Danish toy manufacturer Lego and tool maker Stanley Black and Decker recently completed an equity investment in American additive manufacturing company Evolve Additive Solutions.
Lego, Stanley Black and Decker, and another investor who declined to be identified, jointly invested $19 million in Evolve Additive Solutions.
Evolve Additive Solutions, a subsidiary of Stratasys, develops a proprietary Selective Thermoplastic Electrophotographic Process (STEP) technology designed to extend the solution 50 times faster than existing additive manufacturing solutions. Fundamentally improve manufacturing.
Cargoten Rasmussen, chief operating officer of LEGO, explained, 'Lego does not immediately launch a commercial plan for 3D printing of LEGO bricks or elements. But we will continue to use additive manufacturing to keep our products innovative. And create a rapid prototype to test the new toy experience.'
Evolve says its partnership with the world's leading companies will help accelerate the commercialization of STEP technology. 'STEP technology can also be used across industries, for consumer, automotive, industrial and medical applications, and can be an alternative to injection molding. Program' .