GE Additive and GKN sign MoU for additive manufacturing collaboration

GE Additive (NYSE: GE), Concept Laser and Arcam AB (STO: ARCM) have signed a Memorandum of Understanding (MoU) with GKN (LSE:GKN) to collaborate on Additive Manufacturing (AM). The agreement includes the provision of additive machines and services to GKN, allowing them to be a GE Additive Production Partner. GKN also becomes a non-exclusive preferred AM powder supplier to GE Additive and its affiliated companies.

“GE Additive and GKN both understand the transformative power that additive manufacturing will have in the aerospace and automotive industries,” said Vice President and General Manager of GE Additive, Mohammad Ehteshami. “Additive machines from Concept Laser and Arcam will bring tremendous value to this GKN relationship and we look forward to collaborating more closely in the future.”

As part of the agreement some of the activities include:

GE Additive and its affiliated companies will become non-exclusive preferred suppliers of AM machines to GKN and its affiliates.
GKN will become a GE Additive development and production partner for a range of powder bed and free form deposition technologies.
GKN will collaborate with GE Additive on part development projects on powder bed machines to enable new market opportunities.
GKN will become a non-exclusive preferred supplier of powder to GE Additive and GE’s industrial businesses.
GE Additive’s Engineering Consulting Team (known as “AddWorks”) will assist GKN and its affiliates with the acceleration and industrialisation of AM machines.

Jos Sclater, Head of Strategy at GKN, said: “We look forward to working with GE Additive on this revolutionary technology. GKN has a strong history of producing and certifying AM parts and powder, and by working together, GKN and GE can accelerate future developments in additive manufacturing and meet the growing demand we’re seeing across a range of industries.”

Additive manufacturing (also called 3D printing) involves taking digital designs from computer aided design (CAD) software, and building them on an additive machine, layer by layer from metal powder. Additive components are typically lighter, more durable and more efficient than traditional casting and forged parts because they can be made as one piece, requiring less welds, joints and assembly. Because additive parts are essentially “grown” from the ground up, they generate far less waste material. Freed of traditional manufacturing restrictions, additive manufacturing dramatically expands the design possibilities for engineers.

For many years, GE has been a leading end user and innovator in the additive manufacturing space. In addition to the $1.4 billion investment in Concept Laser and Arcam, GE has also invested approximately $1.5 billion in manufacturing and additive technologies over the past 10 years, developed additive applications across six GE businesses, created new services applications across the company, and earned 346 patents in material science. In 2016, the company established GE Additive to become a leading supplier of additive technology, materials and services for industries and businesses worldwide.

GKN is a global engineering group, operating from more than 150 manufacturing locations in over 30 countries. GKN has been a global leader in AM for decades, with aerospace components produced, certified and flying on seven major platforms today, as well as a world-leader in AM automotive parts and a specialist powder producer.

About GKN

GKN plc is a global engineering group. It has three divisions; GKN Aerospace, GKN Driveline and GKN Powder Metallurgy, which operate in the aerospace and automotive markets. Over 58,000 people work in GKN companies and joint ventures in more than 30 countries. GKN is listed on the London Stock Exchange (LSE: GKN) and recorded sales of £9.4 billion in the year to 31 December 2016. Please visit the GKN Additive website for more information.

About GE Additive

GE Additive is part of GE (NYSE: GE) - the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE Additive includes additive machine providers Concept Laser and ArcamEBM; along with additive material provider AP&C and additive service provider to the medical industry, DTI. As a notable user of additive technologies GE recognize the value and potential it brings to modern design and manufacturing. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, resources and intellect. GE delivers better outcomes for customers by speaking the language of industry. www.geadditive.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20171017006012/en/

GE AdditiveRick Kennedy, +1 (513) 607-0609rick.l.kennedy@ge.com

Arrow Reserve Capital Ma... (AMEX:ARCM)
Historical Stock Chart
From Oct 2024 to Nov 2024