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ANCA and CSIRO developing hybrid AM system for tungsten cutting tools Additive Manufacturing

ANCA, an Australian manufacturer of machine tools, is teaming up with national science agency CSIRO, Sutton Tools and the Advanced Manufacturing Growth Centre (AMGC) to develop and bring to market a new hybrid manufacturing platform that combines additive and subtractive capabilities. The new and potentially disruptive system will be designed to manufacture custom cutting tools made from tungsten.

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3D Systems 2016 Revenues Decreasing Slightly as Company Rebounds Money & Funding

While some were expecting the armageddon – after the excessive euphoria of the 2013-2014 period – the company seems to be doing just fine with 3D Systems 2016 revenues decreasing just slightly for the full fiscal year. To be precise, revenues decreased 5% to $633.0 million compared to $666.2 million in 2015, which included approximately $20 million of revenue from consumer products that the company discontinued at the end of 2015. The company reported a GAAP loss of $0.35 per share for 2016 compared to a loss of $5.85 per share in 2015 and non-GAAP earnings of $0.46 per share compared to non-GAAP earnings of $0.27 per share in 2015.