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Evolve Additive Solutions has shipped the company’s first SVP system, which was sold to a customer in Europe. In the past week, the box packaging was completed and the huge production machine loaded onto the truck for delivery to the customer.
The company’s own STEP technology (Selective Thermoplastic Electrophotographic Process) is a scaled, series-ready manufacturing platform. The sale of the machine was completed at the end of 2020. For reasons of confidentiality, the customer’s name and terms of sale have not been disclosed.
Evolve is known to have raised $ 19 million in funding through a round of capital investment led by the LEGO Brand Group. News of the investment round, which also included Stanley Black & Decker Investments and one other investor (unknown), followed Evolve’s recent announcement that the company is shipping its first STEP additive manufacturing system to a customer for Alpha development Has.
Evolve Additive Solutions has also partnered with Evonik to formulate Evonik’s thermoplastic materials for Evolve’s STEP additive manufacturing solutions. The first development efforts concentrate on polyamide 12, PEBA, transparent polyamide and polymers of the polyamide 6 series. In the future, the combined efforts will result in a wider choice of materials for STEP users with more choices of 3D printing materials for production that are commonly used in traditionally manufactured products.
The unnamed first commercial customer bought the SVP (Scalable Volume Production) system with the aim of factory flexibility, improved time-to-market, resilience of the supply chain and the ability to manufacture products that otherwise could not be made using conventional injection molding processes.
The client’s application includes the use of multicolor skills and a wide range of materials. “This global systems sale marks a significant milestone in our commercialization,” said Steve Chillscyzn, CEO and founder of Evolve. “Our first customer not only bought the SVP platform, but the sale also included software and materials. We are very excited to work with this organization and see how the use of our technology optimizes their efficiency, increases their profits and gives them insight into the utilization of their entire network. “
The SVP platform was released in the third quarter of 2020 and the company is currently taking new orders.