3D printing specialist ADDiTEC appoints new CFO for further development

ADDiTEC, a company specialising in additive manufacturing technologies, has appointed Bernard Chung as its new Chief Financial Officer (CFO). This decision is in line with the company’s expansion efforts in the field of 3D metal printing.

ADDiTEC utilises Laser Wire Directed Energy Deposition (LW-DED) technology. In this process, metal wire is deposited by means of laser melting. The method is suitable for the production of large-format components and for repair applications. LW-DED offers several differences compared to powder-based processes. It enables the production of larger components, uses wire instead of powder and can process different metals in one component.

Bernard Chung brings 20 years of experience in the financial industry, including positions at Velo3D, another metal 3D printing company. His role will be to lead ADDiTEC’s financial strategy and support the company in its market positioning.

Brian Matthews, CEO of ADDiTEC, commented on the appointment: ‘Bernard’s experience will help us to further develop our technologies and customer relationships.’ This statement is indicative of ADDiTEC’s goals to advance both technologically and commercially.

ADDiTEC’s LW-DED technology is used in industries such as aerospace and energy, where large metal components are required. The possibility of multi-material printing opens up additional fields of application.

The market for additive metal manufacturing is growing. Analysts predict annual growth of over 20% over the next five years. ADDiTEC is positioning itself in this market segment with its LW-DED technology. The appointment of an experienced CFO indicates plans for market expansion, possibly into new application areas or geographical markets.