Arevo Launches Large-Scale Composites-as-a-Service Plant

Arevo, a Silicon Valley company transforming composites production through digitalization and automation, has announced the start of construction on one of the world's largest high-speed continuous carbon fiber reinforced polymer ("CFRP") composite additive manufacturing facilities. The facility will operate on a rapid-turnaround, manufacturing-as-a-service (MaaS) model and will be among the first of its scale, producing custom products on a just-in-time basis. Continuous CFRP composites can achieve a strength-to-weight ratio more than 60 times greater than steel and can be used in products such as elite-level bicycles, Formula 1 racing cars, and next-generation fighter aircraft. With the completion of Arevo's second-generation composite material deposition technology, which is four times faster than the first generation, the company plans to host hundreds of production systems in an as-yet-unannounced Asian city center. This will give the company the capacity to meet growing customer demand for rapid turnaround of large and geometrically complex CFRP products. New Executives Join the Company Sonny Vu has been appointed Chief Executive Officer. Vu is the founder of Misfit, a company previously acquired by Fossil. Tuan TranPham, one of the most experienced figures in 3D printing with 17 years in the industry, has been appointed Chief Revenue Officer. He most recently served as Chief Financial Officer at Desktop Metal. Daisuke Tanaka has been appointed General Manager for Japan, having previously held general management positions at numerous Japanese technology companies. Hemant Bheda, Founder Partner and President of Arevo, stated, "The new team will be key to our success as we enter this new expansion phase. We need people who combine startup experience, the ability to scale technical operations, and deep industry experience in additive manufacturing." Tuan TranPham said, "It is exciting to be part of one of the most ambitious and interesting opportunities I have seen in the 3D printing sector over the last 20 years."