Evolve Additive Solutions the proprietary developer of new 3D printing technology, Selective Thermoplastic Electrophotographic Process, has received $19 million in equity from three strategic investors. LEGO Brand Group, the innovation development arm of LEGO investment company KIRKBI A/S is the first investor, followed by FORTUNE 500 industrial tool and hardware company Stanley Black & Decker and a third, undisclosed, party. Steve Chillscyzn, CEO of Evolve Additive Solutions, comments, “Evolve has entered an exciting new growth phase as we begin commercial development of our proprietary STEP technology,”. The investment from LEGO Brand Group and Stanley Black & Decker will be directed to help the company reach Beta stage rollout of its 3D pritners and, in Bradshaw’s words, to “Take additive manufacturing mainstream.” Stratasys remains a minority investor in the company, and BNP Paribas acted as exclusive financial adviser to the company for this latest raising. Tim Hatch, Chief Technology Officer for Stanley Engineered Fasteners, comments, “We are excited about the potential impact that Evolves unique Additive Manufacturing technology could have on the production of high quality medium volume plastic components for a number of our product categories.” “Per Hjuler, Head of Brand and Business Development at LEGO Brand Group, adds,”The LEGO Group has been using Additive Manufacturing technology for more than 20 years. “With Evolve Additive Solutions we have found a very competent partner within this area.”

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