QuesTek enters joint venture agreement with Itochu Techno-Solutions
March 12, 2020
QuesTek Innovations LLC, Evanston, Illinois, USA, has entered into a joint venture agreement with Itochu Techno-Solutions (CTC), Tokyo, Japan. The new joint venture is called QuesTek Japan K.K., and has been established to better serve its Japan-based customers.
CTC provides sales and consulting services for a range of materials-related software products, including those for alloy design, materials process design, materials characterisation and related databases, while providing support and consulting services. Founded in 1972, CTC reported sales in the last fiscal year of over $4.1 billion and has 8,600 employees worldwide.
QuesTek specialises in Integrated Computational Materials Engineering (ICME) technologies. Its Materials by Design® methodology combines physics-based models, vetted thermodynamic and kinetic databases of the elements and predictive property models to allow for efficient materials design, process optimisation, modelling and simulation. A recent example of QuesTek’s application of ICME is the development of the first high-temperature aluminium alloy for use with Additive Manufacturing.
Dr Greg Olson, QuesTek’s Chief Science Officer and Massachusetts Institute of Technology Thermo-Calc Professor of the Practice, commented on the formation of the joint venture, “With more than thirty years of experience in Japan’s technology markets, CTC is well-positioned to be a strong partner for QuesTek. As a lead up to this joint venture, we’ve worked closely with CTC and have found them to have the technical skills, the market knowledge, relationships and track record to be the ideal partner for us in Japan.”
