Investment will support the launch of its 3D printers, based upon its proprietary, record-breaking “High Area Rapid Printing” (HARP^TM) technology

CHICAGO — (BUSINESS WIRE) — May 12, 2020 — Azul 3D^TM, a leading-edge 3D printing company, has completed its second stage of seed financing, totaling over $8 million. The most recent cash infusion exceeds $5.4 million and will be used to advance the company’s proprietary high area rapid printing (HARP^TM) technology and to launch its first commercial printers. The Skokie, IL-based company will also be expanding its operations to prepare for product launch, recruiting senior leadership, and building its manufacturing facility.

Azul 3D^TM is scheduled to ship its first printers to beta partners in the first quarter of 2021, with a full launch of production-ready printers at the end of 2021. Azul 3D^TM’s customers will use the printers for manufacturing, as opposed to prototyping, producing several tons of polymer goods per year using HARP^TM.

At present, Azul 3D^TM is helping to combat the COVID-19 crisis by printing much-needed personal protective equipment (PPE). The company is producing medical face shields for healthcare workers at a record establishing rate of 1,000 per day per printer, in an effort to protect essential workers against COVID-19. Their next generation printer will come online in June, doubling this throughput capacity.

As a follow on to its manufacturing of PPE for COVID-19, Azul 3D^TM has been asked by several state and foreign governments to investigate how they can utilize their unique high-throughput additive manufacturing technologies to lessen reliance on emergency stockpiles, transitioning to a ‘manufacture on-demand’ mentality. With shifting needs during moments of national crisis, such a capacity would be transformative for emergency response.

ABOUT AZUL 3D^TM

Azul 3D^TM is a leading-edge 3D printing company that is transforming the 3D printing industry. Initially invented and developed at Northwestern University, HARP^TM allows one to print 3D structures from a wide pallet of materials in both the presence and absence of oxygen at a record pace. The initial printers based upon HARP^TM are capable of manufacturing parts at production speeds, almost regardless of size, with a throughput dramatically outpacing its competitors and in certain cases competitive with injection molding. Azul 3D^TM is enabling manufacturers to transition from prototype to mass-manufacturing on one streamlined platform. In combination with its proprietary industrial-grade materials, it offers the opportunity for higher throughput, limitless scale, and just-in-time mass production of diverse, highly customized products.

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MEDIA CONTACT:
Rachel Davis
(312) 857-3784
rachel@azul3d.com

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