A start-up company located within Deakin’s Geelong Innovation Precinct has received significant investment from a world leader in additive manufacturing.
Conflux Technology, an advanced manufacturing company specialising in the design and development of direct metal additive manufacturing technology, will move to its next phase of growth with investment from German-based AM Ventures Holding GmbH (AMV).
One of a number of advanced manufacturing companies co-located within Deakin University’s Geelong Innovation Precinct at its Waurn Ponds campus, Conflux was founded by CEO Michael Fuller in 2014.
Specialising in high efficiency thermal management technologies and additive manufacturing consulting, the company has since developed the patent pending Conflux Core heat exchanger which has numerous industry applications.
AMV is an independent, strategic investor which funds and develops innovative start-ups focusing on industrial 3D printing-related hardware, software, materials or applications.
Mr Fuller said AMV’s investment meant Conflux now had the backing of the world’s leading metal additive manufacturing technology group and marked a “step change” in Australia’s, and Geelong’s, advanced manufacturing capabilities.
Additive manufacturing, also referred to as 3D printing, offers new opportunities for creating products at lower cost than traditional manufacturing in industries as diverse as healthcare and aerospace.
“Platform technologies like additive manufacturing are at the heart of the fourth industrial revolution, or Industry 4.0. The advent of metal additive manufacturing is a global phenomenon and Conflux Technology can assist businesses across multiple industry sectors realise its potential. Our heat exchanger is an example of the advantages of additive manufacturing product development, like dramatically improved design freedom, iteration speed and efficiency.”
Mr Fuller said being part of Deakin’s Geelong Innovation Precinct had assisted Conflux Technology’s development so far and the company would continue to work with the University in developing the local additive manufacturing industry.
“Deakin has supported us through the ‘valley of death’ start-up phase, providing access to offices and workshop facilities,” he said.
“In the future, we plan to work closely on joint additive materials research and development and developing the next generation of additive manufacturing engineers.”
Published by Deakin Research 19 July 2017