AREVO Announces Strategic Investment and Technology Development Agreement with In-Q-Tel

Partnership will drive development of AREVO’s Composite Additive
Manufacturing Technology for the U.S. Intelligence Community

SANTA CLARA, Calif.–(BUSINESS WIRE)–#3Dprinting–AREVO Inc., a leader in composite additive manufacturing technology,
today announced that it has closed a strategic investment and technology
development agreement with In-Q-Tel (IQT), the non-profit strategic
investor that identifies innovative technology solutions to support the
mission of the U.S. Intelligence Community.

AREVO has developed a new Additive Manufacturing (AM) solution for
making ultra strong and lightweight composite parts to replace metal
parts for production applications. AREVO’s core technology relies on the
unprecedented synergy between software, materials, composite additive
process and robotics. Through breakthrough innovations in these
technologies, AREVO is enabling on-demand manufacturing of
mass-customized, lightweight 3D printed composite parts in high volume.

“AREVO’s additive manufacturing technology delivers complex parts with a
unique value proposition which cannot be made with any conventional or
other additive manufacturing techniques,” said Katie Gray, Investments
Partner at IQT.” “Our partnership with Arevo will enable IQT’s customers
to stay ahead of the curve in developing new devices critical to our
nation’s security.”

“Partnering with IQT in this manner is a great vote of confidence in our
design and composite manufacturing process methods,” said Hemant Bheda,
Chief Executive Officer and co-founder of AREVO. “We have made steady
progress over the past year in defense applications and we believe our
work with IQT will open more doors for us.”

About AREVO

AREVO www.arevolabs.com based
in Silicon Valley, California, develops technology to enable direct
digital additive manufacturing of ultra-strong composite parts for end
use applications in high volume. Arevo’s technology consists of advanced
composite materials, deposition technology, and software to optimize
mechanical properties of printed parts. Arevo offers additive
manufacturing services to OEMs worldwide.

About IQT

IQT is the non-profit strategic investor that accelerates the
development and delivery of cutting-edge technologies to U.S. government
agencies that keep our nation safe. IQT was established in 1999 with a
distinct mission: to identify and partner with startup companies
developing innovative technologies that protect and preserve our
nation’s security. Visit www.iqt.org
for more information.

Contacts

LouVan Communications, Inc.
Mike Newsom, +1 617-803-5385
[email protected]