SANDI Technology Completes Over $100 Million in Series C Financing to Accelerate 3D Printing Bulk Rapid Manufacturing

(hereinafter referred to as "SANDI"), a provider of 3D printing rapid manufacturing equipment and services, announced the completion of a RMB 100 million Series C financing, jointly led by China Science and Technology Hai Chuang and Become Capital. The proceeds of this financing will be mainly used for capacity expansion, marketing team expansion, and accelerating the layout of 3D printing green additive manufacturing.

Dr. Zong Guisheng, founder and chairman of SANDI Technology, said, "Based on years of 3D printing 1.0 equipment and application, SANDI Technology has mastered 3D printing 2.0 core equipment, materials and process technology, and through the merger and acquisition of foundries, it has opened up the 3D printing process and casting process. At the same time, 3D printing 2.0 technology is applied to enhance powder injection molding, forming the competitive ability of 3D printing green rapid casting and powder metallurgy molding, and successfully creating a multi-material, full-size, and full-chain service model."

3D printing 2.0 brought about by the improvement of printing efficiency and cost reduction, accelerating the pace of transformation and upgrading of traditional manufacturing. To the foundry industry, for example, the domestic market size of about 400 billion, there are more than 20,000 casting enterprises, the head of more than 2,000 casting production accounted for more than 55%, nearly 10,000 "long-tailed" foundry technology is backward, low capacity utilization. China's 14th Five-Year Plan points out to use 3D printing to realize the sand casting digitalization, greening, the establishment of more than 200 demonstration green casting plant. In March this year, the Ministry of Industry and Information Technology, Development and Reform Commission, the Ministry of Environmental Protection jointly issued a document to promote the integration of die-casting molding, moldless casting, sand 3D printing and other advanced technology to achieve industrial application.

In the face of major development opportunities, three emperor science and technology to accelerate the layout, integration of industry chain resources, the whole chain to help traditional manufacturing upgrade. Since the beginning of this year, on the basis of Xinxin Casting in Xianyang, Shaanxi, which has successfully completed the upgrading and transformation of the 3DP sand printing process and realized successful operation, SANDI Technology has landed 3D printing green fast casting projects in Rizhao, Shandong, Yulin, Guangxi, Daiming, Hebei, and Tongling, Anhui, etc., respectively, and expanded the production line of new materials such as BJ metal/ceramic binder on the basis of the equipment production in Wuhu, Anhui, to further deepen the Distributed manufacturing model, enhance the regional integration of rapid manufacturing service capacity, help traditional industries upgrade.

Shandong Rizhao project focuses on promoting a new generation of 3D printing technology in the automotive parts industry in the innovative application, the goal of building the industry's leading flexible intelligent casting production line in the middle batch; Guangxi Yulin 3DP sand printing rapid iron casting, aluminum casting project, based on the Guangdong-Hong Kong-Macao Greater Bay Area and the Beibu Gulf Economic Zone key corridor, radiation in South China and ASEAN hundreds of billions of machinery manufacturing market, with an annual output of high-performance aluminum alloy products of 2 million pieces. Hebei Daming 3D printing green high-end casting aluminum alloy project, will establish 3D printing intelligent casting, liquid extrusion casting, low-pressure casting, differential pressure casting, gravity casting and other automated, intelligent production lines, to achieve an annual output of 20,000 tons of high-end aluminum alloy parts and components of intelligent manufacturing. Anhui Tongling 3DP sand printing intelligent casting, liquid extrusion and low-pressure casting of high-performance aluminum alloys, copper alloys project, it is expected that a period of the annual output of 20,000 tons of intelligent manufacturing of metal parts and components, the project after all production, the annual output of 70,000 tons of intelligent manufacturing of metal parts and components.

For this round of financing, CSTC said that the current global new round of technological and industrial change is surging, the manufacturing industry has become a new round of international competition and the "arena" of the great powers game, 3D printing technology is to promote the manufacturing industry to the digitalization, intellectualization, green development of one of the key technologies. SANDI has its own core technologies such as equipment, materials and processes, and its development potential in the field of 3D printing green rapid manufacturing is worth looking forward to. CSTC will assist SANDI to further enhance its rapid manufacturing capability, continue to empower the industrialized scale application of 3D printing, and help it to become a leader in the field of 3D printing rapid manufacturing.

Become Capital said that it will continue to pay attention to the opportunities in the market to empower traditional industries with technological change and innovation. The team of SanDi Technology is experienced in the field of 3D printing, and its unique barriers have been formed in 3D printing 2.0 technology-enabled casting and MIM industry quality enhancement to help the traditional foundries to carry out digital transformation and upgrading, which allows us to see the future picture of the hundreds of billions of dollars of scale of the rapid manufacturing market.

Beijing SANDI Technology Co., Ltd. is a high-tech enterprise focusing on 3D printing green rapid manufacturing equipment and services, the business covers the development and production of 3D printing equipment, rapid manufacturing services for finished metal parts, the research and development and production of 3D printing raw materials, and has established a more complete 3D printing rapid manufacturing industry chain, which is widely used in the aerospace and military industry, automotive, rail transportation, ship pumps and valves, Engineering machinery, education and scientific research, sculpture and cultural creation, rehabilitation and medical care and other industries.