PTA-News: SLM Solutions Group AG: SLM ANNOUNCES SALE OF TWO MORE SLM®500s TO ROLLS-ROYCE

Tuesday, 23. August 2022 14:00

Business news for the stock market

Lübeck, Germany (pta028/23.08.2022/14:00) - August 23, 2022. SLM Solutions Group AG ("SLM Solutions," "SLM" or the "Company") has announced the sale of two more SLM®500s to Rolls-Royce in 2022.

Rolls-Royce previously purchased SLM®500s as part of the journey to transfer their expertise and knowledge gained on single laser solutions to multi-laser platforms. These additional machines are part of the pre-production ramp up for the Pearl®10X

Rolls-Royce will be using the systems for the manufacturing of aero engine components. These SLM®500 will be utilized to 3D print complex combustor tiles achieving valuable weight and emission reduction ultimately contributing to the world-class environmental performance of the Pearl®10X an overall 5% increase in efficiency for the Pearl®10X compared to its predecessor.

The Pearl®10X is the most powerful member of the market-leading Pearl engine family and has been designed specifically for the Dassault Falcon 10X, a highly advanced jet aircraft.

With more than 3,600 business jets powered by Rolls-Royce engines in service, they remain the world's leading engine supplier in the business jet market.

Richard Mellor, Rolls-Royce Chief Manufacturing Engineer for Additive Layer Manufacturing, says 'Additive layer manufacturing enables the delivery of complex high-performing assemblies which cannot be manufactured using conventional techniques. For example, these combustor tiles include cooling holes which turn the air through 180 degrees maximising efficiency whilst reducing emissions. This repeat order reflects the close and successful relationship between the Rolls-Royce and SLM teams."

The industrialization of additive manufacturing within the broader civil aviation sector is expected to gather momentum in the coming periods with the AMPOWER Report 2022 forecasting system sales will triple to over EUR 250 million by 2026.

"Having a high-profile company such as Rolls-Royce as a returning customer is really gratifying" comments SLM Solutions' CEO, Sam O'Leary. "We are committed to forging relationships like these with our team of experts every step of the way, ensuring our customers' success through close collaboration."

The first quad-laser metal system on the market, SLM®500 can integrate lasers independently or in parallel to increase build rates by 90% over twin laser configurations. Machine operator and powder are separated through a closed-loop powder handling strategy with an automated powder sieve and supply. Designed for serial production, the exchangeable build cylinder enables the shortest possible fire to fire times, reducing downtimes of the machine to a minimum.

About Rolls-Royce Holdings plc
Rolls-Royce pioneers the power that matters to connect, power and protect society. Rolls-Royce has pledged to achieve net zero greenhouse gas emissions in their operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming their ambition to play a fundamental role in enabling the sectors in which they operate achieve net zero carbon emissions by 2050.

Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces more than 4000 marine customers including 70 navies and navies, and more than 5,000 power and nuclear customers.

Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and they invested £1.18 billion on research and development. They also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

Rolls-Royce Holdings plc is a publicly traded company (LSE:RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).

About SLM Solutions
SLM Solutions is a global provider of integrated metal additive manufacturing solutions. Leading the industry since its inception, it continues to drive the future of metal AM in every major industry with its customers' long-term success at its core. SLM Solutions is home to the world's fastest metal additive manufacturing machines boasting up to 12 lasers and enabling build rates up to 1000ccm/h. With a portfolio of systems to suit every customer's needs, along with its team of experts closely collaborating at every stage of the process, SLM Solutions leads the way on return on investment with maximum efficiency, productivity, and profitability. SLM Solutions believes that additive manufacturing is the future of manufacturing and has the desire and capability to take its customers there – right now.

SLM Solutions is a publicly-traded Company headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States.

Further information is available on http://www.slm-solutions.com

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emitter: SLM Solutions Group AG
address: Estlandring 4, 23560 Lübeck
country: Germany
contact person: Jacob Sreekumaran
phone: +49 451 4060 3122
e-mail: ir@slm-solutions.com
website: www.slm-solutions.com

ISIN(s): DE000A111338 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate

[ source: https://www.pressetext.com/news/20220823028 ]

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