with investment from Accuron Technologies Ltd
WAAM3D Ltd., a spin-out company from Cranfield University, has received funding from Accuron Technologies Ltd., an international engineering and technology group based in Singapore.
As the name implies, WAAM3D Ltd. develops a Wire bAsed Additive Manufacturing (WAAM) technology. The development of this manufacturing technique has been led by Professor Stewart Williams, Head of the Welding Engineering and Laser Processing Centre at Cranfield University, and is designed to be leveraged into aerospace and energy industries.
CEO of WAAM3D Ltd, Dr Filomeno Martina, said: “There is a huge market potential for this technology, based on the interest we have been receiving from various industry sectors. We are delighted to be partnering with Accuron Technologies to bring WAAM forward. The company will bring in as many as 20 staff in the coming year to scale up operations. We also aim to keep close links with Cranfield University, as well as other institutional and industrial partners, internationally.”
A real chance to transform manufacturing
Tan Kai Hoe, President and CEO of Accuron Technologies, said: “We are really excited about this opportunity to invest into WAAM3D. We have been looking at several additive manufacturing technologies for a while, and we think WAAM3D’s process has a real chance to transform manufacturing. We are very impressed with the company’s technology and expertise, which allows it to make large, high-quality parts for real-world applications. With our capital investment and industrial knowledge, we hope to help the company realise its true potential.”
WAAM can be used to produce large metal components with low cost and short production lead times. It uses an electric arc or laser to melt metal wire; is highly accurate, cost-effective, as well as environmentally-friendly with greatly reduced emissions and material consumptions.
Fostering innovation
Professor Sir Peter Gregson, Vice-Chancellor of Cranfield University, said: “Cranfield University fosters innovation and has a clear focus on applied research which impacts industry today and in the future. I’m delighted to see this new technology take a big step forward and welcome Accuron Technologies’ support and investment.”
WAAM3D Ltd has received support from the Midlands Innovation Commercialisation of Research Accelerator (MICRA) a consortium of eight Midlands Universities and joins the large portfolio of successful spin-outs that Cranfield University has generated.
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