Logo
  • Press Releases
    • Technology Press Release
    • Social Pluggs
    • Press Releases
    • Legal Press Release
    • Home Decor Press Release
    • Health Press Release
    • Featured Stories
    • Entertainment & Lifestyle Press Release
    • Business News
    • Blog Stories
  • News
  • Video News
  • Create Account

SyncFab Partners with the National Tooling and Machining Association (NTMA)

New York, NY, USA, 06/21/2019 / Story.KISSPR.com /

San Francisco, CA / June 21, 2019 /  — SyncFab, the first Manufacturing Blockchain® solution for parts suppliers and buyers, has announced a strategic partnership with the National Tooling and Machining Association (NTMA). The new relationship will grant access to SyncFab’s advanced manufacturing blockchain platform for over 1,300 NTMA members across the United States. As the national representative of the precision custom manufacturing industry, NTMA members generate more than $30 billion in sales combined.  

New SyncFab users will be able to build from an extensive parts library where all previously ordered parts are available for fast and easy re-ordering.  With its unique solution, SyncFab utilizes blockchain smart contracts and data-driven smart manufacturing to optimize the external supply chain available to OEM Buyers in the United States and beyond.

SyncFab’s system allows for the commercial procurement of manufactured parts backed by the security, speed and immutability of records blockchain offers. Orders are secure, instant, and streamlined. The SyncFab network creates a decentralized economy between producers and buyers to improve cost, capacity utilization and security using trustless incentivized transactions.

Buyers reward manufacturers for quotes and manufacturers reward buyers for reorders. Small, local manufacturers are given a level playing field against large firms as no quotes get special treatment within the network. In addition, SyncFab’s platform digitally captures partner information to offer time-sensitive status updates and data related to the production process and supply chain planning.

“The goals of our partnership are to better understand the availability and capabilities of suppliers, integrate them with our blockchain solution, improve security and capacity utilization, and a more seamless experience with OEM purchasing departments who need to plan for contingencies in their supply chain,” said Jeremy Goodwin, Founding CEO of SyncFab.

“We are really excited about our new partnership with SyncFab.  Access to SyncFab’s advanced manufacturing blockchain platform is a great advantage for our members.  With an extensive parts library and fast, easy and secure re-ordering, blockchain technology can make a huge impact on supply chain management for NTMA members,” said Doug DeRose, Interim President of NTMA.

While many NTMA members are privately owned independent businesses, the products and services provided are absolutely vital to the global economy serving as the backbone of the industrial manufacturing supply chain. Industries range from aerospace and automotive to electronics to medical and renewable energy. The NTMA is organized into 31 local chapters throughout the United States.

About SyncFab:

SyncFab is a distributed manufacturing platform founded and headquartered near Silicon Valley that streamlines the way OEM hardware supply chain buyers procure, manage, and track precision parts production securely using blockchain technology. Learn more about how SyncFab benefits manufacturers.

About NTMA:

NTMA is the national representative of the custom precision manufacturing industry in the United States. NTMA has 31 chapters throughout the U.S. and over 1,300 member companies that design and manufacture special tools, dies, jigs, fixtures, gages, special machines, and precision machined parts, representing more than $30 billion in sales annually. While many of NTMA members are privately owned independent businesses, the products and services they provide are vital to the nation’s economy, serving industries from aerospace to electronics to nuclear power. More information: www.ntma.org.

Media Contact: Robert Penington, Throne PR, [email protected]

Source: Story.KISSPR.com

Release ID: 12412

Like Us on Facebook

  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Related posts:

DOSarrest Adds New DDoS Protection Node in Singapore Professional Remove & Bypass iCloud Lock Screen iPhone 6,5 or iPad 2,3,4 Air Pro Aitheon Announces Strategic Partnerships Ahead of Platform Launch Safety and Security Online: The Story of VPNoverview.com
June 21, 2019   Editor
Editor June 21, 2019 1:44 am
Business News, Featured Stories, Press Releases, Technology Press Release Blockchain, Manufacturing Blockchain Platform, National Tooling and Machining Association, NTMA, SyncFab
×

Categories

  • Automotive PR
  • Blog Stories
  • Business News
  • Criminal Law
  • Dallas
  • Employment Law
  • Entertainment & Lifestyle Press Release
  • Events
  • False Clam Act
  • Featured Stories
  • Google Hangouts
  • Health Press Release
  • Home Decor Press Release
  • Legal Press Release
  • News
  • Personal Injury Law
  • Press Releases
  • Press Releases
  • Restaurant & Dining
  • Rising Star
  • Social Pluggs
  • Sports
  • Technology Press Release
  • Twitter
  • Video News
  • West Palm Beach

Recent Press Releases

  • Important skill sets that every Bitcoin Trader or Investor must have – Lorenzo April 20, 2022
  • Why should you hire car accident lawyers in California ? – Shehad April 20, 2022
  • BalkanPharmacy: A Comprehensive Guide To Buying Medicines Online – Levi April 20, 2022
  • Madden NFL 22 – Taysom Hill’s ‘Flashbacks’ Trump Card – Andrew April 20, 2022
  • Pump Signal Yields the Opportunity of a Free Trial on Their Arbitrage System for Two Weeks April 20, 2022
  • The Complicated World of Random Numbers and Their Applications in the Tech World Tamildada – Rocky April 20, 2022
  • Arf Announces the World’s First Transactional Stablecoin-Based Working Capital Credit Line for MSBs Worldwide April 20, 2022
  • 4 reasons to understand the home buying process – Frankie April 20, 2022
  • LBank Exchange Will List Active World Rewards Token (AWRT) on April 22, 2022 April 20, 2022
  • The Time-Limited NBA 2K22 Season Metamorphosis Collection Is Here – Gabriel April 20, 2022
  • Update on BlockMint’s Cryptocurrency Mining Operation in the USA April 20, 2022
  • Is whole milk nutritious as formula? – Maxwell Keith April 20, 2022
  • Crypto Oasis Partners with GamesCoin Group to Bring Their Blockchain Gaming Metaverse to the Middle East April 20, 2022
  • Looking at starting a business in Italy as a foreigner? Request a work visa – Harry Robinson April 20, 2022
  • Whale Coin Talk Launches Upgraded Website, Premium Features Featuring Recent AMAs, Crypto News, and an Intuitive Daily AMA Countdown April 20, 2022
  • How The Metaverse Will Influence Online Gaming – Lakisha Davis April 20, 2022
  • Australia’s first Bitcoin EFT to launch next week April 20, 2022
  • The Investigation of Business Vehicle Accidents – Jenna Walter April 20, 2022
  • Elite Token Launches Its First Play2Earn Game April 20, 2022
  • PHP Web App Development Benefits For Businesses – John Norwood April 20, 2022

Share Buttons

  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Tags

Boca Car Accident Lawyer business charity cosmetic surgery dallas dallas criminal defense lawyer digital marketing eBooks education Entertainment facebook finance florida google HVAC Contractor indoor air quality iPhone King Mohammed VI lender marketing Missguided MOROCCO mortgage Music nfm lending NFM Salute online forms Parcel2Go parcel delivery Philadelphia car accident lawyer real estate Royal Thai Army search engine optimization seo Small Business Social media Southern Surgical Arts technology Texas Texas criminal defense lawyer Thai Army Thailand The Harley Medical Group twitter Zara Tours

Old Stories

Copyright © 2022 Submit123PR | Press Release Service
Simple Share Buttons