Sumitomo Corporation of Americas has published its venture in Elementum 3D, Inc. Elementum is a 3D printing research and growth firm that focuses on the manufacture of superior metals, ceramics, and composites.
Elementum possesses a license for a metal powder mixed with ceramics that allows quicker printing speed. It also allows for sturdy mechanical features and a broader application of metal score. This has not conventionally been fit for 3D printing. This venture will assist to increase Elementum’s exclusive powder retailing and sales.
“This investment is an excellent complement to our growing portfolio in the additive manufacturing space,” stated the Senior Vice President and General Manager, Steel and Non-Ferrous Metal Group at Sumitomo Corporation of Americas, Mr. Kazuaki Tsuda.
“Elementum is pioneering new intelligence related to the raw materials supply chain in additive manufacturing, and we see abundant opportunity for these applications in the near future.”
SCOA is the best international investment and trading firm. It operates in several markets and sectors. The firm believes the products by Elementum have the capability to be used across many of the firm’s business verticals. This includes aerospace, mineral resources, steel, and tubular.
It is likely that this technology could interrupt the modern supply connection altogether. This is by viewing 3D printing end-users operating right with Elementum instead of conventional raw stuff producers.
“We are excited to have Sumitomo Corporation of Americas come on board as an investor. It speaks volumes that a company of this size and reach has such confidence in what we are creating,” stated the President at Elementum 3D, Inc., Dr. Jacob Nuechterlein.
” With this series A funding, we are eager to get our product further out into the marketplace and continue to grow our client base,” he added.
Elementum is among the many ventures made by SCOA in the 3D printing field. This includes Sintavia, the best tier 1 3D printing business for the oil & gas and aerospace sectors. AREVO, an AM firm utilizing carbon composite stuff is also another one. Another investment by SCOA is Shapeways, an additive manufacturing firm.