Drill bit innovator joins leading edge industries using 3D manufacturing systems
BlueFire’s development team is exploring the application of 3D methods for producing the company’s drill bits and is currently working with a
Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “We are pleased to join the innovators who have recognized the huge potential of 3D manufacturing.” He added, “3D printing is now coming of age and producing highly complex metal components that equal or surpass the quality of cast parts.”
Much of today’s manufacturing processes are based on “subtractive manufacturing,” which relies on the removal of material to create something. Additive manufacturing, or 3D printing, is a process by which three-dimensional objects in a diversity of shapes are manufactured by adding material using digital models. Metallic, plastic, ceramic or composite materials can be employed using this process, which involves building the required object by adding successive layers of material to achieve the desired shape.
3D printing uses a variety of different types of technologies. Stereolithography (SLA) focuses a beam of ultraviolet light onto a vat of liquid photocurable resin, drawing out the 3D model one layer at a time. Fused Deposition Modeling (FDM) produces an object by extruding a stream of melted material to form stacked layers. Selective Laser Sintering (SLS) uses a laser to fuse powdered materials layer by layer to form the object.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.
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