Press Release for Investment in Research & Development

Third Wave Systems (TWS) announces technology investment of over $1 million USD in its Research and Development efforts

Investments in advanced metrology, next generation computing hardware and strengthening the R&D team

MINNEAPOLIS, USA, (December 3, 2019) – Third Wave Systems, a premier Finite Element Analysis (FEA) based, machining modeling provider is pleased to announce a significant investment in measurement and computing hardware, as well as in their growing team of qualified and driven people. The total investment will be in excess of $1 million. The announcement was made today at DMC 2019, in Phoenix, AZ.

In order to further validate tool wear, surface finish, and chip breakage modeling for the company’s AdvantEdge™ and Production Module™ machining modeling and optimization products, Third Wave Systems has acquired the Alicona InfinteFocus G5 variable focus measurement system for its Testing and Validation Center (TVC). With its full 5-axis scanningcapability, the measurement system will help bolster TWS R&D efforts by providing high fidelity surface data (see figure) for tools and workpieces. In addition, the company will be dramatically upgrading and expanding its High-Performance Computing (HPC) center to deliver faster analysis to its customers.

Finally, the company has strengthened its R&D management with the addition of Dr. Jarred Heigel. Previously, Dr. Jarred Heigel spent 10 years working at the National Institute of Standards and Technology (NIST), with focus on metrology of advanced manufacturing processes for the development of accurate process models. These research activities included thermography of the machining of advanced alloys and of laser-based additive manufacturing. Jarred obtained his Ph.D. in Mechanical Engineering from Penn State University.

“These investments will further advance our position in the marketplace, by helping us continue to innovate, and help customers solve their complex machining problems.” said Kerry Marusich, the Company’s CEO. “We’re excited to implement these investments for both our commercial and Government R&D programs, and for Dr. Heigel to be joining our team.”

ABOUT THIRD WAVE SYSTEMS, INC. > Third Wave Systems (www.thirdwavesys.com) develops and sells premier materials based modeling software and services for machining solutions. Innovative manufacturing companies implement these solutions to dramatically reduce costs of machined components, accelerate design cycles, improve part quality and get to market faster.