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Sumitomo Invests in Elementum 3D

Tuesday, January 14, 2020
 

Sumitomo Corporation of Americas, New York, NY, announced its investment in Elementum 3D, Inc., an Erie, CO -based additive manufacturing (AM) solutions provider, specializing in the creation of advanced metals, composites and ceramics. Elementum 3D 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 is an excellent complement to our growing portfolio in the additive manufacturing space," says Kazuaki Tsuda, senior vice president and general manager, Steel and on-Ferrous Metal Group at Sumitomo. "Elementum is pioneering new intelligence related to the raw materials supply chain in AM, and we see abundant opportunity for these applications in the near future."

"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," says Dr. Jacob Nuechterlein, president at Elementum 3D. "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 and gas industries, Arevo, a 3D printing company using carbon composite materials; and Shapeways, a 3D printing service company.



 

See also: Elementum 3D


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