Miltrade And GEOSAT Sign Memorandum Of Understanding To Develop MRO In Taiwan
Miltrade Technologies Pte Ltd signed a Memorandum of Understanding (“MOU”) with GEOSAT Aerospace & Technology Inc. to collaborate in the field of Maintenance Repair & Overhaul (“MRO”) Services for the security forces in Taiwan.
Under the MOU, both Miltrade and Geosat will explore collaborating in the areas of preventive and corrective maintenance (PM and CM) for aerial platforms; marine and land systems. In this partnership, Miltrade will benefit from the extensive Geosat sales and service channels in Taiwan, while Miltrade will contribute technical expertise as authorized Service Centers to several OEM’s and integrated logistic support (ILS) for repair and overhaul of high-value defence and security assets.
Mr. Baljit Singh, CEO of Miltrade said, “We are highly adaptive in our approach to solving problems for end users in sustainment costs and to reduce turnaround times of repairs. We do it by leveraging on our hub location (Singapore) in Asia and our strong relationships with all our OEM partners in the US and in Europe. We are confident in bringing the right MRO supply model to our partner Geosat to serve the Taiwan market.”
The MOU was signed by Mr. Richard Yong, COO of Miltrade and Mr. Lo Cheng-Fang Chairman & CEO of Geosat. It was witnessed by Baljit Singh, CEO of Miltrade; Mr. Liu Shih-Chung, Vice Chairman – Taiwan External Trade Development Council (TAITRA) and Mr. Chin Fu Hung, Chairman Cheng An Technology Co., Ltd.
GEOSAT Aerospace & Technology Inc. was founded in 2004. The company is a total service provider in UAV solutions with capabilities from design, testing to manufacturing of UAS and UAV solutions in Taiwan. The expertise in Geosat ranges from aerospace, geo-informatics, urban development, spatial information, system integration, aerial photogrammetry and remote sensing. The company expanded into MRO in 2017 and is one of the upcoming players in Taiwan in aviation MRO.