Reliance licences additive manufacturing technology
Reliance Precision has announced that, following investment from venture capital company Longwall Venture Partners and the Angel CoFund, Wayland Additive will commercialise breakthrough innovations developed by Reliance.
Wayland is a start-up company currently developing metal Additive Manufacturing (AM) machines, which will include new technology generated by Reliance when they are released in 2021. In AM, complex free-form components are built up in successive layers of material under computer control, as opposed to conventional ‘subtractive manufacturing’ where material is cut away from a solid block. Initially, AM was used for rapid prototyping but manufacturers soon realised the extensive capabilities of this new fabrication process. It is now beginning to have a significant impact on the way products are developed and made.
Wayland’s Director, Will Richardson, comments: “Additive manufacturing is currently one of the fastest growing, disruptive technology spaces, providing manufacturers with the ability to produce high value components that would have been impossible even ten years ago. We are excited to be developing our new product in such a high-potential market, and look forward to driving its rapid growth as we prepare to launch in the coming years.”
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