The food and beverage company has a team of three experts using 3D printing systems to produce replacement and spare parts, with a tandardised process for 3D printing technology being developed in the last year.
The consortium includes 3T Additive Manufacturing, BeyondMath, Qdot Technology and the Oxford Thermofluids Institute, and has received 14.1 million GBP of funding from the UK Government.
With an emphasis on transportation-grade homologations and standards, the four new materials consist of two elastomers (RU55 - Shore 55A and RU70 - Shore 70A) and two rigid polymers (ST3-V0 and ST3-HB).
In partnership with RTX and the Raytheon Technologies Research Center (RTRC), Velo3D is looking to develop a high throughput process that is cost-effective.
Private investment firm Partners Group has acquired a significant minority stake in the company for 65 million USD, while existing shareholders have grown their respective shares for around 39 million USD.
The agreement will see the US Navy purchase a Sapphire XC printer to support the Maritime Industrial Base Program's efforts to accelerate ship repairs.
Molyclast alloys, which are compatible with 3D printing, are said to feature 100x finer grains than current state-of-the-art and fully isotropic properties.
Quantum, which was founded to 'ensure the sustainable growth of strategic industrial assets' has acquired all of BCN3D's assets, including its headquarters and the production facility it opened last year.
A provisional patent has been filed, with RMIT now considering commercial opportunities to further develop its approach for the aerospace and medical device industries.
