Swedish company VBN Components has signed a license agreement with a global engineering group headquartered in Europe. The deal allows exclusive license within a specific niche of high-strength components.
As part of the agreement, the engineering company acquires products, as well as R&D, from VBN to enable integration of the new manufacturing process to its components. VBN will provide support with the set up and installation of manufacturing cells with VBN’s patented material manufacturing technique AM-HSS.
“After considerable technical testing and analysis, the agreement has been signed and we are very much looking forward to collaborating with this global partner,” said Martin Nilsson, CEO of VBN Components. “The license agreement shows that our initial idea of making better materials with 3D printing, rather than what’s possible traditionally, is really working.”