Intech Additive Solutions bags multiple orders worth USD 2 million

  • Industry News
  • Apr 16,21
This order comprises the sale of a combined total of six metal AM systems, iFusion SF1, and iFusion LF1, configured with pre-build software AMBuilder to five organisations.
Intech Additive Solutions bags multiple orders worth USD 2 million

Intech Additive Solutions Pvt Ltd. (Intech), the first Indian OEM successful in developing and supplying 3D metal printers based on laser powder bed fusion technology (LPBF) for industrial manufacturing, has announced that it has bagged multiple orders in the last quarter which ended March 31, 2021 worth USD 2Mn for its 'Made in India' metal AM systems.

Intech, India's first and only metal additive manufacturer having its facility in Bengaluru, has created history in the metal AM industry by becoming the first Indian OEM to indigenously develop, manufacture, and sell its 'iFusion' series of Metal AM systems, along with its Build Processing software, AMBuilder and parameter optimisation software, AMOptoMet – both developed in-house. These integrated systems have gained ready acceptance in the industry against stiff competition from global majors.

Intech's multiple orders worth USD 2M includes the sale of a combined total of six metal AM systems, iFusion SF1, and iFusion LF1, configured with pre-build software AMBuilder to five organisations, viz. Indo-MIM, a leading global supplier of Metal Injection Molding components catering to aerospace, medical, and oil & gas industries, Pandit Deendayal Energy University (PDEU) - for applications in energy and energy infrastructure, Poeir Jets- an Indian OEM for heavy-lift drones and two more renowned organisations in India whose names will be announced soon.

“We have focused on a steady and sustainable growth path despite the challenges of COVID and enforced lockdowns. It is exciting to see that our home grown iFusion series Metal AM systems, AM software suite AMBuilder and AMOptoMet has been well accepted and garnering increasing acclaim day by day as a better alternative to extremely expensive imported AM systems,” said Sridhar Balaram, CEO of Intech. "Our target industry segments are growing, and our investment strategy has kept up with the increased demand with the support of our strong team of experts in-house. We are also diversifying our team by adding innovative young professionals."

"The positive results of Q4 2020-21 has prompted us to accelerate our investment plans in hardware, software, and consultancy. Our sales pipeline is highly promising. The market is prompting us to take a positive stand despite the looming COVID situation, which also gives us immense confidence to invest further," said Pradeep Nair, Vice President -Hardware Sales, Intech. "We are confident and determined to establish Intech as a global OEM. Our primary task is to create an innovative ecosystem to produce Metal AM products and services and embed them into mainstream manufacturing."

"Intech aspires to stay true to the principles of 'Make in India' and the 'Atmanirbhar Bharat Abhiyan,' advocating self-reliance through India's additive manufacturing industry's technological transformation. It also aims to be a global solution provider for metal AM systems and AM software, contributing to the growth of a sustainable ecosystem for AM systems in India to compete globally and ensure AM manufactured end-user functional components for domestic and export markets." added Sridhar Balaram.

Intech is amongst a few manufacturers globally to integrate its metal printers with its build processing software - AMBuilder and an additional software tool AMOptoMet for parameter optimization addressing the needs of industries such as aerospace, automotive, general engineering, tool & die and medical market segments in India and abroad. Combining the two software packages with Intech's printers provides users with an end-to-end metal AM solution along with local after-sales services.

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