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Printing specialist Xaar (LON:XAR) is to invest alongside Nasdaq-listed additive manufacturing company Stratasys in the formation of a new company called Xaar 3D, to develop 3D printing solutions based on high-speed sintering technologies.
It is intended that Xaar 3D will leverage the “natural synergies” between Xaar and Stratasys, specifically Xaar’s technology relating to high-speed sintering and industrial inkjet printheads, along with the commercial and market expertise of Stratasys.
“This joint investment in the development of 3D printing technologies reinforces the value created by our research and development, and continues our plan to diversify Xaar’s business,” commented Xaar.
Shares in Xaar jumped 14.9p to 255.4p (as at 10:49 BST).