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Oxford Performance Materials announces second round of strategic investment from Hexcel

Investment will further advance the development of high performance additive Manufacturing (HPAM) and 3D printing for aerospace & industrial applications.

Oxford Performance Materials (OPM), a specialist in advanced materials science and high performance additive manufacturing (HPAM), announced that it has closed on an additional round of strategic investment from Hexcel Corporation. In May 2016, OPM and Hexcel announced an initial strategic investment from Hexcel of $15 million. The second round of investment from Hexcel is $10 million, for a total equity investment of $25 million to date.

OPM develops proprietary material, process and application technologies, and its aerospace & industrial business unit applies 3D printing technology and HPAM to produce fully functional end-use parts that combine structural strength, enhanced performance, weight reduction and time-to-market benefits for its customer base.

Hexcel is a specialist in advanced composites technology with headquarters in Connecticut and manufacturing locations worldwide. OPM Aerospace & Industrial utilizes Hexcel carbon fiber in the production of OPM’S 3D printed OXFAB–ESD advanced thermoplastic structural parts for its aerospace, satellite & defense programs.

OPM recently announced its contract award from Boeing to supply 3D-printed OXFAB structural production parts for the CST-100 Starliner. Hexcel’s follow-on investment will further enable OPM to expand capacity to meet rapidly growing market demand for the company’s OXFAB technology in aerospace and other industries. 

Companies: OPM

Technologies: Other Processing Method

Terms: Business

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This article has been edited by Basalt.Today
Source
This article has been written on JEC Composites Magazine
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