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The phrase "as it prepares" is correct and usable in written English.
You can use it to describe an action or process that is happening while something is getting ready or being set up.
Example: "The team discussed their strategy as it prepares for the upcoming competition."
Alternatives: "while it gets ready" or "as it gets set up".
Exact(56)
The commission vowed to further explore educational financing and costs as it prepares its final report, due in September.
Doppler Labs is growing its executive team as it prepares to ship its first major product release.
Facebook has been looking to bolster its board as it prepares to go public, perhaps as soon as next year.
This has become Army's new mantra as it prepares for its most storied rivalry.
It is an embarrassment for Brazil as it prepares for its two huge sporting events, say correspondents.
Based on Nintendo's early showing, Sony will have a formidable equal as it prepares for its E3 activities.
It amounts to a new series of challenges to Microsoft as it prepares to release its Windows 8 operating system.
But as it prepares to celebrate its 100th anniversary, the mood today is decidedly upbeat.
Labour is focusing on the economy as it prepares to launch its election manifesto.
Lilu, however, may face its own challenges as it prepares to launch.
Tesco Bank has reported strong growth in its annual figures, as it prepares to move into the mortgage market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com