Oxford Performance Materials, Inc. (OPM), an advanced materials and additive manufacturing (3D printing) company, has recently closed a strategic investment from Hexcel Corporation (NYSE:HXL). Hexcel, a fellow Connecticut-based company, a supplier of advanced composites for commercial aerospace, space and defense and industrial applications, and OPM utilizes Hexcel carbon fiber in the production of its 3D printed OXFAB® ESD structural parts for a range of satellite and aerospace programs.
OPM and Hexcel are both innovators in materials science and recognized for developing and producing enabling technologies that combine structural strength and enhanced performance at reduced weight. “Hexcel represents the gold standard in carbon fiber and composite material technologies, and our core target markets are extremely complementary,” stated Scott DeFelice, OPM’s Chairman and CEO. “Hexcel’s investment in OPM will help enable us to further expand production capacity to meet rapidly growing market demand for our OXFAB® technology. In addition, this investment sets the stage for joint technology collaboration and business development efforts with Hexcel.”