BASF Venture Capital GmbH has announced an undisclosed investment in Chinese 3D printing OEM, Prismlab, according to TCT Mag.
Through the agreement, Prismlab will continue the development of products and expansion into the global 3D printing market and currently has five machines which are all based on stereolithography.
With five machines based on stereolithography technology each possessing a diverse build volume capability, the technology is expected to increase resolution without reducing speed.
The printing technology works with each pixel in the resin split into smaller sections which are then exposed to LCD light and cured individually.
Markus Solibieda, Managing Director of BASF Venture Capital GmbH, said: “This is our first direct investment in a Chinese company. “This investment supports BASF’s strategy of actively advancing our technologies and expanding our product offering in the 3D printing sector.”
Dr. Zheng Daqing, BASF’s Senior Vice President, Business and Market Development Greater China, commented: “China is transforming from a manufacturing-driven to an innovation-driven economy. This investment in Prismlab reflects our commitment to further expanding our innovation capabilities in China, and BASF Venture Capital plays an important role in helping us identifying potential partners that lead us to success.”