Singapore – Accuron Technologies Ltd, a global precision engineering and technology group, announces an additional investment and the acquisition of a majority interest in its associate company, WAAM3D Ltd. The latest investment underscores the commitment of Accuron to WAAM3D, and its confidence in the prospects for wire arc additive manufacturing (WAAM) in the manufacturing landscape.
WAAM3D was founded in 2018 by Cranfield University as a spin-out company to commercialize WAAM technology developed by its world-leading research group in this area. The aim of the company is to provide industry with the ability to manufacture parts using the technology. In late 2019, Accuron provided initial investment funding for WAAM3D’s transition into an independent entity. Since then, it has successfully developed complete turnkey solutions through in-house development and strategic partnerships to address their customers’ needs for WAAM equipment, dedicated software, wires, parts, and part-making expertise. WAAM3D continues to work closely with Cranfield University to ensure that the company’s products and services are always at the forefront of new technological innovation in wire-based direct energy deposition additive manufacturing (w-DED AM).
Using advanced WAAM techniques, WAAM3D allows manufacturers in the aerospace, oil and gas, mining, semiconductor, and other industries to make large-format parts with greater design freedom, lower costs, a lower environmental footprint, and shorter lead times. WAAM3D and Accuron have also established Addept3D, a Singapore-based WAAM application centre. This joint venture seeks to develop and advance the technical expertise necessary to implement WAAM for parts manufacturing in Singapore and the surrounding region.
Excited about the journey with WAAM3D, TAN Kai Hoe, Group CEO & President, Accuron Technologies, commented, “As the company’s first strategic investor when it was spun out of Cranfield University, we provided additional resources to support its growth as the company developed. I see this as a testament of the shared belief the founders and we have in the company, as well as the mutual trust we have developed over the past years.”
He added, “In addition to providing financial support, Accuron’s industrial expertise and network also help to accelerate the company’s technology, product, and business development, but we think it takes a village to raise a child. Indeed, we look forward to working with partners and customers in a long-term relationship to bring this innovative, energy-efficient, and disruptive WAAM technology to key manufacturing industries. I am convinced WAAM will enable us to serve these industries to shape better lives.”
Image Source: Accuron Technologies