News and Insights of 3D Printing and Manufacturing
Fortify, a full-stack materials science and digital manufacturing company, announced today that it has received a strategic investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corporation (NYSE: LMT). The funds will be used for the process and material development of additive manufacturing of RF (radio frequency) devices.
According to NNR, Amaero International has signed a binding joint venture (JV) agreement with Rabdan Industries for additive manufacturing and metal powder production in Abu Dhabi, UAE.
SyBridge Technologies will acquire Fast Radius’ assets following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code. Created in 2019, SyBridge is a platform that builds and integrates tooling and mold companies to create a global technological leader that provides value-added design and production solutions across multiple industry verticals. The company is based in Metro Detroit Michigan.
Desktop Metal has now installed more than 1,100 3D printing systems for metal components worldwide – more than 80% of which are direct metal 3D printing systems.
Titomic Limited has further expanded into the United States by entering into a reseller agreement with ADS, Inc. – a tier-1 military supplier that provides tactical equipment, procurement, logistics, government contract management, and supply chain solutions. ADS is the largest supplier to the United States Department of Defense and the Department of Energy.
FITTLE, the equipment financing business of Xerox Holdings Corporation that rebranded as FITTLE in 2022, and is a leading provider of innovative business financing and payment solutions, has entered a partnership with Formlabs to help expand access to the 3D printing company’s best-in-class digital manufacturing tools through increased affordability.
The Board of Directors of BICO Group AB has exercised the authorization granted by the Annual General Meeting to issue up to 6,408,626 class B shares (“New Shares”) in full, equivalent to ten percent of outstanding shares in the company prior to the transaction, through a directed share issue to Sartorius AG.
3D Systems has appointed Dr. Joe Zuiker as the company’s Executive Vice President of Engineering and Operations, effective December 12, 2022, and industry veteran Dr. Brent Stucker, who joined 3D Systems in 2021, as the company’s new Chief Technology Officer of Additive Manufacturing – both of who will report directly to Dr. Jeffrey Graves, the president and CEO of 3D Systems.
Lockheed Martin Corporation, (NYSE: LMT), and Sintavia, LLC, have entered into a collaboration to expand research of metal additive manufacturing (AM) opportunities as an alternative to castings and forgings. AM, also known as 3D printing, has the capability to improve efficiencies in existing castings and forgings supply chains and provide parts with a higher level of detail and greater design opportunities.
Hexagon’s Manufacturing Intelligence division and Stratasys have applied Hexagon’s simulation technology to capture the behavior of Stratasys’ high-performance, ultra-lightweight Antero-reinforced polyetherketoneketone (PEKK) materials and its additive manufacturing processes. These rigorously-validated simulations offer Stratasys customers unique insight – enabling them to lightweight components and introduce new sustainable aircraft and spacecraft, faster.