AREVO announces In-Q-Tel strategic investment
AREVO Inc. of Santa Clara, CA announced on June 1 that it has closed a strategic investment and technology development agreement with In-Q-Tel (IQT), the non-profit strategic investor that identifies innovative technology solutions to support the mission of the U.S. Intelligence Community.
AREVO has developed a new additive manufacturing (AM) solution for making ultra strong and lightweight composite parts to replace metal parts for production applications. AREVO’s core technology relies on the unprecedented synergy between software, materials, composite additive process and robotics. Through breakthrough innovations in these technologies, AREVO is enabling on-demand manufacturing of mass-customized, lightweight 3D printed composite parts in high volume.
“AREVO’s additive manufacturing technology delivers complex parts with a unique value proposition which cannot be made with any conventional or other additive manufacturing techniques,” said Katie Gray, investments partner at IQT.” “Our partnership with Arevo will enable IQT’s customers to stay ahead of the curve in developing new devices critical to our nation’s security.”
“Partnering with IQT in this manner is a great vote of confidence in our design and composite manufacturing process methods,” said Hemant Bheda, chief executive officer and co-founder of AREVO. “We have made steady progress over the past year in defense applications and we believe our work with IQT will open more doors for us.”