AEIP, The Technology Bank™, is in final stages of negotiation to grant unlimited licenses to UAE company United Industrial Technologies®, UIT® to distribute the Gigaprinter™ additive manufacturing system and Versatile Thermoplastics Particle Manufacturing™ , the proprietary technology platform which powers the Gigaprinter), throughout Europe, the Middle East and Africa (EMEA countries). The licenses will include the rights to establish a distribution network with local centers in EMEA and to sublicense the technologies. Local partners will make the Gigaprinter and VTPM technology available through distributorships and service centers in their local area. UIT will be responsible for bringing this revolutionary additive manufacturing technology to EMEA so that manufacturers, research centers and other end users will be able to benefit from it.
The plan is to eventually have separate Regional Companies for Europe, the Middle East and Africa, but while these are being chosen and established, UIT will be responsible for the entire EMEA area.
This is another important step in AEIP’s strategy of establishing a Regional Company in each major region of the world including North America, Europe, the Middle East, Southeast Asia, Africa, Latin America, so that this valuable technology can be made available around the world. The Regional Company will establish a network of local distribution centers and sublicense the technology and exclusive rights to assemble, distribute and service the VTPM technology and AM systems to them for a designated area.
