Leading by world chemical giant Germany BASF and followed by the world's top 500 enterprises Saudi Arabian industry, the strategic investment in our company was completed on November 3, the signing ceremony of investment and cooperation was grandly held in the Shanghai World Expo Center.
All the shareholders and partners of Prismlab gathered in the Expo Center to witness the important moments in the development of Prismlab. Representatives of the High-Tech Research and Development Center of the Ministry of Science and Technology, Lu Weihua, and Director of the Shanghai Economic and Information Technology Commission, Jiang Wei, visited the event. Mr. Zhao Hongwei, Director of Shanghai Songjiang District Science and Technology Committee and Chairman of the Political Consultative Conference, delivered a speech on behalf of Chen Yujian, the head of Shanghai Songjiang District.
As a leading provider of 3D printing equipment and solutions in China, Prismlab has developed SMS curing 3D printing technology with independent intellectual property rights based on traditional stereolithography technology (SLA). It is possible to print a large number of components in a component or a single process. At the beginning of the year, Prismlab was based on this patented technology. As the lead unit, it successfully established the national key R&D plan “Micro-Nano Structure Additive Manufacturing Process and Equipment”.
Dr. Zheng Daqing, senior vice president of BASF Global and responsible for business and market development in Greater China, said in his speech: "The Chinese market is undergoing a transition from 'manufacturing' to 'intelligence.' The investment in Plymouth reflects our continued expansion. Commitment to innovation in the Chinese market. BASF Ventures will play a very important role in helping us find the right partner and succeed."
“This is our first direct investment in a Chinese company,” said Markus Solibieda, Managing Director of BASF Venture Capital GmbH. “The trailblazing technology from Prismlab allows large and stable components, such as medical braces and anatomical models, to be 3D printed for the first time. This investment supports BASF’s strategy of actively advancing our technologies and expanding our product offering in the 3D printing sector.”
Saudi Basic Industries Corporation (SABIC), senior investment manager John Wei said: "The companies with the core technology have always been very attractive to investors. SABIC has been paying attention to Prismlab’s dynamics for a long time. For Prismlab, the investment also shows our emphasis on the technology industry and the Chinese market. In the future, the two parties will jointly take advantage of their respective advantages in the domestic and foreign fields, and each will play an advantage in the market, customers, and industrial services to form an effective superposition."
Markus Solibieda, Managing Director of BASF Ventures (Global), Saudi Basic Industries Corporation (SABIC), Senior Investment Manager John Wei, Chairman of Shanghai Prismlab China Ltd. signed the relevant investment agreement on behalf of his company
After signing, Mr. Ding Guikang, President of Shanghai Lingang Holdings Co., Ltd. delivered a speech and shared the strategies and policies for the introduction and support of science and technology enterprises such as Prismlab in the Lingjiang Park, and the heart of the park in witnessing the growth of Prismlab. In the course, we firmly believe that the Lingjiang Park will focus on high technology and work together with industrial enterprises to build a highland for the national science and technology industry.
Chen Yunfei, deputy dean of the School of Mechanical Engineering of Southeast University, and a professor of thousands of people, made a speech on behalf of seven colleges and universities, and looked forward to further cooperation with Prismlab to realize the large-scale industrial application of 3D printing.
Akira Kishimoto, general manager of components business of Epson (China) Co., Ltd., delivered a congratulatory message as a supplier representative, and said that Epson will continue to provide the most support for Prismlab in the future.
At the end of the meeting, as a customer representative, Ms. Li Huamin, CEO of Time Angel, gave a speech and congratulated Prismlab on the successful financing. She also reviewed the history of Angels and Prismlab, and introduced the great potential of the cooperation between Age Angel and Prismlab in 3D printing, and broad prospects.
The success of this financing marks the official entry of Prismlab and BASF and Saudi Basic Industries into deepening cooperation. The patented technology developed by Prismlab combines high-speed batch printing, high precision and low cost. The addition of two industry giants will provide strong support for Prismlab‘s product development, and gradually expand the international market to form an influence in the global market.
Prismlab is now becoming China's leading provider of 3D printing products and solutions. In 2013, we successfully developed Sub-Pixel Micro Scanning (SMS) light-cured 3D printing technology. Our company’s vision is to be the leading industrial service provider for 3D Printing. Based on our patent technologies, Prismlab received funding from the National Key R&D Program of China. We are also the leading company of Additive Manufacturing Process and Equipment of Nanostructure project.
Further information at ： www.prismlab.com
About BASF Venture Capital
BASF Venture Capital GmbH (BVC) was founded in 2001 and has offices in Europe, the U.S., China and Israel. The aim of BVC is to generate new growth potential for BASF by investing in new companies and funds. The focus of investment is on chemical products and new materials, software and services as well as innovative and digital business models in the broader field of chemistry.
Further information at ： www.basf.com
Saudi Basic Industries Corporation (SABIC) is one of the world's largest petrochemical companies and one of the world's leading producers of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers. They supply these materials to customers around the world and then make them into consumer products and industrial products that are indispensable in modern life.For more information, please visit: www.sabic.com/en