HiETA secures investment from Meggitt Plc for expansion of Additive Manufacturing activities
We are pleased to announce that HiETA Technologies Ltd has secured investment from Meggitt (UK) Ltd, a subsidiary of Meggitt PLC, a leading international company specialising in high performance components and subsystems for the aerospace, defence and selected energy markets.
The investment will accelerate the development of the next generation of high-performance and light weight thermal systems across our key markets and applications, whilst supporting the growth of our additive manufacturing products and services to both new and existing customers.
Mike Adams, CEO and co-founder of HiETA Technologies Ltd, said: “This is an exciting time for HiETA, as we follow our strategy of partnering with strong industrial players in key industrial sectors. The investment enables us to bring exciting new products to new markets. It also shows the potential for the additive manufacture of our world class designs, when supported by outstanding industrial knowledge, experience and capability. The investment is therefore key to developing confidence in further adoption of additive manufacturing.”
Hugh Clayton, Group Director of Engineering & Strategy at Meggitt, said: “With a 160-year track record in bringing technology to the aerospace, defence and energy markets, innovation is at the heart of everything we do.
This is an exciting collaboration with HiETA and we’re proud to partner with them to push the frontiers of innovation. We look forward to a productive partnership which will shape our future: collaborating on additive manufacturing and thermal system technology to enable the next-generation of more sustainable aircraft propulsion systems and greener energy systems; ensuring a sustainable future for the generations to come.”