Xaar Nottingham 3D Centre
Xaar 3D Limited will develop 3D printing solutions based on High Speed Sintering technologies.
Inkjet technology leader, Xaar PLC and additive manufacturing (AM) giant, Stratasys have announced a joint investment in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions based on High Speed Sintering technologies.
The new company will leverage Xaar’s High Speed Sintering technology and industrial piezo inkjet printheads, along with Stratasys' commercial and market expertise.
Xaar will hold 85% of Xaar 3D Ltd shares while Stratasys will host 15% with an option to increase its ownership to a total of 30%. Xaar 3D Ltd will hold all of Xaar’s High Speed Sintering assets and the new company’s Board will be chaired by Xaar CEO, Doug Edwards.
“We are delighted to launch our partnership with Stratasys,” Doug Edwards, Chief Executive Officer, Xaar commented. “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.”
“We are impressed with the Xaar team’s achievements to date,” Scott Crump, Chief Innovation Officer, Stratasys added. “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.”
First developed in 2003, Xaar’s High Speed Sintering technology is an AM process which utilises inkjet print heads and infrared heating technology to build parts layer by layer. The company has made significant investment in its 3D printing technology, establishing facilities at it's base in Copenhagen and last year opening a dedicated 3D printing facility in Nottingham to serve Original Equipment Manufacturers, material suppliers and end users.
