Sandvik Coromant, a global supplier of tools for the metalworking industry (stainless steel, steel and aluminium), which has numerous locations throughout the Americas, is strengthening its capabilities in digital manufacturing by signing a strategic research agreement with PARC. PARC will provide Sandvik Coromant with a footprint in Silicon Valley and resources for research & development in the field of digital manufacturing.
PARC will allocate resources to conduct research & develop technologies within digital manufacturing for Sandvik Coromant under the terms of the agreement. Sandvik Coromant will also acquire all Intellectual Property (IP) and technology related to PARCs software for high-level process planning and automated manufacturing cost estimation for subtractive manufacturing.