MANUFACTURING TECHNOLOGY

Reynolds Advisory Partners Helps Titan Robotics Sell to 3D Systems, Adding Unique Extrusion Technology to 3D Systems' Technology Portfolio

Reynolds Advisory Partners | April 12, 2022

Reynolds
Reynolds Advisory Partners, LLC, of Colorado Springs, Colorado, advised Titan Robotics LLC on its sale to 3D Systems, of Rock Hill, South Carolina. The acquisition is scheduled to close on April 1, 2022.

Titan Robotics is the global leader in 3D printing technology based on pellet-based polymer extrusion and the only vendor to offer hybrid tool head configurations. Titan Robotics solves customer problems by building application-specific methods utilizing Titan's own additive manufacturing (AM) technology.

“The team at Titan Robotics is thrilled to become part of the world-class organization at 3D Systems, as Titan’s leadership team of Clay Guillory, Bill Macy, Maddie Guillory and I are committed to continuing Titan’s mission of changing the traditional manufacturing landscape with production additive manufacturing solutions, We are excited by the synergies this acquisition will enable to expand the adoption of industrial 3D printing across a wide variety of manufacturing industries, as pellet-based extrusion and hybrid manufacturing systems become the new standards for production applications.”

Rahul Kasat, CEO, Titan Additive LLC

Reynolds Advisory Partners represented Titan Robotics in this transaction. “This transaction represents a great strategic fit for both parties. Titan’s technology is additive to 3D Systems’ portfolio, and 3D Systems’ worldwide sales presence will accelerate Titan’s rapid growth,” said Douglas Reynolds, Managing Director, Reynolds Advisory Partners. “Doug and his team at Reynolds Advisory Partners did a tremendous job originating and evaluating a variety of capital raising and strategic M&A solutions to accelerate Titan’s growth. Adding Titan’s pellet-based extrusion and hybrid manufacturing systems to 3D Systems’ portfolio is a tremendous fit,” said Rahul Kasat, CEO, Titan Additive LLC.

Spotlight

The Directional Composites through Manufacturing Innovation (DiCoMI) project aims to bring together leading innovators from across Europe, and beyond, to develop a new method of producing composite material parts with optimized fibre directionality. The DiCoMI project will integrate advanced manufacturing techniques, composite materials science, and manufacturing system design.

Spotlight

The Directional Composites through Manufacturing Innovation (DiCoMI) project aims to bring together leading innovators from across Europe, and beyond, to develop a new method of producing composite material parts with optimized fibre directionality. The DiCoMI project will integrate advanced manufacturing techniques, composite materials science, and manufacturing system design.

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MANUFACTURING TECHNOLOGY

Desktop Metal Qualifies 420 Stainless Steel for High-Volume Additive Manufacturing With the Production System Platform

Desktop Metal | October 23, 2021

Desktop Metal today announced the qualification of Grade 420 stainless steel (420 SS) for use on the Production SystemTM platform, which leverages patent pending Single Pass JettingTM (SPJ) technology designed to achieve the fastest build speeds in the metal additive manufacturing industry. Manufacturers can now leverage SPJ technology for the mass production of high-strength, end-use parts in 420 SS for demanding applications in industries such as medical, aerospace, defense, and consumer products. A martensitic heat-treatable stainless steel, 420 SS is characterized by its high strength and hardness as well as its corrosion resistance to the atmosphere, foods, fresh water, and mild acids when in a fully hardened condition. 420 SS is a common material used extensively across a variety of applications such as surgical and dental instruments, ball bearings, gear shafts, pump and valve components, fasteners, gauges, hand tools, and high-end cutlery. “Engineers continue to seek out metal additive manufacturing as a leading option to drive innovation in design and manufacturing,” said Jonah Myerberg, CTO and co-founder of Desktop Metal. “We believe our qualification of 420 SS and other high-strength alloys will accelerate the deployment of our AM 2.0 solutions among customers looking to successfully mass produce critical parts at scale.” 420 Stainless Steel - Key Applications Desktop Metal’s materials science team has qualified and fully characterized 420 SS printed on Production System technology that meets MPIF 35 standards for structural powder metallurgy parts set by the Metal Powder Industries Federation. Parts printed in 420 SS on the Production System platform eliminate the use of tooling and minimize material waste, as well as represent a significant decrease in production time and part cost compared to conventional manufacturing methods. Examples of key applications include: Medical/Surgical - Locking Articulation Bar Robotic surgical systems used in a variety of medical procedures provide surgeons a better range of motion, enhanced visibility, and a level of precision unachievable with manual surgeries. These systems feature highly precise motion systems with many small intricate parts. The Production System offers high-resolution binder jet printing, making it an ideal solution for achieving the fine features required of robotic surgical instruments. For components like locking articulation bars, 420 SS is a desired material for its high hardness and excellent corrosion resistance. Since no tooling is required to produce these parts with binder jetting on the Production System, volume production can begin as soon as the design is complete, saving valuable time and money on large non-recurring costs of tooling design and fabrication. Aerospace - Valve Nozzle Adapter Valve nozzle adapters connect nozzles with fluid systems in aerospace applications, where multiple versions of these adapters are often required to accommodate various nozzle geometries and sizes. Engineers prefer 420 SS for this type of adapter because of its excellent corrosion resistance and high hardness. With capacity for thousands of adapters in a single build, the Production System can support the manufacturing of these components in 420 SS in volumes competitive with conventional manufacturing methods. In addition, with no tooling required, numerous adapter geometries can be printed within a single build, saving lead time and costs associated with changing over tooling in conventional manufacturing processes. High-Volume Manufacturing - Twin Screw Extruder Mixing Elements Twin screw extruder mixing elements are used for mixing, compounding and processing viscous materials. These parts feature complex lobes around the exterior of the spline that must be optimized for the material being extruded, necessitating a unique mixing element for each different material. With conventional manufacturing, each of these elements can be complex to produce, often requiring advanced machining techniques, multiple machining setups, and custom fixturing. Binder jetting with the Production System simplifies the manufacturing process, enabling large volumes of several, unique mixing elements to be printed in each build, reducing the cost and lead time of production compared to machining. 420 SS is an essential material in these applications for its high hardness and corrosion resistance, ensuring the elements have a long lifetime and the hardness required for extruding a wide variety of materials. The World’s Fastest Way to 3D Print Metal Parts At-Scale Created by the inventors of binder jetting and single-pass inkjet technology, the Production System is an industrial manufacturing platform powered by Desktop Metal’s Single Pass JettingTM technology. It is designed to achieve speeds up to 100 times those of legacy powder bed fusion additive manufacturing technologies and enable production quantities of up to millions of parts per year at costs competitive with conventional mass production techniques. The P-50 printer is paving the way for the mass production of end-use parts -- unlocking throughput, repeatability, and competitive part costs. In addition to 420 SS, the Production System materials portfolio today includes nickel alloy IN625, 17-4PH stainless steel, 316L stainless steel, and 4140 low-alloy steel, each of which have been qualified by Desktop Metal. The open-system platform also supports several customer-qualified materials, including silver and gold. The company plans to launch additional qualified metals to its portfolio, including tool steels, stainless steels, superalloys, copper, and more. About Desktop Metal Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum, named to MIT Technology Review’s list of 50 Smartest Companies, and the 2021 winner of Fast Company’s Innovation by Design Award in materials.

