Xaar PLC, a supplier of industrial inkjet printheads, has just announced it has launched a new 3D printing company, Xaar 3D Limited, in a joint investment with Stratasys. The newly formed company will reportedly be developing additive manufacturing solutions based on High Speed Sintering technology.
Cambridge-based Xaar PLC will hold 85% of Xaar 3D Ltd’s shares while Stratasys will control 15% of the company. Down the line, Stratasys has been given the option to increase its ownership share of the new company up to a total of 30%. As per the companies’ agreement, Xaar 3D Ltd will hold all of Xaar’s High Speed Sintering assets.
Led by Xaar CEO Doug Edwards—who will act as chairman the company’s Board—Xaar 3D Ltd plans to leverage the “natural synergies” that exist between Xaar and Stratasys to further accelerate the former’s High Speed Sintering and industrial piezo inkjet printheads with the help of Stratasys’ experience in the AM sector.
“We are delighted to launch our partnership with Stratasys,” commented Doug Edwards. “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 recognizes the value of Xaar’s technology and expertise.”
Pioneered by Xaar since 2003, the High Speed Sintering process uses an inkjet printhead to selectively deposit an infrared absorbing fluid onto the surface of a powder bed. The powder bed is then irradiated with infrared light, triggering a sintering reaction on the printed layer. This process is then continued, layer by layer, until a 3D object is built up. Thanks to its rapid print speeds, the innovative HSS process has the potential to print up to 100,000 parts a day and is thus suitable for high volume manufacturing.
“We are impressed with the Xaar team’s achievements to date,” added Scott Crump, Chief Innovation Officer at Stratasys “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.”