Hexcel Corp. (Stamford, CT, US) announced that it has made a strategic investment in Oxford Performance Materials (OPM, South Windsor, CT, US). The investment creates a partnership between the two companies to further advance the commercial application of this growing manufacturing technology to serve the aerospace market.
“Aerospace adoption of reinforced manufactured parts using Hexcel carbon fiber is becoming a viable and meaningful design solution due to its performance and processing advantages,” said Hexcel Chairman, CEO and President Nick Stanage. “With the adoption of these lightweight, high-performing materials expected to accelerate, this is an ideal opportunity for our two companies to work together enabling faster product development and adoption for our customers.”
“Hexcel represents the gold standard in carbon fiber and composite material technologies, and our core target markets are extremely complementary,” said Scott DeFelice, OPM’s Chairman and CEO. “Hexcel’s investment in OPM will help enable us to further expand production capacity to meet rapidly growing market demand for our OXFAB technology. In addition, this investment sets the stage for joint technology collaboration and business development efforts with Hexcel.”
OPM is reportedly the only company producing 3D-printed PEKK-based products in today’s marketplace, including patient-specific medical implants and strong, lightweight parts for space, defense and commercial aircraft.