- This topic has 1 voice and 0 replies.
October 17, 2019 at 12:03 pm #36517Telegram SmartBoTModerator
- Topic 4302
- Replies 0
- posts 4302
#News(IoTStack) [ via IoTGroup ]
Chinese electrical equipment and mobile game developer Shenzhen Hifuture Information Technology Co. Ltd.
has revealed its intentions to invest up to $45 million in ceramic and metal 3D printing provider XJet.
The impending deal has been heralded by a filing to the Shenzhen Stock Exchange made by Shenzhen Hifuture on September 25th.
In the document, the company outlines that it initially plans to invest $25 million in XJet, with an additional $20 million to be delivered at a later date.
In another announcement following the filing, Shenzhen Hifuture adds that the intention of the investment is to help expand XJet’s business in China, including establishment of a regional manufacturing site and making Hifuture the preferred supplier for XJet machine parts and raw materials.
As the deal is not yet complete, an XJet spokesperson told 3D Printing Industry that the company “does not have a comment at this time.”
XJet NanoParticle Jetting
Headquartered in Rehovot, Israel, XJet is the provider of a trademark NanoParticle Jetting (NPJ) 3D printing method.
Unlike other metal additive methods (SLM, DMLS, EBM) NPJ does not melt material, and so parts avoid related defects, like residual stresses.
In NPJ, chosen nanoparticles (ceramic or metallic) are jetted into a liquid which then forms a shell around them.
Eventually, the goal for XJet is to be able to simultaneously 3D print multiple materials, with the metal forming the body of the part, and the ceramic acting as support material (which would be much easier to remove than more metal).
NPJ technology is currently available from XJet in its Carmel range of systems; the Carmel 1400 and the smaller Carmel 700.
About Shenzhen Hifuture
Shenzhen Hifuture was founded in 1999 and successfully listed on the Shenzhen Stock Exchange in 2007.
Since it’s foundation in 2005, XJet has raised over $135 million to date.
If the deal with Shenzhen Hifuture goes through, it would bring the total raised over the years to more than $180 million.
AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
- You must be logged in to reply to this topic.