Log In | Become a Member | Contact Us


Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     Printing News Joins WhatTheyThink     Printing Forecast 2018     Production Inkjet     Installations and Placements Tracker

Xaar Announces Joint Investment in 3D Printing

Friday, July 13, 2018

Press release from the issuing company

Cambridge – Xaar PLC is pleased to announce today that it will invest with Stratasys, a global leader in additive manufacturing, in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions based on High Speed Sintering technologies. Xaar 3D Ltd will leverage the natural synergies between Xaar and Stratasys, specifically Xaar’s technology relating to High Speed Sintering and industrial piezo inkjet printheads, along with the commercial and market expertise of Stratasys.

Xaar will hold 85% of Xaar 3D Ltd shares with Stratasys holding 15%. In addition, Stratasys has been granted an option to increase its ownership in Xaar 3D Ltd to a total of 30%. Xaar 3D Ltd will hold all of Xaar’s High Speed Sintering assets. The new company’s Board will be chaired by Xaar CEO, Doug Edwards.

Doug Edwards, Chief Executive Officer, Xaar
“We are delighted to launch our partnership with Stratasys. This joint investment in the development of 3D printing technologies reinforces the value created by our R&D and continues our plan to diversify Xaar’s business. We are also pleased to be working alongside a leader in the 3D printing space, who recognises the value of Xaar’s technology and expertise.”

Scott Crump, Chief Innovation Officer, Stratasys
“We are impressed with the Xaar team’s achievements to date. We believe that the complementary assets of Stratasys and Xaar will enable Xaar 3D Ltd to develop solutions that further address customers' additive manufacturing requirements for a broader range of production applications.”

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print


Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2018 WhatTheyThink. All Rights Reserved