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ASU professor awarded  million 3DConcrete grant for construction 3D printing Construction 3D Printing

ASU professor awarded $2 million 3DConcrete grant for construction 3D printing Construction 3D Printing

ASU Professor Narayanan Neithalath and four colleagues have been awarded the $2 million 3DConcrete grant from the National Science Foundation to foster collaboration around concrete 3D printing research across more than a dozen countries. Construction 3D printing technology generated these examples shown with Sooraj Nair, a doctoral student in Neithalath’s lab group. The technique offers the potential to change the nature of construction.

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Tesla and SolarCity to Combine 3D Printing Processes

Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world’s only vertically integrated sustainable energy company. Solar and storage are at their best when they’re combined. As one company, Tesla (storage) and SolarCity (solar) can create fully integrated residential, commercial and grid-scale products that improve the way that energy is generated, stored and consumed. Now is the right time to bring our two companies together: Tesla is getting ready to scale our Powerwall and Powerpack stationary storage products and SolarCity is getting ready to offer next-generation differentiated solar solutions. By joining forces, we can operate more efficiently and fully integrate our products, while providing customers with an aesthetically beautiful and simple one-stop solar + storage experience: one installation, one service contract, one phone app. We expect to achieve cost synergies of $150 million in the first full year after closing. We also expect to save customers money by lowering hardware costs, reducing installation costs, improving our manufacturing efficiency and reducing our customer acquisition costs. We will also be able to leverage Tesla’s 190-store retail network and international presence to extend our combined reach. Here are some key terms of today’s announcement: this is an all-stock transaction with an equity value of $2.6 billion based on the 5-day volume-weighted average price of Tesla shares as of July 29, 2016. Under the agreement, SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla shares as of July 29, 2016. After comprehensive due diligence in consultation with independent financial and legal advisors, the independent members of the Tesla and SolarCity boards of directors approved this transaction. Tesla’s financial advisor was Evercore, and Wachtell, Lipton, Rosen & Katz was its legal advisor. The financial advisor to the special committee of SolarCity’s board of directors was Lazard and its legal advisor was Skadden, Arps, Slate, Meagher & Flom. As part of the agreement, SolarCity has a 45-day period known as a “go-shop”, which runs through September 14, 2016. This means that SolarCity is allowed to solicit alternative proposals during that time. Each company today filed a Form 8-K with the SEC that provides additional details regarding the transaction. While today’s news is a big step, it isn’t the finish line – we expect the transaction to close in the fourth quarter of 2016. Before then, the deal must be approved by a majority of the disinterested shareholders of both Tesla and SolarCity voting at each shareholder meeting. We also need to obtain regulatory approval and meet other closing conditions.

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Steve Immel joins Sigma Labs leadership AM Industry

Sigma Labs, Inc., a developer of quality assurance software for additive manufacturing, has announced that AM industry veteran Steve Immel is joining its leadership team in the position of Senior Director Business Development for North America. In his new role, Immel will be responsible for engaging with 3D printer OEMs, additive manufacturing companies, academic institutions and research groups to accelerate the adoption of Sigma Labs PrintRite3D in-process quality assurance solutions for production applications.

Dubai Municipality Wins Innovation Award for the Largest 3D Printed Building

Dubai Municipality Wins Innovation Award for the Largest 3D Printed Building

Dubai Municipality has won the UAE Ideas Award organized by the Dubai Quality Group under the slogan, ‘Nothing is Impossible,’ for the category of ‘Innovation in the field of inventions’ for constructing the World’s Largest 3D Printed Building. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, had launched the Dubai 3D Printing Strategy as a unique global initiative.

A Massivit 3D acceleration to adopting 3D printing in construction Construction 3D Printing

A Massivit 3D acceleration to adopting 3D printing in construction Construction 3D Printing

The introduction of 3D printing – in any form – into the construction industry is among the most fascinating and, at the same time, challenging endeavor. On the one hand, the most advanced and technologically complex, digital manufacturing processes; on the other an industry that has notoriously been slow to introduce change. For these reasons, many see construction as the area with the highest potential for 3D printing innovation. And business. The shift is going to be gradual and any potential adopter will benefit from introducing 3D printing technologies that can significantly enhance traditional construction practices. Massivit 3D’s large-volume 3D printing technology for construction is doing just that. By providing cost-effective 3D printed tools to leverage the geometric benefits of AM, without foregoing the use of traditional materials, Massivit 3D is enabling innovative constructions and restorations. These projects – from statues to capitols and decorations of historical Italian palaces –  would not have been cost-effective by either traditional construction methods or direct concrete 3D printing.