YBI ACQUIRES REVOLUTIONARY TECHNOLOGY FOR ADDITIVE MANUFACTURING CLUSTER IN OHIO

Myra Benedikt, Youngstown Area Jewish Foundation past board president; Lisa Long, financial resource development director with the Youngtown Area Jewish Foundation; Dror Danai, Xjet CBO; Barb Ewing, CEO of the Youngstown Business Incubator; James Dascenzo, YBI executive committee chairperson; Yair Alcobi, Xjet CEO; YSU President Jim Tressel; John Wilczynski, executive director of America Makes; and Bonnie Burdman, executive director of community relations/government affairs at the Youngstown Area Jewish Foundation.
Myra Benedikt, Youngstown Area Jewish Foundation past board president; Lisa Long, financial resource development director with the Youngtown Area Jewish Foundation; Dror Danai, Xjet CBO; Barb Ewing, CEO of the Youngstown Business Incubator; James Dascenzo, YBI executive committee chairperson; Yair Alcobi, Xjet CEO; YSU President Jim Tressel; John Wilczynski, executive director of America Makes; and Bonnie Burdman, executive director of community relations/government affairs at the Youngstown Area Jewish Foundation.

YBI Executes Purchase Agreement on XJet Carmel 1400 Printer

YOUNGSTOWN, OH- The purchase agreement for the XJet Carmel 1400C, leveraging revolutionary NanoParticle JettingTM (NPJ) technology, has recently been executed. YBI was the first beta site for the technology in the U.S.

In 2017, YBI undertook an initiative through the International YBI (I-YBI) program to leverage its expertise in digital and advanced manufacturing (AM) technologies, as well as their close community contacts with the technology and investment community in Israel to attract Israeli businesses and their employees to the Mahoning Valley.

The initiative had two separate, but related focuses: startup attraction and development of a market for an Isreali ceramic 3D Printer, the XJet Carmel 1400.

The purchase agreement is between YBI and XJet, an Israeli additive manufacturing firm with unique ceramic 3D printing capabilities. The machine that was delivered to YBI in 2018 was the first to be located outside of Israel.

“The acquisition of XJet is a major step forward for Youngstown’s AM space and the industry as a whole,” says John Wilczynski, Executive Director of America Makes. “We are looking forward to working with YBI to build capacity in this space.”

The XJet Carmel 1400C is the industry’s ultimate ceramic AM system for applications requiring high productivity, superior quality and geometric complexity. The Carmel 1400C is empowering manufacturers to produce parts of geometric design never before possible.

“With northeast Ohio's strong support for entrepreneurship, commercialization, and access to major markets, YBI was a natural fit to serve as the first site for the XJet.” said Yair Alcobi, XJet CEO, “and we enjoy ongoing partnership and innovation spirit from the YBI team throughout the tight cooperation.”

Since its inception, I-YBI has focused on developing relationships with Israeli start-ups, technology companies, universities and investors, allowing YBI to build a diverse base of companies, attract foreign direct investment, create jobs and support growth of the Mahoning Valley.

“This project will continue to promote economic growth and diversity, attract cultural assets, and to foster closer ties between the Mahoning Valley and Israel,” said YSU President Jim Tressel, who was present on the initial trip to Israel where the relationship between YBI and XJet began. “It’s exciting to see the fruit of the trip is still bearing long after our return.”

“The opportunity to attract AM companies from Israel to the Mahoning Valley represents a chance for the YBI and the Thomases Family Endowment of the Youngstown Area Jewish Federation (YAJF) to create a sustainable partnership to further the goals of both organizations,” said Lisa Long, YAJF. “We are proud to support an initiative that strengthens local ties with a nation like Israel, which has such a long history of innovation and entrepreneurship.”

The ceramic 3D printing market is expected to grow seven fold by 2032, reaching $400 million and indicating a positive future for the industry. Ceramic 3D printing has been used primarily for prototyping and research & development, but it is seeing increasing interest in ceramic tooling and small-batch parts from high-value sectors.

“We have a unique asset here in the Mahoning Valley. It’s not just another 3D printer, it gives NEO a true advantage in a new space,” said Barb Ewing, CEO, YBI. “The additive manufacturing cluster in Ohio is an important part of the state’s economy, with the Mahoning Valley rapidly becoming known as the epicenter.”