AREVO has closed a strategic investment and technology development agreement with In-Q-Tel (IQT), the non-profit strategic investor that identifies innovative technology solutions to support the mission of the US Intelligence Community.
AREVO has developed a new additive manufacturing (AM) solution for making composite parts. The company reports that with breakthrough innovations in the areas of software, materials, composite additive process and robotics, it is enabling on-demand manufacturing of mass-customised, lightweight 3D printed composite parts in high volume.
“AREVO’s additive manufacturing technology delivers complex parts with a unique value proposition which cannot be made with any conventional or other additive manufacturing techniques,” says Katie Gray, Investments Partner at IQT. “Our partnership with AREVO will enable IQT’s customers to stay ahead of the curve in developing new devices critical to our nation’s security.”
“Partnering with IQT in this manner is a great vote of confidence in our design and composite manufacturing process methods,” comments Hemant Bheda, Chief Executive Officer and co-founder of AREVO. “We have made steady progress over the past year in defence applications and we believe our work with IQT will open more doors for us.”
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