FOR IMMEDIATE RELEASE:
Uformia Receives Private Investment
Tromso, Norway - 31 May, 2010 - Uformia AS today announced they have added Norinnova AS and Hålogaland Kapital AS as shareholders in exchange for private investment. This strategic alliance will support the continued development of their initial product. Uformia is at the modeling forefront, creating revolutionary 3D software that will solve many of the problems of today's software, especially in the field of digital fabrication or 3D printing. Using bio-polymers, human cells and 3D printers, it is already possible today to fabricate human body parts such as bones. Every day objects can also be printed in 3D, such as jewelry, dishes and toys. The science fiction of 20 years ago is now fact, however what is missing in this 3D printing revolution is the right software. Uformia has developed a new technology, Digital Materialization, that is sophisticated enough to use for designing and fabricating things such as micro-structures and body parts while being easy enough for a hobbyist to use. Uformia is creating a new generation of design tools that will open new markets and undeveloped users communities.
The research behind Uformia's software started over 25 years ago, and thanks to advances in computer technology, it is now possible to take this technology out of academia and into the commercial sector. Uformia is comprised of a unique group of global entrepreneurs from Norway, UK, USA, Russia and Italy with a wide range of skills from product designers, programmers, computer science, 3D modeling and corporate leadership. After finding support from both a local business incubator, Intek Lyngen, and Innovation Norway, Uformia began the search to finding just the right investment group to fit their current development. Uformia found Norinnova and Hålogaland Kapital to be the right choice. Together these investment groups offer unique flexibility, an active support network and a proven track record. The investment teams are excited by possibilities with Uformia's groundbreaking technology and look forward to assisting in the success of the company.
Uformia expects their first product to be released by the fall and looks forward to bringing the 3D design and fabrication revolution to the world - while being situated above the Arctic Circle, in one of the most beautiful places of the world.
From left: Hilde Svenning (Hålogaland Kapital AS), Cherie Stamm (Uformia AS) and Bard Hall (Norinnova AS)
About Uformia AS
Uformia is an international north Norwegian company who aims to develop a new kind of 3D software that will solve many of the problems of today's software, especially in the field of digital fabrication.
About Norinnova AS
Norinnova, short for Northern Innovation, is an innovation company with the main objective to commercialize new business ideas based on research activities and new technologies.
About Hålogaland Kapital AS
Hålogaland Kapital is a regional investment company with a mission to create profitable new businesses in the region through new innovation, knowledge-based enterprises and innovation in existing businesses.
Contacts:
Uformia AS
Cherie Stamm, CEO cherie@uformiaworld.com
468 36 475
Norinnova AS Bård Hall, CEO
baard@norinnova.no
905 15 342
Hålogaland Kapital AS
Hilde Svenning, CEO
hilde@kupa.no
770 415 10
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