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Precision ADM received strategic U.S. private investment funding from 3D printing industry veterans Andy Christensen and Joe Allison.
This investment will further the company’s aggressive growth strategy in the medical device sector, including securing additional manufacturing capacity, quality systems and material selection for serial production.
Andy Christensen, Founder and President of Medical Modeling, has spent his entire career focused on developing and expanding the medical applications of additive manufacturing. Medical Modeling was acquired by 3D Systems in 2014.
Joe Allison co-founded Solid Concepts as a parts manufacturer and software provider. Solid Concepts was acquired by Stratasys in 2014, then merged with Harvest Technologies and RedEye to create Stratasys Direct Manufacturing, where most recently Mr. Allison served as CEO.
“It’s a pleasure to be aligned with Precision ADM, their great team and vision for additive manufacturing,” said Mr. Christensen. “Additive metals in the orthopedic, spine and craniomaxillofacial space is in a high growth phase with ample opportunity in serial and patient-matched implants.”
“Precision ADM is well positioned to aggressively expand 3D printing into new medical and aerospace applications,” said Mr. Allison. “The executive team has the vision, experience and passion to make a material difference in this industry.”
Precision ADM is a global engineering and manufacturing solutions provider that uses Additive Manufacturing/3D Printing as a core technology, complemented by multi-axis machining to manufacture components and devices for the medical, aerospace, energy and industrial sectors.
Source: Precision ADM Inc.
