VBN Components signs major agreement with global engineering group

March 12, 2019

VBN Components signs major agreement with global engineering group

Drillbits produced in VBN’s AM material, Vibenite® 480 (Courtesy VBN Components)

 

VBN Components AB, Uppsala, Sweden, reports that it has signed a license agreement with a non-disclosed global engineering group headquartered in Europe. The agreement implies an exclusive license within a specific niche of high-strength components, and will result in the installation of manufacturing cells, utilising VBN’s patented material manufacturing technique, at the engineering group’s premises worldwide.

The exact details of the agreement remain confidential at this stage, however it was stated that the engineering group currently acquires products, as well as R&D, from VBN. In order to adjust to this new type of manufacturing, VBN will support the customer as it moves to larger in-house series production with its AM-HSS™ manufacturing technique.

Martin Nilsson, VBN Components’ CEO, stated, “This is an incredibly important verification that our 3D printed materials Vibenite® are at top level. After considerable technical testing and analysis, the agreement has been signed and we are very much looking forward to collaborating with this global partner.”

“The agreement is a milestone in VBN’s success story,” he continued. “It is a multi-million deal that will grow steadily with expanding business and deliveries. The engineering group is one of the actors that started collaborating with VBN at an early stage.”

“The license agreement is showing that our initial idea of making better materials with 3D printing, than what’s possible traditionally, is really working. The customer gets a better material, much larger product flexibility, shorter lead times and considerably lowered machining costs,” he concluded.

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