Eagle Engineered Solutions Enters Agreement with Siemens Energy, Inc.

Eagle Engineered Solutions (Medina, Ohio) and Siemens Energy Inc. (Orlando, Florida) have entered into a strategic Development Collaboration Agreement (DCA) to further develop 3D printed / Additive Manufactured (3DP/AM) ceramic cores and patterns for Industrial Gas Turbine and Aero-derivative applications. In addition, Siemens has made an equity investment in Eagle through next47, Siemens’ venture capital advisor and catalyst for external startups.

Eagle’s president, Mike Hascher stated, “We are extremely pleased to have such a distinguished strategic and financial partner in our development of IGT ceramic core development. Our DCA and Siemens’ investment further validates the use of 3DP/AM technologies for casting development and advanced turbine blade and vane designs only possible with additive manufacturing technologies”.

Co-owner, Bill Buckley commented, “Siemens shares our vision of accelerated development of our ceramic core and tool-less pattern manufacturing that allows OEM’s and investment casters truly be First to Market”.

Hascher, explained, “We’ve focused our efforts for the past seven years on bringing true solutions for investment casters utilizing 3D printing technologies. Global Turbo-machinery manufacturers and Investment Casters have recognized the benefits of 3D printing technologies that allow them to reduce costs and lead times”.

Paul Garbett, Siemens’ Director Large Gas Turbine Engineering added, “The continued development of additive manufactured cores, patterns and molds will allow Siemens Energy to optimize large gas turbine component design without the constraints of today’s manufacturing methods. We are looking forward to utilizing Eagle’s current capabilities and developing new 3D printing/additive manufacturing technologies.”

Stefan Schell, Siemens’ manager Manufacturing Development and Industrialization summarized, “Eagle’s technology perfectly fits into our manufacturing
development and industrialization strategy. Beside rapid prototyping of advanced core design there is a significant potential to reduce engineering lead times. Combined with our other advanced core manufacturing technologies we have now unlocked the ability to produce and test high efficiency airfoil designs in a timely manner.”

About Eagle Engineered Solutions
Eagle Engineered Solutions is a global supplier of 3D Printed/Additive Manufactured products and services to the global metal casting industries with specialization in investment casting and sand casting applications. Eagle was established in 2010 and is headquartered in Medina, Ohio and has on-going operations in Mount Vernon, Ohio. Eagle was the winner of the 2015 AMUG Advanced Concepts Technical Competition with their Tomorrow's Turbine Blade with their Direct Print Ceramic Core with 3DP Wax Pattern for Investment Casting. Eagle provides their products and services in North America, Europe and Asia. Eagle can be contacted at +1 330 416 5275 or sales@eagle-esi.com.

About Siemens
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico. www.siemens.com

About next47
next47, Siemens´ independent investment arm launched in October 2016, seeks to partner with innovative minds and turn big ideas into viable businesses. The dynamic next47 team acts as a venture capitalist, advisor and catalyst into Siemens for external start-ups and creative entrepreneurs, including Siemens employees. Its global presence in Silicon Valley and Boston, Germany, China and Israel positions next47 close to the major innovation ecosystems to identify, shape and grow future businesses for Siemens. For more information see www.next47.com