SyncFab Co. which offers supplychain blockchain solutions, has signed a strategic deal granting Lockheed Martin, security and aerospace company, access to SyncFab’s secure supplier intelligence platform, which connects Original Equipment Manufacturers (OEMs) to Swissmem members on SyncFab’s platform in order for the OEMs to match with subject matter expert (SME) supplier capabilities across Switzerland.
“SyncFab is honored and privileged to work with Lockheed Martin in our mission to expand access and digitally transform Swiss Industrial Supply Chains in partnership with Swissmem,” said SyncFab founder and CEO Jeremy Goodwin. According to SyncFab, the company offers the first Supply Chain Blockchain® solution for parts suppliers and buyers. SyncFab is partnering with Swissmem, utilizing SyncFab’s platform to digitally transform the Swiss Aerospace Supply Chain.
Other top defense suppliers such as Thales, RUAG, and Mercury have joined the SyncFab platform consortium, according to SyncFab. It stated it has also partnered with the U.S.-based National Tooling and Machining Association (NTMA) and their more than 1,400 SME supplier members.
The platform works as a “matchmaker” between OEMs and SMEs, enabling SMEs to compete for long-term supply chain opportunities with large international companies. This platform has already helped mechanical engineering and electronics firms in the U.S. provide products and services to large OEMs, including electronics, aerospace, automobile, medical technology, and renewable energy.
The SyncFab-Swissmem partnership will initially aid Swiss SMEs in supplying for the offset transaction requirements of the Swiss Armed Forces and air defense system. After this initial testbed phase, SyncFab’s platform will then be open to the entire Swissmem industry.