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Xaar teams up with US rival on 3D printing

By BFN News | 08:30 AM | Thursday 12 July, 2018


Xaar is to invest with Stratasys, a global leader in additive manufacturing, in a newly formed company, Xaar 3D Limited, to develop 3D printing solutions based on High Speed Sintering technologies. Xaar 3D Ltd will leverage the natural synergies between Xaar and Stratasys, specifically Xaar's technology relating to High Speed Sintering and industrial piezo inkjet printheads, along with the commercial and market expertise of Stratasys. Xaar will hold 85% of Xaar 3D Ltd shares with Stratasys holding 15%. In addition, Stratasys has been granted an option to increase its ownership in Xaar 3D Ltd to a total of 30%. Xaar 3D Ltd will hold all of Xaar's High Speed Sintering assets. The new company's board will be chaired by Xaar CEO, Doug Edwards. At 8:30am: (LON:XAR) Xaar PLC share price was +16p at 256.5p Story provided by StockMarketWire.com

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