With this additional capital, the company hopes to accelerate these developments to meet the ‘timelines of customers who are eager to adopt this cutting-edge technology.’
Acuity is said to have moved to invest in the technology to ensure a vertical integration of manufacturing processes, helping the company to gain better control of cost, lead times and quality.
Users of the RenAM 500 series of machines will now be able to process pure copper, H13 tool steel, Hastelloy X alloy, super-duplex stainless steel and AlSi7Mg aluminium alloy, opening up a range of new applications.
The vote was held at a special meeting of Desktop Metal shareholders, with 96% of the total shares participating in the vote being cast in favour of the acquisition.
Chung has been appointed in line with the company's growth initiatives for 2024 and beyond, and will be responsible for driving its financial strategy.
The company says the new machine offers 'superior industrial 3D printing in a desktop size', boasting high-speed printing, exceptional print quality and expanded material versatility.
German 3D printing company xolo has announced a co-branding agreement with Rousselot which will see the former integrate the latter's X-Pure GelMA solution into its bioinks for volumetric 3D printers.
TCT Group Content Manager Sam Davies visits Copner Biotech to learn more about their bioprinting machinery and a 3D printing-enabled cell culture scaffold.
TCT Group Content Manager Sam Davies charts the journey of Shapeways, from 3D printing pioneer to public company, and bankruptcy to its recent rebirth.