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Path Robotics Raises $56 Million to Build the Manufacturing Future

Path Robotics | May 05, 2021

Path Robotics, the Columbus-based AI Robotics firm responsible for developing the world's first fully autonomous robotic welding system, reported today that it has raised $56 million in Series B funding, taking the total amount invested in the company to $71 million. Returning investors Drive Capital, Basis Set, and Lemnos Lab joined Addition in leading the round. Path Robotics is the only organization in the world that provides turnkey, autonomous robotic welding systems. Its artificial intelligence-driven robotic product is an industry disruptor, redefining industrial robotic welding. The technology was developed with the intent of requiring no system programming and "no perfect parts." The system can see and understand virtually every part it is provided with the scanning and computer vision technologies, and it can self-adjust for each unique part. It analyses the site of the weld and generates all of the necessary planning to perform a clean weld almost instantly. The system was built to function precisely in a manufacturing environment and with highly reflective materials. The number of people joining the welding workforce in the United States continues to decline, as the average age of welders rises. The demand for welders is growing at a rate of 3% each year, while supply is declining, resulting in a shortage of 400,000 skilled welders in the American welding workforce by 2024. This reality, along with increased demand for onshore manufacturing as a result of the pandemic, is causing a shortage in American manufacturing across industries. Path Robotics is committed to developing intelligent robotic systems that will eliminate this shortage and drive a new age of American manufacturing growth. Drive Capital, headquartered in Columbus, has returned to Path Robotics as an investor. "We are excited to continue our collaboration and investment in Path Robotics. Their artificial intelligence and computer vision technology is meeting a huge and pressing need for manufacturers all over the world "Drive Partner Nick Solaro said. About Path Robotics Path Robotics is developing cutting-edge artificial intelligence, machine learning, and computer vision systems to help industrial robots become more sophisticated. Andy and Alex Lonsberry found a commercial need for industrial welding robotics while studying on their PhDs at Case Western Reserve University. Path Robotics was founded as a result of this collaboration between Matt Klein and their father, Ken Lonsberry. Their robotic welding systems are transforming the manufacturing industry by enabling hardware to do more with less human intervention.

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MANUFACTURING TECHNOLOGY

Integration of AI in Product Engineering Upgrades, Development to Drive Global Product Engineering Services Market - TMR Insights

Transparency Market Research | August 24, 2021

Advantages of AI to automate and simplify the process of manufacturing and developing products to offer substantial potential in improving product engineering services Prospects of integration of host of functionalities, including supply network integration to expand into the product lifecycle could bolster growth of the product engineering services market The growth of the product engineering services market stems from efforts of businesses to serve the rising demand for faster product launch via a channeling entirely new engineering service that has come to the surface. Product engineering services are available at various stages during a product's lifespan, from conception to completion. During the forecast period, from 2021 to 2031, the global product engineering services market is expected to grow at a CAGR of 8.8% in terms of revenue. Buyers are always on the lookout for the most up-to-date functionalities and features with rapid turnaround times, whilst companies want higher quality and lower costs from product makers. Product engineering service constitutes engineering consulting practice that designs and develops products employing a variety of IT services solutions, embedded software, and hardware. Independent Software Vendors (ISVs) are increasingly embracing cloud, mobile, and social media technologies to reduce costs, accelerate innovation, and trigger product creation in today's highly competitive business environment. With product engineering solutions, various product engineering firms help software product organizations become more flexible and adaptive toward the changing product engineering services market. Product engineering services additionally include training on how to manage product development applications according to a set of guidelines. It also evaluates the process from conception through commercialization. As AI in product engineering simplify and automate the process of manufacturing and developing goods, its integration is anticipated to offer substantial potential in product engineering upgrades and development. In addition, the implementation of AI in product engineering also saves processing time and aids businesses or industries in increasing production. As a result, incorporating AI for the development of improved product engineering services will greatly enhance the productivity in order to satisfy engineering demands. Moreover, integrating AI in product engineering services is an applied field that employs a platform to automate and streamline workflow and offer valuable industry insights. For product sustainability and innovation, industries and companies are incorporating sophisticated product engineering services across the whole product lifecycle.

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