SAIHEAT Strengthens its Leadership Position in the Middle Eastern Nuclear and SMR Markets with Two Memorandums of Understanding (MoU)
SAIHEAT Limited - Class A Ordinary Shares (SAIH)
Company Research
Source: GlobeNewswire
SINGAPORE, Sept. 23, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), announces the signing of two Memorandums of Understanding (MoU) 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 collabor
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