Sumitomo Corporation of Americas Invests in Elementum 3D, Inc.; Furthers Reach into Additive Manufacturing
Elementum holds a patent for a metal powder blended with ceramics that enables faster printing speed, stronger mechanical properties and a wider usage of metal grades that have not traditionally been suitable for additive manufacturing. This investment will help expand the marketing and sales of Elementum's proprietary powder.
Sumitomo Corporation of Americas ("SCOA") announced today its investment in Elementum 3D, Inc. ("Elementum" or "the Company"), an additive manufacturing research and development company that specializes in the creation of advanced metals, composites and ceramics. Elementum holds a patent for a metal powder blended with ceramics that enables faster printing speed, stronger mechanical properties and a wider usage of metal grades that have not traditionally been suitable for additive manufacturing. This investment will help expand the marketing and sales of Elementum's proprietary powder.
"This investment is an excellent complement to our growing portfolio in the additive manufacturing space," said Mr. Kazuaki Tsuda, Senior Vice President and General Manager, Steel and Non-Ferrous Metal Group at Sumitomo Corporation of Americas. "Elementum is pioneering new intelligence related to the raw materials supply chain in additive manufacturing, and we see abundant opportunity for these applications in the near future."
As a leading global investment and trading company that operates in numerous industries and markets, SCOA believes Elementum's products have the potential to be utilized across several of the company's business verticals, including steel, mineral resources, aerospace and tubular. It is plausible that this technology could disrupt the current supply chain altogether, seeing additive manufacturing end-users working directly with Elementum rather than traditional raw materials manufacturers.
"We are excited to have Sumitomo Corporation of Americas come onboard as an investor. It speaks volumes that a company of this size and reach has such confidence in what we are creating," said Dr. Jacob Nuechterlein, President at Elementum 3D, Inc. "With this series A funding, we are eager to get our product further out into the marketplace and continue to grow our client base."
Elementum is one of several investments made by SCOA in the AM space, which include Sintavia, a leading Tier 1 additive manufacturer for the Aerospace and Oil & Gas industries, AREVO, a 3D printing company using carbon composite materials and Shapeways, a 3D printing service company.
About Sumitomo Corporation of Americas
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has 8 offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services. As an integrated business enterprise, Sumitomo Corporation has emerged as a major organizer of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide.
The company's core business groups include Metal Products, Transportation & Construction Systems, Infrastructure, Media & Digital, Living Related and Real Estate, and Mineral Resources, Energy, Chemical & Electronics. For more information visit www.sumitomocorp.com
About Elementum 3D, Inc.
Elementum 3D specializes in materials and process development and the creation of advanced metal alloys and metal ceramic composites. Elementum 3D has developed and patented their reactive additive manufacturing (RAM) materials technology that enables printing of high-performance materials that were not previously possible. The company has a number of novel feedstock powders with printing parameters available for purchase and excel in development of custom materials tailored for an application. Elementum3D provides the materials freedom to help companies around the world in their quest to increase product strength, durability, and performance while reducing weight and cost.
For more information, visit www.elementum3d.com
SOURCE Sumitomo Corporation of Americas
Featured Product
FLIR Si1-LD - Industrial Acoustic Imaging Camera for Compressed Air Leak Detection
The FLIR Si1-LD is an easy-to-use acoustic imaging camera for locating and quantifying pressurized leaks in compressed air systems. This lightweight, one-handed camera is designed to help maintenance, manufacturing, and engineering professionals identify air leaks faster than with traditional methods. Built with a carefully constructed array of MEMS microphones for high sensitivity, the Si1-LD produces a precise acoustic image that visually displays ultrasonic information, even in loud, industrial environments. The acoustic image is overlaid in real time on a digital image, allowing you to accurately pinpoint the source of the sound, with onboard analytics which quantify the losses being incurred. The Si1-LD features a plugin that enables you to import acoustic images to FLIR Thermal Studio suite for offline editing, analysis, and advanced report creation. Field analysis and reporting can also be done using the FLIR Acoustic Camera Viewer cloud service. Transferring of images can be managed via memory stick or USB data cable. Through a regular maintenance routine, the FLIR Si1-LD can help facilities reduce their environmental impact and save money on utility bills.
