Xaar 3D Ltd is the result of a newly formed company, following an investment by Xaar PLC with additive manufacturer Stratasys. The motivation behind the partnership is to develop 3D printing solutions based on High Speed Sintering technologies.
Xaar 3D will leverage the natural synergies between Xaar and Stratasys, specifically Xaar’s technology relating to High Speed Sintering and industrial piezo inkjet print heads, along with the commercial and market expertise of Stratasys.
Xaar will hold 85% of Xaar 3D Ltd shares with Stratasys holding 15%. In addition, Stratasys has been granted an option to increase its ownership in Xaar 3D Ltd to a total of 30%. Xaar 3D Ltd will hold all of Xaar’s High Speed Sintering assets. The new company’s board will be chaired by Xaar CEO, Doug Edwards.
‘We are delighted to launch our partnership with Stratasys. This joint investment in the development of 3D printing technologies reinforces the value created by our research and development 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 recognises the value of Xaar’s technology and expertise,’ said Edwards.
Scott Crump, Stratasys chief innovation officer said, ‘We are impressed with the Xaar team’s achievements to date. 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.’