NanoSteel ® , the leader in nanostructured steel materials, today announced the evolution of its Additive Manufacturing (AM) business unit in a new company called 'Formetrix ™.' Led by an industrial leader in additive manufacturing and including other Cycad Group and SPDG investors, Formetrix has completed its Series A capital raising to accelerate the commercialization of Formetrix's steel alloys for 3D printing.

Over the past four years, the team has developed new alloys with extraordinary material properties that current 3D printable or injection molding alloys do not offer.

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Contacts
NANOSTEEL
Robyn Kennedy
rkennedy@nanosteelco.com

Source: businesswire.com