Harnessing this investment, Firestorm Labs intends to advance its additive manufacturing platform with the addition of more engineers, a larger production facility and an expansion of its partnership program.
The German machine tool and laser technology company has signed an agreement with private equity fund LEO III Fund, advised by the DUBAG Group, to sell its metal 3D printing segment as it turns its focus to its industrial core businesses instead.
Barcelona-based digital media outlet Crónica Global reported last week that BCN3D had failed to successfully negotiate a restructuring of its debts with creditors.
Typically, Jinxbot addresses the high-mix, rapid-turn prototyping needs of a variety of customers, focusing on solving 'unusual and time-sensitive' manufacturing challenges.
Forward AM Technologies, which spun out of BASF last summer and filed for insolvency towards the end of 2024, confirmed it was under new ownership in an email to partners and stakeholders.
With this new strategic backing, MX3D aims to fast-track global deployment of its range of 3D printing systems and expand its Print-on-Demand services.
Research from Florida International University found over 1,oysters, mussels, sponges, algae, and eight fish species colonising the first 100 linear feet of Kind Designs’ seawall within nine months of deployment.
With this latest backing, 3D Spark has expected to expand its technology coverage to include broader conventional manufacturing methods like casting, milling and sheet metal fabrication, while enhancements to its marketplace will also be made.
