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SAIHEAT Signs a Memorandum of Understanding (MoU) to Strengthen its Leadership Position in the Middle East Nuclear and SMR Markets

SAIHEAT Limited - Class A Ordinary Shares (SAIH) 
Company Research Source: GlobeNewswire
SINGAPORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces the signing of a Memorandum of Understanding (MoU) for HEATNUC products. This agreement aim to enhance strengths in product development and marketing. The MoUs are designed to boost the company's competitiveness in the Middle East and global markets. This strategic move will further advance SAIHEAT's localization strategy in the region, solidifying market position while expanding influence. This Memorandum of Understanding (MOU) was signed with Jiangsu Xuanrui Vibration Damping Equipment Co., Ltd. and marks the establishment of a strategic partnership between the two companies, focusing on the commitment to support hangers and hydraulic dampers. This includes coverage of second-generation plus, the introduction of third-generation (EPRAP1000) independent third-generation ("Hualong One", Guohe One) four-generation nuclear powe Show less Read more
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