Markforged Sets Up With Strategic Investment Agreement with In-Q-Tel
Partnership enables the U.S. government to leverage the Markforged industrial additive manufacturing platform for creating metal and continuous carbon fiber parts.
February 19, 2020
Markforged, provider of metal and carbon fiber 3D printers, announced a strategic investment agreement with In-Q-Tel, Inc. (IQT), the not-for-profit strategic investor that identifies and accelerates the development and delivery of technologies to support the mission of the U.S. government agencies.
Markforged 3D printers are used in manufacturing everything from automobiles to aircraft engines. The company offers metal printers with the entire range of metals—from high-conductivity copper to industrial tool steel to superalloys like Inconel—all in a safe, fast and easy-to-use platform. Its industrial composite platform can print in continuous carbon fiber, Kevlar and more, creating functional parts.
Markforged has a strong history of technology involvement in the government and defense sectors, as branches of the U.S. military have hundreds of machines in operation today. The company implemented a forward-deployed metal system to support combat operations and now has expanded its support operations to three continents. The U.S. military around the world is using metal and carbon fiber 3D printers for a wide variety of use cases, such as machinery repair, tool creation and field operations.
“We’re excited to expand the reach of our solutions with IQT and continue to push the bounds of what’s possible in additive manufacturing,” says Greg Mark, CEO and founder of Markforged. “Markforged makes it easy to build anything you can imagine, and that capability will empower the people in the Intelligence Community to fulfill their mission anywhere in the world.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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