07122020Sun
Last updateWed, 08 Jul 2020 11am
>>

Evolve Additive Solutions Receives Continued Support From Stanley Black & Decker Through an Additional Round of Investment Funding

This investment will provide growth and accelerate new market opportunity

Today Evolve Additive Solutions announced continued support by Stanley Black & Decker. In 2017, Evolve raised $19 million in equity funding with Lego Brand Group and Stanley Black & Decker investing in its STEP (Selective Thermoplastic Electrophotographic Process) technology. This additional investment supports Evolve’s vision of expansion into new markets, applications and opportunities.

Evolve’s STEP technology sits alongside traditional manufacturing processes, such as injection molding, on the manufacturing floor and augments an organization’s production capabilities allowing freedom of design and faster time to market with “toolless” production.

“Stanley Black & Decker is excited about the continued relationship. Evolve’s vision in the Additive Manufacturing space enables the company to commercialize this new state-of-the-art technology and provide high quality production parts,” said Larry Harper, VP, Stanley Ventures for Stanley Black & Decker.
This additional investment enables Evolve to further strengthen its brand momentum and capitalize on its position as a new global player in the Additive Manufacturing market.

“Our continued relationship expands our market opportunity” stated Steve Chillscyzn, CEO and Founder of Evolve. “As a startup organization that is redefining the market, the continued confidence and trust from Stanley gives us proof that there is a strong demand for our technology in the marketplace”.
Evolve’s STEP Technology is expected to begin commercial sales in late 2020.
www.evolveadditive.com

 

comments
  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 760 guests and no members online

Cookies make it easier for us to provide you with our services. With the usage of our services you permit us to use cookies.