3D printing company Arigin Medical completes series A funding round: 3 things to know

Shanghai, China-based orthopedic 3D printing company Arigin Medical completed its series A investment round, www.3ders.org reports.

Here are three things to know.

1. Proxima Ventures, Dingxin Capital and Delta Capital led the funding round. Zhiyuan was the exclusive financing consultant for this investment and financing round.

2. Arigin Medical offers an independently developed 3D printing software system for medical applications and personalized 3D orthopedic implants such as spinal cages.

3. The orthopedic implant segment is likely to be the company’s biggest area of growth.

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Global Medical 3D Printing Market 2017 – Arcam AB, ExOne Company, Ponoko Limited, H …

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In this report, the Medical 3D Printing market worth about X billion USD in 2016 and it is expected to reach XX billion USD in 2021 with an average growth rate of X%. North America is the largest production and consumption region in the world, while China is fastest growing region.

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GKN Group Consolidates All Additive Manufacturing Activities Into New Company Brand

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Global engineering group GKN plc has separate, specified company divisions in aerospace, automotive engineering, and powder metallurgy, and has utilized additive manufacturing in each of them for years, working to refine and research the technology. GKN has produced, certified, and seen its 3D printed aerospace components fly the friendly skies on nearly ten major platforms, and many of its 3D printed automotive parts are currently in use as well; the company is also a specialist AM powder producer. More than 58,000 people in over 30 countries are employed at GKN companies and joint ventures, and I would guess there will be more to come now that the company has announced it has consolidated all of its additive manufacturing activities together into a single, new brand – GKN Additive.

“GKN Additive is an incredibly exciting venture and the potential applications for the technology are endless,” said Jos Sclater, Head of Strategy at GKN. “The benefits of AM are significant, both for our customers and the world around us in terms of greener, more efficient production. There is also a tangible feeling that manufacturing is suddenly a very exciting place to be for the brightest and best engineering talent. That is great for the future of the industry and I am delighted that GKN Additive will be at the forefront of this revolution.”

Vulcain 2.1 demo nozzle, which is used for the Ariane 6 rocket and has over 50 kg of metal 3D printed onto the system, and the Vulcain 2 nozzle, for the previous Ariane 5 rocket.

As the company’s new brand puts it, AM technology is a new way of thinking about how today’s products are designed and manufactured. The GKN Additive brand combines advanced 3D printing technology with the company’s history of manufacturing parts for aerospace and automotive engineering.

The brand operates from multiple global centers of excellence in four countries, which focus on all production aspects, including powder production, manufacturing, and final part certification. Three of these centers are located in the US, and four are across the pond – the company’s UK headquarters, which specializes in powder bed processes, two in Germany, and one in Sweden. GKN Additive provides customers around the world with a complete AM solution, so they can use creative solutions and high-quality materials and processes to overcome engineering challenges across multiple industries.

There are four important factors in producing additively manufactured components for industrial purposes, the first of which is understanding the raw materials; in this case, metal AM powder. The second is the all-important process knowledge, so manufacturers can decide which specific AM technology to use, be it laser metal deposition, selective laser sintering, or powder bed fusion. An expertise in manufacturing is essential when you’re actually producing the components, as well as the fourth factor – the ability to certify or qualify the parts so they can be used.

“Thanks to our specialist powder business, Hoeganaes, and based on our 250 years of manufacturing and engineering experience, GKN is outstandingly placed to continue to lead in all four areas,” said Sclater. “And by bringing our AM expertise together in GKN Additive, we are not only able to continue supporting existing customers in our core aerospace and automotive markets, but also to explore entirely new AM markets too. It is an exciting step for GKN and a statement of our AM intent.”

Hoeganaes is part of GKN’s powder metallurgy division, and according to a DEVELOP3D blog post, agreed earlier this year to manufacture titanium powders in North America for AM applications in a joint venture agreement with TLS Technik in Germany.

Sclater’s mention of ‘intent’ is perhaps the most important part of the company’s announcement – this new AM brand consolidation is a signal to the rest of the world that GKN means business when it comes to additive manufacturing technology. Even though GKN Additive was just launched, the goal is for it to eventually become the “focal point” for all of the company’s AM projects.

What do you think of this news? Join the discussion of this and other 3D printing topics at 3DPrintBoard.com, or share your thoughts in the Facebook comments below.

[Source: ADS Advance / Images: GKN]

Caterpillar invests $2 Million in bricklaying 3D printer company Fastbrick Robotics

Jul 6, 2017 | By Benedict

Fastbrick Robotics, an Australian construction company that has built a bricklaying 3D printing robot, has signed a Memorandum of Understanding (MoU) with construction giant Caterpillar. The two companies will work together to develop Fastbrick’s robotic bricklaying technology.

Whether you want to call it a 3D printer or not—Fastbrick Technologies does, purists probably won’t—there’s no denying that a powerful bricklaying robot has huge potential in the construction industry. And that’s why construction giant Caterpillar has been so keen to get on board with Fastbrick, the Australian company whose 3D printing bricklaying robot can purportedly build a house four times faster than a human bricklayer.

In a press release put out on Monday, Caterpillar announced the MoU between the two companies, a deal that will see the pair discuss and develop a “potential framework for collaboration regarding the development, manufacturing, sales, and services of Fastbrick Robotics’ robotic bricklaying technology.”

This bricklaying technology, which has been dubbed “FBR Technology,” uses CAD instructions and a laser guidance system to precisely deposit bricks at speed. An adhesive glue is used to connect the bricks, rather than a traditional mortar. Fastbrick is currently working on the “Hadrian X” robot, a commercial bricklaying robot that could “transform the construction industry.”

The newly announced MoU establishes what Caterpillar calls a “strategic alliance board,” consisting of representatives from both companies. This board will figure out how best to offer “FBR Technology” to Caterpillar’s construction customers. It will also devise individual strategies for specific countries, states, and regions.

According to the press release, the MoU will last 12 months, with the option to extend or terminate at any time. During the MoU, Fastbrick will only work with Caterpillar on the bricklaying technology.

Given the disparity in size between the two companies, it’s no surprise that Caterpillar will also be investing money in Fastbrick. $2 million is being invested now via a placement, which is being undertaken in accordance with the terms of a placement agreement. As part of this agreement, Fastbrick will issue fully paid ordinary shares to Caterpillar at an issue price of 0.10 AUD per share.

Caterpillar will have an option to invest a further $8 million in Fastbrick at an issue price of $0.20 AUD per share, with Fastbrick intending to seek that shareholder approval within 60 days.

“Fastbrick Robotics is delighted to sign a MOU with Caterpillar and welcomes the company as a new shareholder,” commented Mike Pivac, Fastbrick Robotics Managing Director. “Caterpillar is a globally recognized industry leader, and we look forward to collaborating with the company and uniting our teams to share ideas, pursue innovation, and explore opportunities to commercialize our unique technology.”

Posted in 3D Printer Company

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