XAAR PLC

Regulatory Filings • Dec 15, 2016

National Storage Mechanism | Additional information

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RNS Number : 8885R

Xaar PLC

15 December 2016

15 December 2016

Xaar plc

Investment in 3D Printing

Xaar plc ("Xaar", "the Group" or "the Company") is pleased to announce an investment in 3D Printing, led by Professor Neil Hopkinson, through the establishment of staff and facilities in Nottingham, UK and Copenhagen, Denmark.

Xaar will be opening a Xaar 3D Centre in Nottingham, UK, in January 2017, to deliver 3D printing services and equipment to OEMs, material suppliers and end users.  In addition to the investment in Nottingham, Neil's team has recently been expanded through the acquisition of an experienced group of talented engineers working in Copenhagen, Denmark.  The Copenhagen team will provide design and process development expertise to help our partners commercialise equipment, enhancing Xaar's ability to secure further revenues in this fast growing sector. 

"I am delighted to confirm our investment in The Xaar 3D Centre in Nottingham and the expansion of our team", says Professor Neil Hopkinson. "As we build our business in 3D it is vital that we have the in-house resources to support our partners.  The acquisition of the team in Denmark further extends our expertise".

"Our investments in Nottingham and Copenhagen will significantly expand our capability in this sector, helping us to achieve our growth plans" commented Doug Edwards, Xaar's CEO.

Contacts

Xaar plc
Alex Bevis, CFO	+44 (0)1223-423663
Doug Edwards, CEO	www.xaar.com
Tulchan Communications
James Macey White	+44 (0)20-7353-4200

This information is provided by RNS

The company news service from the London Stock Exchange

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