COEUR D’ALENE, Idaho — March 17, 2021 — Continuous Composites today announced that Saint-Gobain, a 38.1-billion-euro-turnover French multinational manufacturer and distributor of high-performance materials, has invested in the company for the development and commercialization of Continuous Composites’ patented technology, Continuous Fiber 3D Printing (CF3D®). In parallel to the investment, the two companies executed a joint development agreement for the commercialization of CF3D.
CF3D combines high performance continuous fiber with rapid curing thermoset resins to enable affordable manufacturing of complex composite structures. CF3D is an industry agnostic automated solution comprised of configurable hardware, proprietary software, and tailorable materials solutions for strong, lightweight applications.
As one of the oldest companies in the world, Saint-Gobain has a rich history of adapting to market changes spurred by technology advancements and industry shifts spanning over 350 years. As a pioneer of innovation, Saint-Gobain delivers high value solutions across many industrial markets. This strategic investment is an initiative of NOVA, the external ventures arm of Saint-Gobain, which connects startups with the company’s resources to nurture their ideas and grow their companies to scale.
“Saint-Gobain recognizes the incredible opportunity and the potential of Continuous Composites’ CF3D technology,” said Minas Apelian, vice president of Internal and External Venturing, Saint-Gobain. “This partnership will bring innovative solutions to our customers and we are excited to take this strategic step with the Continuous Composites team.”
“The investment by Saint-Gobain allows our team access to an extensive pool of resources and expertise across their eight research centers worldwide,” said Tyler Alvarado, Continuous Composites CEO. “We are proud to be a portfolio company of NOVA by Saint-Gobain and together we are establishing CF3D as a foundational technology in the AM 2.0 industry.”
Posted March 17, 2021
Source: Continuous Composites Inc.