Formetrix, Inc. is the newly created spinout of NanoSteel® that will be specialized in the commercialization of Additive Manufacturing (AM) metals. The AM business unit recently closed its Series A capital raised to accelerate the development of steel alloys for 3D printing processes.
Formetrix’ Novel alloys
One of the challenges highlighted in the dossier of the June issue of 3D Adept Mag is the need to develop materials with properties that can withstand the constraints of a variety of applications.
It takes four years to the company to develop novel alloys with material properties that, according to the company, current 3D printable or metal injection molded alloys do not offer. Thanks to NanoSteel’s expertise in patented steel alloy design, Formetrix’s metal powder portfolio provides an attractive combination of benefits such as higher hardness, higher ductility and higher wear resistance compared to existing alternatives.
The company’s initial industry focus is on materials for hot and cold forming tool and dies (i.e. molding, casting and stamping) within the automotive, oil and gas and heavy machinery markets.
Formetrix will use AddUp’s FormUp 350 3D printer to support both prototyping and volume customer needs more effectively and efficiently. (You may also discover the other specificities of the 3D printer in the “3D Printers & Materials” column of the June issue of 3D Adept Mag).
Allegra Kowalewski-Ferreira, Investment Manager of SPDG added, “We are driven by the promising value Formetrix offers the Additive Manufacturing industry. The launch of Formetrix is a powerful milestone that we are excited to be a part of and look forward to its growth as an industry leader.”
SPDG is the investment vehicle for the Périer-D’Ieteren family, which co-controls the D’Ieteren Group, together with other family members. The Group’s activities include notably the ownership of both the leading car importer in Belgium and Belron, the global leader in vehicle glass repair and replacement, which operates Safelite in the USA.
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