Lloyd’s Register says that it intends to establish a Joint Lab facility with A*STAR’s Institute for High Performance Computing (IHPC) to co-develop applications and solutions, and that this arrangement should promote R&D activities in modelling and simulation.
To encourage the development of technical expertise and young engineers, PhD students will be trained at the GTC during the programme’s initial five-year period.
These students will be working on R&D projects between the technology centre and Singapore's institutes of higher learning such as the National University of Singapore and Nanyang Technological University.
“Our investment in the new Lloyd's Register Group Technology Centre in Singapore, coupled with the agreement with A*STAR, represents a shared vision to create a long-term centre of excellence for technology, innovation and research that will benefit Singapore, industry and society at large,” said Richard Sadler, chief executive officer of Lloyd’s Register.
“It underlines our global commitment to understanding the sciences and technologies that help to ensure that people are safe and that essential assets perform as required.”
“Promoting innovation through research and development is absolutely fundamental to Lloyd’s Register’s public-benefit mandate. Along with our Group Technology Centre at the University of Southampton in the UK, the Singapore GTC will serve as a cornerstone for our global research-and-development network, which currently includes 48 academic and technical institutions sponsored by The Lloyd’s Register Educational Trust.”
The capabilities and resources of the new centre will be scaled up over five years, with investment in the new centre expected to reach US$35 million.
By year five, up to 150 full-time engineers, researchers and doctoral students are expected to be jointly employed and working together with industry on projects of mutual interest, Lloyd's Register said.