Xaar PLC has announced that it will invest with Stratasys in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions based on High Speed Sintering technologies.
Known for its digital inkjet technology, Xaar will hold 85 per cent of Xaar 3D Ltd shares with Stratasys holding the remainder, while being granted the option to increase its ownership in Xaar 3D Ltd to a total of 30 per cent.
It is expected that the new company will look to leverage Xaar’s industrial piezo inkjet printheads, along with the commercial and market range of Stratasys to develop products based on the former’s recent research and development team for ‘a broader range of production applications’.
Stratasys has previously mentioned it is diversifying its portfolio of products into the 3D printed metals market with its own technology, presumably to be launched later this year.