Voxeljet Selected For $14.9M Contract Alongside GE Research To Develop Advanced Manufacturing Technologies To Enable The U.S. Energy Transition
Portfolio Pulse from Benzinga Newsdesk
Voxeljet (NASDAQ:VJET) has been selected by GE Research for a $14.9M contract funded by the U.S. Department of Energy (DoE) to develop advanced manufacturing technologies. The project aims to develop a voxeljet sand binder jet 3D printer for manufacturing large sand-casting molds, which will be used to produce metallic near net shape (NNS) components for the wind and hydro energy sectors. The goal is to reduce production time and costs, with the potential to reduce overall hydropower costs by 20% and lead times by four months.
October 11, 2023 | 1:16 pm
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Voxeljet's involvement in the DoE-funded project to develop advanced manufacturing technologies for the energy sector could boost its profile and potentially increase its stock value.
Voxeljet's selection for this project indicates recognition of its technological capabilities, which could enhance its reputation in the market. The successful development and implementation of the project could lead to increased demand for Voxeljet's services, potentially driving up its stock price.
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