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.
Backflip, an AI technology start-up set up by founders of 3D printing company Markforged, has emerged from stealth mode with 30 million USD in funding.
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.
German newspaper Obermain-Tagblatt claims that a meeting of all employees based in Lichtenfels was held in December, with Colibrium leadership explaining significant job cuts would be necessary.
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.
The lawsuit alleges that the additive manufacturing company has breached its obligation to use reasonable best efforts to obtain regulatory approval as soon as practicable in connection with its proposed merger agreement.
Nano Dimension has appointed Mr. Julien Lederman, who has served as Vice President of Corporate Development since March 2021, as Interim CEO and is now looking for a permanent replacement.
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.
CA Models is an established, reputable rapid prototyping and model making business, working across many industries including Aerospace, Formula 1, Medical Device, Oil and Gas and Product Design.
