Boeing HorizonX invests $12.9 million in Digital Alloys, a Massachusetts-based startup specializing in cost-effective metal 3D printing.
Digital Alloys' Joule printing technology is expected to be integrated into Boeing's aerospace production to enable faster and more cost-effective production processes.
This investment underscores Boeing's commitment to innovative manufacturing technologies and its strategy to expand its position in additive manufacturing.
Boeing HorizonX Bolsters 3D Printing Technology: Partnership with Digital Alloys for Advanced Metal Manufacturing.
Boeing HorizonX has recently made a significant investment in the future of 3D printing by supporting the emerging company Digital Alloys with $12.9 million. This move underscores Boeing's commitment to innovative manufacturing technologies and its willingness to invest in promising startups.
Digital Alloys, a startup based in Massachusetts, specializes in cost-effective metal 3D printing. The company's technology, known as the Joule printing process, promises a revolutionary solution for metal manufacturing due to its speed, cost savings, and reliability compared to conventional methods.
Boeing HorizonX's investment in Digital Alloys not only contributes to advancing this advanced 3D printing technology but also has direct implications for Boeing's aerospace production. The Joule printing technology is expected to be integrated into Boeing's manufacturing processes for aerospace components, potentially leading to faster and more cost-effective production workflows.
Brian Schettler, Managing Director of Boeing HorizonX Ventures, emphasized the importance of this investment, stating that it will enable Boeing to manufacture metallic structural parts for aerospace faster and in larger volumes than ever before. This underscores the potential of 3D printing to revolutionize traditional manufacturing methods in the aerospace industry.
The investment in Digital Alloys is part of Boeing's strategy to expand its leadership position in additive manufacturing while also focusing on cutting-edge technologies such as autonomous systems and machine learning. This investment also reflects Boeing's commitment to sustainable innovation, which not only increases efficiency but also pushes the boundaries of traditional manufacturing technologies.
