accelerate the launch of the new portable Xmini lightweight PKM system with the capability to automate a number of currently manual manufacturing processes," said Karl-Erik Neumann, CEO of Exechon Enterprises and inventor of the Tricept & Exechon PKM.
"Injaz National's advanced industrial platform and know-how will allow Exechon Enterprises L.L.C. to establish a manufacturing facility for the Xmini that includes technology transfer to the UAE."said Joe Garland, vice president of Strategy and Business Development at Lockheed Martin.
The transaction will demonstrate that the UAE can indeed be the nurturer of innovation and expand in the areas of industrial automation and robotics in the region," said Maher Nasser, managing director, Injaz National.