Jul 12, 2018 | By Thomas
Xaar PLC (LON:XAR), a UK manufacturer of industrial inkjet printheads based in Cambridge, has announced that it will invest with Stratasys in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions based on High Speed Sintering technologies.
Xaar 3D Ltd will leverage the natural synergies between Xaar and Stratasys, specifically Xaar’s technology relating to High Speed Sintering and industrial piezo inkjet printheads, along with the commercial and market expertise of Stratasys.
Xaar’s High Speed Sintering (HSS) is a technology invented by Neil Hopkinson, who joined the company in March 2016. He is the foremost expert on HSS printing, which uses inkjet printheads and infared heaters to print, layer-by-layer, from polymer powder materials at much higher speeds than other 3D print methods allow.
“We are delighted to launch our partnership with Stratasys," said Xaar CEO Doug Edwards. "This joint investment in the development of 3D printing technologies reinforces the value created by our R&D and continues our plan to diversify Xaar’s business. We are also pleased to be working alongside a leader in the 3D printing space, who recognises the value of Xaar’s technology and expertise.”
Xaar will hold 85% of Xaar 3D Ltd shares with Stratasys holding 15%. In addition, Stratasys has been granted an option to increase its ownership in Xaar 3D Ltd to a total of 30%. Xaar 3D Ltd will hold all of Xaar’s High Speed Sintering assets. The new company’s Board will be chaired by Xaar CEO, Doug Edwards.
“We are impressed with the Xaar team’s achievements to date," commented Scott Crump, Chief Innovation Officer of Stratasys. "We believe that the complementary assets of Stratasys and Xaar will enable Xaar 3D Ltd to develop solutions that further address customers' additive manufacturing requirements for a broader range of production applications.”
Posted in 3D Printer Company
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