LFAMMetal Additive ManufacturingMoney & Funding

WAAM3D secures major investment from Accuron Technologies

The backing will drive the commercialization of WAAM technology

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

WAAM3D Ltd has secured what it calls a major investment from Singapore-baed engineering and technology company Accuron Technologies Ltd. The backing, raised through a Series A funding round, will enable the company to speed up the commercialization of its Wire-bAsed Additive Manufacturing (WAAM) technology for the aerospace and energy sectors, among others.

The WAAM process was pioneered at Cranfield University in the UK by a team led by professor Stewart Williams, the head of the university’s Welding Engineering and Laser Processing Centre. The innovative AM process is now in the process of being commercialized by spin-out company WAAM3D, which was incorporated in 2018.

“For more than a decade we have been researching and developing this technology,” said Williams. “It is set to have an enormous impact on manufacturing businesses around the world. I’m delighted that we can now really start to commercialise WAAM and bring real work products to market.”

The WAAM process is capable of printing large-scale metal parts while maintaining low production costs and rapid lead times. The technology uses an electric laser to melt metal wire, which then solidifies to build up a structure layer-by-layer. WAAM3D points out that its process is not only more cost-effective than other processes (wire feedstock is significantly cheaper than metal powders, for one), but is also more ecological, with fewer emissions and less material consumption.

WAAM3D Accuron Technologies investment
Detail of a cantilever beam 3D printed using WAAM process

Robert Evans, Technology Transfer Manager at Cranfield University, said of the process: “This is without doubt one of the most promising technologies that I have helped to commercialise, it will make a huge impact on manufacturing and it is also ground breaking for a spin-out to receive investment from an organisation like Accuron, we’ve had superb support from the company.” 

In addition to injecting financial support, Accuron Technologies will also offer its expertise to WAAM3D to help drive the commercialization of its additive manufacturing technology and scale up its operations.

“There is a huge market potential for this technology, based on the interest we have been receiving from various industry sectors for over 10 years,” said Dr. Filomeno Martina, CEO of WAAM3D. “We are delighted to be partnering with Accuron Technologies to bring WAAM forward. The company will bring in as many as 20 staff in the coming year to scale up operations. We also aim to keep close links with Cranfield University, as well as other institutional and industrial partners, internationally.”

Tan Kai Hoe, President and CEO of Accuron Technologies, added: “We are really excited about this opportunity to invest into WAAM3D. We have been looking at several additive manufacturing technologies for a while, and we think WAAM3D’s process has a real chance to transform manufacturing. We are very impressed with the company’s technology and expertise, which allows it to make large, high-quality parts for real-world applications. With our capital investment and industrial knowledge, we hope to help the company realise its true potential.”

Research 2021
Ceramic AM Market Opportunities and Trends

This market study from 3dpbm Research provides an in-depth analysis and forecast of the ceramic additive ma...

Tess Boissonneault

Tess Boissonneault is a Montreal-based content writer and editor with five years of experience covering the additive manufacturing world. She has a particular interest in amplifying the voices of women working within the industry and is an avid follower of the ever-evolving AM sector. Tess holds a master's degree in Media Studies from the University of Amsterdam.

Related Articles

Back to top button

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!