Following the big news of the upcoming merger and initial public offering, Markforged has announced that Phillips Corporation will add the startup’s 3D printing technology to its portfolio of additive and subtractive manufacturing technologies.
Maryland-based Phillips Corporation has a growing additives business that includes sales of EOS metal 3D printers. Last summer, Phillips Corporation’s Federal Division, which sells machinery and other ancillary equipment to the federal government and the Department of Defense and is waiting, signed a public-private partnership agreement with the US Army and began working with Australia’s SPEE3D technology with the US Navy. Most recently, the company was involved in the launch of a new manufacturing center due to open in Southern Virginia next year.
“Phillips Corporation is extremely pleased to be working with Markforged to introduce their products to our large base of commercial and federal government customers,” said Alan M. Phillips, Phillips CEO. “We intend to leverage the tremendous potential for our subtractive customers to be introduced to Markforged’s affordable design-to-print additive technology. Given that both the commercial and federal industrial supply chains have increased interest, application and demand for 3D printed parts, the Markforged range of products is an optimal solution for customers leveraging their additive manufacturing ability or want to expand. This is a very exciting time in the rapid pace of additive manufacturing. We are excited to work with Markforged and together make an important contribution to the global additive manufacturing revolution. “
Now Phillips Corporation will distribute Markforged’s Digital Forge, including its metal and carbon fiber 3D printing technologies. What makes these 3D printers a “digital forge” is the artificial intelligence that powers the global network of Markforged customers and learns from the data of each build to improve each subsequent print job.
“Partnering with Phillips Corporation will give Markforged additional distribution across the Americas and Asia, while providing Phillips’ commercial and federal government customers with more tools to reinvent manufacturing and be more efficient,” said Shai Terem, CEO at Markforged. “With Markforged, Phillips Corporation customers can harness the power of additive to do everything from optimizing their supply chains by producing parts on demand to truly transforming their business.”
As noted, Phillips is already well connected with the U.S. military, as is Markforged, who not only has used his machines in more than one way from the Marines, but has also received an investment from the CIA through its investment line. In-Q-Tel. Hence, the relationship between the two companies should be quite synergistic.