News highlights:
Today Nanyang Technological University, Singapore (NTU Singapore),
global technology leader HP Inc., and the National Research
Foundation (NRF) announced the new HP-NTU Digital Manufacturing
Corporate Lab.
As Singapore’s newest corporate research laboratory and HP’s
largest university research collaboration worldwide, the HP-NTU
Corporate Lab will drive innovation, technology, skills and
economic development critical for the advancement of the Fourth
Industrial Revolution. This is HP’s first university laboratory
collaboration in Asia.
The $84 million lab supports Singapore’s push toward industry
transformation – in the areas of digital manufacturing and 3D
printing technologies. Advanced Manufacturing and Engineering is
one of four technology domains under the Research, Innovation and
Enterprise (RIE) 2020 Plan, which is Singapore’s national strategy
to develop a knowledge-based innovation-driven economy and
society.
Located at NTU, the HP-NTU Digital Manufacturing Corporate Lab
was launched by Heng Swee Keat, Minister for Finance and Chairman
of the NRF. The NRF facilitates the creation of corporate labs via
public-private partnerships. The Corporate Lab is the 13th
supported by NRF and the seventh such lab at NTU.
The lab’s 100 researchers and staff will focus on digital
manufacturing technologies, specifically in areas of advancing 3D
printing, artificial intelligence, machine learning, new materials
and applications, cybersecurity and customization.
The partnership was inked today by NTU Vice President (Research)
Prof Lam Khin Yong and HP Chief Technology Officer and Head of HP
Labs Shane Wall. It was witnessed by Guest-of-Honor Minister
of Finance and NRF Chairman Heng Swee Keat, NTU President Professor
Subra Suresh, and HP Inc. Chief Executive Officer Dion Weisler.
NRF CEO Professor Low Teck Seng said,
"Corporate laboratories are an integral part of our strategy to
anchor joint R&D partnerships between our universities and
companies in areas that have direct relevance to the growth of
industries in Singapore. The HP-NTU Digital Manufacturing Corporate
Laboratory is significant to our long-term competitiveness in the
advanced manufacturing sector, and ensures that we stay relevant in
the Fourth Industrial Revolution that is evolving and growing
rapidly world-wide. It will also strengthen our capabilities to
support multinational companies for expansion from Singapore into
the region.”
NTU President Prof Subra Suresh said the
partnership with HP is a significant milestone for NTU, as 3D
printing – along with adjacent technologies such as artificial
intelligence (AI), machine learning and cybersecurity – are
integral parts of the Fourth Industrial Revolution.
“NTU has established deep capabilities and is a recognized
leader in the areas of machine learning, data science and additive
manufacturing. These cutting-edge technologies are now an integral
part of NTU’s education and research ecosystem, and the NTU Smart
Campus serves as a test bed for them, aligned with Singapore’s
vision of transforming into a Smart Nation,” Prof Suresh said.
“Together with HP Inc., a renowned innovator and leader in the
tech industry, NTU seeks to address today’s fundamental challenges
with solutions that will benefit both industry and society in
Singapore and the world, such as developing automation that is
capable of boosting manufacturing productivity,” he continued.
“The World Economic Forum estimates more than $100 trillion in
value will be created by digital transformation across all
industries in the next 10 years,” said Dion Weisler, CEO
and President, HP Inc. “HP is helping lead the development
of the underlying technologies, like 3D printing, that will enable
the benefits of this transformation. Singapore is one of our key
worldwide technology development and manufacturing centers in Print
technology. The HP-NTU Digital Manufacturing Corporate Lab will
significantly deepen our involvement here and serve as a nucleus
for this ecosystem. We are proud to collaborate with NTU and we are
looking forward to this becoming a blueprint for innovation,
collaboration and economic progress.”
The new Corporate Lab will be a key pillar of NTU’s Smart Campus
initiative and will build on HP’s strong research and manufacturing
capabilities.
At launch, there will be 15 priority projects to better
understand:
- New materials and applications: including
advanced polymers for manufacturing applications, the development
of bioprinting models toward printing viable tissues, and 4D
printed smart systems that adapt shape with temperature
change;
- Artificial intelligence and machine learning:
helping printers autonomously predict and resolve
issues;
- Cybersecurity: research to improve end-to-end
point security infrastructure and malware mitigation.
The collaboration will also include developing educational
curriculum on designing for Additive Manufacturing – covering areas
such as data management, security, user experience and business
models.
“One out of every three jobs worldwide, more than 30% of global
GDP, and nearly one-third of carbon emissions are related to
manufacturing,” said Weisler. “We are committed to innovating with
purpose, not only driving the technology breakthroughs that improve
HP’s business but also contribute to creating economic opportunity
and improving people’s lives.”
HP began its presence in Singapore in 1970. Today, Singapore is
home to its Asia Pacific & Japan Regional Headquarters, global
supply chain control towers, and print
manufacturing.
About Nanyang Technological University,
Singapore A research-intensive public
university, Nanyang Technological University, Singapore (NTU
Singapore) has 33,000 undergraduate and postgraduate students in
the Engineering, Business, Science, Humanities, Arts, & Social
Sciences, and Graduate colleges. It also has a medical school, the
Lee Kong Chian School of Medicine, set up jointly with Imperial
College London.
