August 26th 2015 Materials Solutions Limited, Worcester UK- is pleased to announce a strategic investment from the Venture Capital Unit of Siemens (SVC).
Announcing the investment, Materials Solutions founder and CEO Carl Brancher said; “I am extremely pleased that SVC has chosen to invest in Materials Solutions. I believe this investment validates Materials Solutions as the global technology leader in Additive Manufacturing of nickel superalloys.”
Carl continued; “since starting up in 2006, Materials Solutions has developed high performance materials and manufacturing processes for laser powder bed Additive Manufacturing particularly targeting gas turbine applications. Our capabilities in Additive Manufacturing reduce development time and improve new product performance for our customers.”
“There are now strong signs that Additive Manufacturing will move into mainstream production for land and aero gas turbine components”, said Ralf Schnell, CEO of the Venture Capital Unit of Siemens. “Materials Solutions are outstanding in capability and experience and we will support their expansion.”
„My team and I are very excited about the huge benefit for Siemens’ Additive Manufacturing Industrialization Strategy resulting from this strategic collaboration”, said Andreas Fischer-Ludwig, Director Manufacturing Development & Industrialization, for Siemens Large Gas Turbines, Generators Business Unit.
„We know the people at Materials Solutions well and they provide strong support for the introduction of Additive Manufacturing into our large gas turbines and distributed power generation products”, added Markus Seibold, head of Enabling Manufacturing Technologies at Siemens Large Gas Turbines, Generators Business Unit.
About Materials Solutions
Materials Solutions a specialist in Additive Manufacturing of high performance nickel superalloy components for gas turbines (land based and aero engines), specialist steels and titanium components for aero systems and auto sports. Materials Solutions is one of the largest commercially available metals Additive Manufacturing centres worldwide and has a global customer base, is AS9100 (aerospace) approved and has multiple customer approvals for the supply of Additive Manufactured parts. For more details please see www.materialssolutions.co.uk or contact info (at) materialssolutions.co.uk
About Additive Manufacturing
Additive Manufacturing is the building of components by adding material layer by layer. A 3D model is sliced and each slice is turned into a physical layer of the part. The completed part is thereby formed of multiple layers. These layers may be formed by a number of different methods- such as UV curing a liquid polymer, extruding a polymer filament or electron beam or laser melting a powder.
About the Venture Capital Unit of Siemens
As part of Financial Services, the Venture Capital Unit of Siemens is the corporate venture capital organization of the company and invests in early stage technology companies and established technology growth companies, focusing on the energy, healthcare, industry, and infrastructure & cities markets and hence plays a key role in Siemens’ global innovation network. The aim is to identify innovative solutions from which Siemens and its customers can profit and to strengthen business partnerships with innovative industry players. Since 1999 the company has invested in about 180 start-up companies worldwide. For more information, visit http://www.siemens.com/venturecapital