Stratasys invests in Tritone to add metal and ceramic Additive Manufacturing
Stratasys, headquartered in Minnesota, USA, has announced a collaboration with Tritone Technologies, based in Tel Aviv, Israel, to bring industrial-scale, production-grade metal and ceramic Additive Manufacturing to its range of technologies.
The agreement includes Stratasys acquiring shares in Tritone Technologies.
Participation in a recent investment round, which includes Discount Capital and Fortissimo Capital, provides Stratasys with an initial minority ownership stake along with a path, at Stratasys’ option, to increase its equity stake and potential future ownership.
The move is expected to reduce barriers to the adoption of Additive Manufacturing by eliminating complexity in choice and vendors that may present challenges to customers. The ceramic and metal technologies adopted by Stratasys are geared towards serial production.
“Manufacturers that trust Stratasys as their AM partner – including in government, defense, and aerospace – frequently ask us to complement our polymer offering with a reliable, industrial-grade metal solution,” said Dr Yoav Zeif, Chief Executive Officer of Stratasys. “After a long search, we found Tritone to offer a unique combination of part quality, cost-efficiency, with a sustainable business model built around consumables and services. This agreement significantly expands our total addressable market.”
In addition, a phased commercial agreement has been structured to foster close collaboration between the companies, with a focus on supporting Tritone’s reseller network and leveraging sales and marketing synergies.
“We believe that the partnership between the two companies, and the strong synergy at its core, will accelerate their growth and deliver meaningful value to the market. Stratasys’ extensive experience and global leadership, combined with Tritone’s unique technological capabilities, create an exceptional opportunity for us as investors,” stated Hanoch Papoushado, Chief Investment Officer at Discount Capital.
Tritone technology
At the core of Tritone’s offering is its MoldJet Additive Manufacturing technology intended to that complement Stratasys’ polymer Binder Jetting portfolio. MoldJet is a powder-free technology said to enables high-throughput production of metal and ceramic parts at industrial scale and speed. It is designed for producing complex geometric parts, with high density and industry standard mechanical properties.
MoldJet is said to enable a quick and easy changeover between different metal alloys and ceramics, thus reduces downtime. Tritone also noted that parts with different geometries and applications can be manufactured in the same batch.
“This exciting investment and partnership are a strong validation of our team’s vision and tireless efforts,” stated Ben Zur, CEO of Tritone Technologies. “Our strategy to deliver innovative solutions to manufacturers is clearly gaining traction. By joining forces with Stratasys, the leading player in Additive Manufacturing, we’re extending the reach of our offerings and giving customers the confidence to adopt AM technology for producing precise parts in metals and ceramics that meet the high standards of industrial production.”
www.tritoneam.com
www.stratasys.com