NTU is also home to world-class autonomous institutes – the
National Institute of Education, S Rajaratnam School of
International Studies, Earth Observatory of Singapore, and
Singapore Centre for Environmental Life Sciences Engineering – and
various leading research centres such as the Nanyang Environment
& Water Research Institute (NEWRI) and Energy Research
Institute @ NTU (ERI@N).
Ranked 12th in the world, NTU has also been placed the world’s
top young university for the past five years. The University’s main
campus is frequently listed among the Top 15 most beautiful
university campuses in the world and it has 57 Green Markcertified
(equivalent to LEED-certified) building projects comprising more
than 230 buildings, of which 95% are certified Green Mark Platinum.
Apart from its main campus, NTU also has a campus in Singapore’s
healthcare district.
For more information, visit www.ntu.edu.sg.
About HP HP Inc. creates technology that makes
life better for everyone, everywhere. Through our product and
service portfolio of personal systems, printers and 3D printing
solutions, we engineer experiences that amaze. More information
about HP Inc. is available at http://www.hp.com/go/3Dprinting.
About National Research Foundation
Singapore The National Research Foundation
(NRF) is a department within the Prime Minister's Office. The NRF
sets the national direction for research, innovation and enterprise
(RIE) in Singapore. It seeks to invest in science, technology and
engineering, build up the technological capacity of our companies,
encourage innovation by industry to exploit new opportunities that
drive economic growth, and facilitate public-private partnerships
to address national challenges.
Under RIE2020, NRF is committed to create greater value in
Singapore from our investment in research, innovation and
enterprise through 1) closer integration of research thrusts, 2)
stronger dynamic towards the best teams and ideas, 3) sharper focus
on value creation, and 4) better optimised RIE manpower.
For more information, visit www.nrf.gov.sg/RIE2020.
Forward-Looking StatementsThis presentation
contains forward-looking statements that involve risks,
uncertainties and assumptions. If the risks or uncertainties ever
materialize or the assumptions prove incorrect, the results of HP
Inc. and its consolidated subsidiaries (“HP”) may differ materially
from those expressed or implied by such forward-looking statements
and assumptions.
All statements other than statements of historical fact are
statements that could be deemed forward-looking statements,
including but not limited to any projections of net revenue,
margins, expenses, effective tax rates, net earnings, net earnings
per share, cash flows, benefit plan funding, deferred taxes, share
repurchases, foreign currency exchange rates or other financial
items; any projections of the amount, timing or impact of cost
savings or restructuring and other charges; any statements of the
plans, strategies and objectives of management for future
operations, including, but not limited to, our sustainability
goals, including the execution of restructuring plans and any
resulting cost savings, net revenue or profitability improvements;
any statements concerning the expected development, performance,
market share or competitive performance relating to products or
services; any statements regarding current or future macroeconomic
trends or events and the impact of those trends and events on HP
and its financial performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation
or belief, including with respect to the timing and expected
benefits of acquisitions and other business combination and
investment transactions; and any statements of assumptions
underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address
the many challenges facing HP’s businesses; the competitive
pressures faced by HP’s businesses; risks associated with executing
HP’s strategy; the impact of macroeconomic and geopolitical trends
and events; the need to manage third-party suppliers and the
distribution of HP’s products and the delivery of HP’s services
effectively; the protection of HP’s intellectual property assets,
including intellectual property licensed from third parties; risks
associated with HP’s international operations; the development and
transition of new products and services and the enhancement of
existing products and services to meet customer needs and respond
to emerging technological trends; the execution and performance of
contracts by HP and its suppliers, customers, clients and partners;
the hiring and retention of key employees; integration and other
risks associated with business combination and investment
transactions; the results of the restructuring plans, including
estimates and assumptions related to the cost (including any
possible disruption of HP’s business) and the anticipated benefits
of the restructuring plans; the impact of changes in tax laws,
including uncertainties related to the interpretation and
application of the Tax Cuts and Jobs Act of 2017 on HP’s tax
obligations and effective tax rate; the resolution of pending
investigations, claims and disputes; and other risks that are
described in HP’s Annual Report on Form 10-K for the fiscal year
2017, and HP’s other filings with the Securities and Exchange
Commission. HP assumes no obligation and does not intend to update
these forward-looking statements. HP’s Investor Relations website
at http://www.hp.com/investor/home contains a significant amount of
information about HP, including financial and other information for
investors. HP encourages investors to visit its website from time
to time, as information is updated, and new information is
posted.
©Copyright 2018 HP Development Company, L.P. The information
contained herein is subject to change without notice. The only
warranties for HP products and services are set forth in the
express warranty statements accompanying such products and
services. Nothing herein should be construed as constituting an
additional warranty. HP shall not be liable for technical or
editorial errors or omissions contained herein.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9244a652-419c-41cb-9133-7bdfc196299e
Geraldine Kan
Head of Communications, Asia Pacific and
Japan HP Inc.
Email: Geraldine.Kan@hp.com
Lester Kok
Assistant Director Corporate
Communications Office Nanyang
Technological University
Email: lesterkok@ntu.edu.sg
Hoh Suk Mun
Assistant Head, Corporate Communications
National Research Foundation Singapore
Email: hoh_suk_mun@nrf.gov.sg
www.hp.com/go/newsroom
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