Xaar PLC Investment in 3D Printing (8885R)
December 15 2016 - 2:00AM
UK Regulatory
TIDMXAR
RNS Number : 8885R
Xaar PLC
15 December 2016
15 December 2016
Xaar plc
Investment in 3D Printing
Xaar plc ("Xaar", "the Group" or "the Company") is pleased to
announce an investment in 3D Printing, led by Professor Neil
Hopkinson, through the establishment of staff and facilities in
Nottingham, UK and Copenhagen, Denmark.
Xaar will be opening a Xaar 3D Centre in Nottingham, UK, in
January 2017, to deliver 3D printing services and equipment to
OEMs, material suppliers and end users. In addition to the
investment in Nottingham, Neil's team has recently been expanded
through the acquisition of an experienced group of talented
engineers working in Copenhagen, Denmark. The Copenhagen team will
provide design and process development expertise to help our
partners commercialise equipment, enhancing Xaar's ability to
secure further revenues in this fast growing sector.
"I am delighted to confirm our investment in The Xaar 3D Centre
in Nottingham and the expansion of our team", says Professor Neil
Hopkinson. "As we build our business in 3D it is vital that we have
the in-house resources to support our partners. The acquisition of
the team in Denmark further extends our expertise".
"Our investments in Nottingham and Copenhagen will significantly
expand our capability in this sector, helping us to achieve our
growth plans" commented Doug Edwards, Xaar's CEO.
Contacts
Xaar plc
Alex Bevis, CFO +44 (0)1223-423663
Doug Edwards, CEO www.xaar.com
Tulchan Communications
James Macey White +44 (0)20-7353-4200
This information is provided by RNS
The company news service from the London Stock Exchange
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December 15, 2016 02:00 ET (07:00 GMT)