Singapore group invests in Cranfield University spin-out
WAAM3D Ltd., a spin-out company from Cranfield University, has received major investment from Accuron Technologies Ltd, an international engineering and technology group headquartered in Singapore.
WAAM3D is commercialising Wire bAsed Additive Manufacturing (WAAM) technology developed at Cranfield University by a team led by Professor Stewart Williams and will be rolling it out into the aerospace, energy and other industries.
Professor Williams, head of the Welding Engineering and Laser Processing Centre at Cranfield University, said: “For more than a decade we have been researching and developing this technology; it is set to have an enormous impact on manufacturing businesses around the world.
“I’m delighted that we can now really start to commercialise WAAM and bring real-world products to market.”
CEO of WAAM3D Ltd, Dr Filomeno Martina, added: “There is a huge market potential for this technology based on the interest we have been receiving from various industry sectors.
“The company will bring in as many as 20 staff in the coming year to scale operations. We also aim to keep close links with Cranfield University as well as other institutional and industrial partners internationally.”
Tan Kai Hoe, president and CEO of Accuron Technologies, said his company was “really excited about this opportunity to invest into WAAM3D.”
He said: “We have been looking at several additive manufacturing technologies for a while and we think WAAM3D’s process has a real chance to transform manufacturing.
“We are very impressed with the company’s technology and expertise which allows it to make large, high-quality parts for real-world applications. With our capital investment and industrial knowledge we hope to help the company realise its true potential.”
WAAM can be used to produce large metal components with low cost and short production lead times. It uses an electric arc or laser to melt metal wire, is highly accurate and cost-effective as well as environmentally-friendly with greatly reduced emissions and material consumptions.