GE Additive and GKN Sign MoU for Additive Manufacturing Collaboration

GE Additive (NYSE:GE) and Concept Laser Arcam AB (STO:ARCM) have announced they have signed a memorandum of understanding with GKN (LSE:GKN) to collaborate on Additive Manufacturing (AM).
As quoted in the press release:

 The agreement includes the provision of additive machines and services to GKN, allowing them to be a GE Additive Production Partner. GKN also becomes a non-exclusive preferred AM powder supplier to GE Additive and its affiliated companies.
“GE Additive and GKN both understand the transformative power that additive manufacturing will have in the aerospace and automotive industries,” said Vice President and General Manager of GE Additive, Mohammad Ehteshami. “Additive machines from Concept Laser and Arcam will bring tremendous value to this GKN relationship and we look forward to collaborating more closely in the future.”
As part of the agreement some of the activities include:

• GE Additive and its affiliated companies will become non-exclusive preferred suppliers of AM machines to GKN and its affiliates.
• GKN will become a GE Additive development and production partner for a range of powder bed and free form deposition technologies.
• GKN will collaborate with GE Additive on part development projects on powder bed machines to enable new market opportunities.
• GKN will become a non-exclusive preferred supplier of powder to GE Additive and GE’s industrial businesses.
• GE Additive’s Engineering Consulting Team (known as “AddWorks”) will assist GKN and its affiliates with the acceleration and industrialisation of AM machines.

Click here to read the full press release.