SUN METALON Announces New Funding and Global Leadership Appointments

Author: SUN METALON Inc. / 2023-07-25 16:08 / Source: SUN METALON Inc.

SUN METALON Announces New Funding and Global Leadership Appointments

- SUN METALON Raises Additional US$2 Million from New U.S. and JapaneseInvestors to Accelerate Global Expansion -

- It Adds Industry Veterans Dr. Adrian Keppler and Mr. Mark Cook to Board andLeadership Team -

REDONDO BEACH,Calif. and KAWASAKI,Japan,April 13,2023 -- SUN METALON Inc. ( https://sunmetalon.com ),the pioneer in a revolutionaryultra-high-speed metal 3D printing technology,announced that it raised anadditional US$2 million in its pre-series A extension. The funding was from newinvestors Impact Science Ventures,i-nest capital and Scrum Ventures,alongwith an existing investor D4V (Design for Ventures). This new financing roundbrings the total investment in SUN METALON to US$9.7 million.

Logo: https://kyodonewsprwire.jp/img/202304114725-O1-k9sl0798

In addition,former EOS CEO Dr. Adrian Keppler was appointed as an independentdirector and former 3D Systems VP Mr. Mark Cook as VP of Product and BusinessDevelopment for global expansion.

Dr. Adrian Keppler

Photo1: https://kyodonewsprwire.jp/img/202304114725-O2-AbmvJ8B0

"SUN METALON has a fascinating technology allowing to speed up the 3D Printingprocess of Metals significantly. This is what customers are looking for,especially in less demanding industries than aviation and medical. Besidesthat,SUN METALON has a highly ambitious leadership team gathering a group ofvery talented people both in Japan as well as the US. I'm honored and thrilledto join the team on its interesting journey becoming the dominant player in'affordable' Metal 3D Printing!"

Mr. Mark Cook

Photo2: https://kyodonewsprwire.jp/img/202304114725-O3-seb8hv6D

"As head of the metal LPBF product portfolio at 3D Systems,I understood thedifficult challenge of penetrating broader manufacturing markets due to theinherent high cost per part because of the slow speed and lack of scalabilityof that technology. That knowledge allowed me to immediately recognize that SUNMETALON's unique technology would provide a more revolutionary rather thanevolutionary breakthrough in speed and overall cost per part. In addition tospeed and cost improvements,the technology allows manufacturers to implement atrue circular business model having a significant impact on their carbonfootprint."

Comments from new investors and SUN METALON's CEO:

https://kyodonewsprwire.jp/attach/202304114725-O1-77XqJE6U.pdf