As noted above, the sky is the limit practically when it comes to true 3D printing and we look forward to discussing structural requirements with customers and partners in a wide range of industries, which could very well result in new shapes and parts that have been heretofore unimaginable.
We use thermoplastics. As compared to the thermoset (TS) material dominantly used today, continuous fibre reinforced thermoplastics (CFRTP) is a recyclable material that doesn't have a limited shelf life and doesn't require refrigeration for storage. It doesn't require secondary curing operation in an oven, which is energy intensive. All these mean a more sustainable, efficient and cost-effective production. Furthermore, from an engineering performance point of view, thermoplastics (TP) are tougher and not as brittle. So, in an impact, TP will perform a lot better than TS.
When it comes to 3D printing with composite materials, the greatest impact in the near future will be in the area of creating structural parts for a wide variety of purposes, e.g, bike frames, flying taxi (eVTOL), airplane seat frames and other airplane primary structures, automotive suspension arms and even crash structures.
As noted above, most applications are currently in the transportation, aerospace and construction industries. We have announced deals of various types with industry leaders and a leading innovator in the bike industry.
The series B funding was critical to help us expand our business opportunities, as seen in the recent announcements with Franco Bicycles and Airbus, and the opening of our new production facility in Milpitas.
The phrase 'continuous improvement' is used throughout the world of manufacturing and it certainly applies to Arevo's R&D going forward. When thinking of our DED process, for instance, we will seek to improve upon our already industry-standard setting achievements in such areas as: reliable designs for the service life of these end-use components; the acceleration of a design process that has decreased in some areas from months to days; further cost reductions in areas such as tooling and materials processing and enhancements in software engineering that will create even more 'customisation' options.
The Arevo DNA AM process definitely fits in the category of 'lean and green' as it results in significant decreases in power consumption, transportation, fuel consumption throughout the supply chain network and materials waste (using materials more efficiently and using recyclable materials).
We will have new product introductions and announce new customers or partners at leading events such as Eurobike in Germany in early September.
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