Equispheres announces $8 million in funding received from SDTC to scale production.
Equispheres, a materials science innovator based in Ottawa, Canada, announced they have been awarded funding and support from Sustainable Development Technology Canada (SDTC). SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. Equispheres is receiving $8 million from SDTC to facilitate scaling its metal powder production capacity over the next two years.
As automotive and aerospace manufacturers seek to reduce the carbon footprint of their products, vehicle weight optimization is a priority. Equispheres’ powder is designed specifically for additive manufacturing and has been optimized for the automotive and aerospace industries. As such, this powder allows parts to be manufactured faster, and up to 30% stronger and lighter than those with traditional AM powders.
Leah Lawrence, President and CEO, Sustainable Development Technology Canada is excited about how this technology translates into real-world change. “Canadian cleantech entrepreneurs are tackling problems across Canada and in every sector. I have never been more positive about the future. Equispheres has developed a metal powder that acts as ink for 3D printing and enables automotive and aerospace manufacturers to reduce the weight of their products. With Equispheres’ powder set to remove 100 – 200 kg of mass from an automobile, this would be the equivalent to removing 75 million cars off the road!”