Lynxter and 3Deus Dynamics have entered a strategic partnership which sees the companies combine their respective silicone 3D printing and dynamic moulding technology.
The company may seek to relaunch operations in the US as early as the end of this year, but that will depend on if the company can be restructured with the required funding in the coming weeks.
Desktop Metal has filed a second lawsuit against Nano Dimension, with the company now alleging that Nano breached the terms of their merger agreement when it moved to acquire Markforged last September.
The engine was generated autonomously with the company's Noyron Large Computational Engineering Model. It follows LEAP 71's successful hot fire testing of the a computationally engineered rocket engine in June 2024 - believed to be a world first.
Existing investors Techstart, Innovation Ulster Limited, and Clarendon were joined in the fund-raising effort by three new investors: 57 Stars, Whiterock, and Innovate UK.
It comes after the company denied it had entered bankruptcy in November, responding to rumours that were sparked by its decision to pull out of the Formnext exhibition at late notice.
Velo3D has come under new ownership after Arrayed Additive, Inc. exchanged approximately 22.4 million USD (81.7%) of its outstanding senior secured notes & 369,USD of accrued interest for 185,151,333 newly issued shares of the company's stock.
TCT Group Content Manager Sam Davies speaks to Forward AM CEO Martin Back about the company's insolvency, the complex carve out from BASF, and what comes next.
For the company's new management team it represents a 'second step' of their plan to relaunch the Shapeways brand and service offering, and will allow creators to monetise their digital designs.
BMW is already using the 3D printing line - which consists of six 3D printers, as well as 3D measurement and core removal solutions, to produce printed moulds for components of its new six-cylinder generation.
These changes at board level will cast fresh doubt as to whether the impending acquisitions by Nano Dimension of Desktop Metal and Markforged will be concluded, since Murchinson is believed to be sceptical of the mergers.
