SAIHEAT announces the signing of two Memorandums of Understanding for its HEATNUC business line. These agreements aim to strengthen cooperation within the small modular reactor industry in the Middle East and globally. These memorandums of understanding aim to enhance SAI.TECH’s competitiveness in the Middle Eastern and global markets, and further promote its localization strategy in the region. The MoU signed with Jiangsu Shentong Nuclear Equipment Co., Ltd., signifies a strategic partnership focused on the export of electrical and instrumentation control system equipment for nuclear power and engineering projects. This includes butterfly valves, ball valves, check valves, instrument valves, air valves, sight glasses, pit filters, shellfish strainers, and rubber diaphragms, targeting the nuclear power and energy sectors. The collaboration also encompasses nuclear safety and quality management initiatives. The second MoU engaged with Shanghai Kaiquan Pump Co., Ltd., outlines plan for joint production of nuclear and Small Modular Reactor equipment and components. This collaboration aims to enhance competitiveness and localize production in the Middle East. Shanghai Kaiquan’s products cover all types of Class II and III centrifugal pumps, including vertical/horizontal single-stage single-suction and horizontal single-stage double-suction centrifugal pumps, as well as vertical, etc. The collaboration aims to jointly manufacture nuclear and Small Modular Reactor equipment and components, focusing on boosting competitiveness and localization efforts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAIH: