HiETA Technologies Ltd has secured investment from Meggitt (UK) Ltd, a subsidiary of Meggitt PLC, a leading international company specializing in high-performance components and subsystems for the aerospace, defense and selected energy markets.
The investment will accelerate the development of the next generation of high-performance and lightweight thermal systems across HiETA’s key markets and applications, whilst supporting the growth of the company’s additive manufacturing products and services to both new and existing customers.
“This is an exciting time for HiETA, as we follow our strategy of partnering with strong industrial players in key industrial sectors,” said Mike Adams, CEO and co-founder of HiETA Technologies Ltd. “The investment enables us to bring exciting new products to new markets. It also shows the potential for the additive manufacture of our world-class designs, when supported by outstanding industrial knowledge, experience and capability. The investment is, therefore, key to developing confidence in further adoption of additive manufacturing.”
HiETA Technologies uses metal additive manufacturing primarily for thermal management and light-weighting. The company was founded by Mike Adams, a serial entrepreneur with experience in the implementation of automated systems and change management, and Drummond Hislop, a development economist with an engineering background and a long-standing interest in carbon-reducing, thermally efficient engine systems.
“With a 160-year track record in bringing technology to the aerospace, defense and energy markets, innovation is at the heart of everything we do,” said Hugh Clayton, Group Director of Engineering & Strategy at Meggitt. “This is an exciting collaboration with HiETA and we’re proud to partner with them to push the frontiers of innovation. We look forward to a productive partnership that will shape our future: collaborating on additive manufacturing and thermal system technology to enable the next-generation of more sustainable aircraft propulsion systems and greener energy systems; ensuring a sustainable future for the generations to come,” Calyton added