Oxford Performance Materials, Inc. (OPM), a leader in advanced materials science and high performance additive manufacturing, announced that it has closed on an additional round of strategic investment from Hexcel Corporation (NYSE: HXL). In May 2016, OPM and Hexcel announced an initial strategic investment from Hexcel of $15 million. The second round of investment from Hexcel is $10 million, for a total equity investment of $25 million to date.
OPM develops proprietary material, process and application technologies and its Aerospace & Industrial business unit applies 3D printing technology and HPAM™ to produce fully functional end-use parts that combine structural strength, enhanced performance, weight reduction and time-to-market benefits for its customer base.
Hexcel is a global leader in advanced composites technology with headquarters in Connecticut and manufacturing locations worldwide. OPM Aerospace & Industrial utilizes Hexcel carbon fiber in the production of OPM’S 3D printed OXFAB®–ESD advanced thermoplastic structural parts for its aerospace, satellite & defense programs.
OPM recently announced its contract award from Boeing to supply 3D-printed OXFAB structural production parts for the CST-100 Starliner. Hexcel’s follow-on investment will further enable OPM to expand capacity to meet rapidly growing market demand for the company’s OXFAB technology in aerospace and other industries.
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06 February 2017
