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Xaar, Stratasys invest in new 3D printing company

Xaar PLC will invest with additive manufacturing company Stratasys in a newly formed entity, Xaar 3D Ltd., to develop 3D printing solutions based on high speed sintering technologies, leveraging Xaar’s technology relating to high speed sintering and industrial piezo inkjet printheads and Stratasys’ commercial and market knowledge.

Xaar will hold 85 percent of Xaar 3D Ltd shares with Stratasys holding 15 percent. In addition, Stratasys has been granted an option to increase its ownership in Xaar 3D Ltd to a total of 30 percent. Xaar 3D Ltd will hold all of Xaar’s high speed sintering assets.

“We are delighted to launch our partnership with Stratasys. This joint investment in the development of 3D printing technologies reinforces the value created by our R&D and continues our plan to diversify Xaar’s business,” says Doug Edwards, Chief Executive Officer of Xaar and Chair of the Board. “We are also pleased to be working alongside a leader in the 3D printing space, who recognizes the value of Xaar’s technology and expertise.”

“We are impressed with the Xaar team’s achievements to date. We believe that the complementary assets of Stratasys and Xaar will enable Xaar 3D Ltd to develop solutions that further address customers’ additive manufacturing requirements for a broader range of production applications,” adds Scott Crump, Chief Innovation Officer, Stratasys.