The partnership is intended to lay the foundation for the two companies to fulfill their shared vision of incorporating additive manufacturing into the traditional manufacturing workflow, helping it to become a universally recognized production practice which can benefit multiple industries, including aerospace, automotive, transportation, energy and industrial tooling.
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Additive manufacturing needs to improve its quality and consistency as it assumes a bigger role in manufacturing, advocates of the technology say.
Aerospace is one of the main industries embracing additive technologies, and the large growth in industrial metal 3D printing over the past few years can be largely attributed to the A&D industry.
With all of its accomplishments – including world’s largest defense contractor, and a presence in all 50 states and 70 countries – you might think Lockheed Martin (Bethesda, MD) would already have mastered additive manufacturing.
3D printing has become the medium of the new technological revolution as its applications diversify from printing food to weapons, from clothing to industrial products. It is also finding more uses in the medical space, including Orthotics and Prosthetics (O&P).
Additive manufacturing lets companies think “outside the box.” Engineers can now start to look at a part without restrictions on size, shape or material. Instead of taking 15 different CNC milled parts and brazing them together, these companies have reimagined the part entirely—to be built as one part.
In a recent LNS Research study on the Industrial Internet of Things (IIoT) and Digital Transformation, the top two challenges facing the adoption of IIoT technology are finding the budget to invest (32% of respondents) and building the business case (30% of respondents).
3D Systems (NYSE:DDD) announced today that Avi Reichental has stepped down as President and Chief Executive Officer and as a Director of the Company, effective at the close of business on Wednesday, October 28, 2015, by mutual agreement with the Company’s Board of Directors.
GE (NYSE: GE), the world’s leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (€549 million). The agreement allows for GE to take full ownership in a number of years.
You don’t have to look too far to find the reasons for the growth of fiber lasers for production applications. On price per watt, beam quality, electrical consumption, and maintainability required, fiber lasers typically score the lowest on the cost side and very high on the performance side.