(hereinafter referred to as "SANDI") announced that it had completed the merger and acquisition of Henan Zhonghongtong Nonferrous Metal Casting Company Limited (hereinafter referred to as "Zhonghongtong"). The merger not only marks the completion of SANDI's business in3D CastingempowerHigh voltage electrical fieldIt is an important layout of the company's commitment to 3D digital technology to help upgrade the manufacturing industry.

SANDI is a leading provider of 3D printing equipment and rapid manufacturing services in China, a national "Specialized, Specialized, Specialized and New" small giant enterprise, and a typical application scenario supplier of additive manufacturing of the Ministry of Industry and Information Technology (MIIT). The company has laser and binder jet 3D printing equipment and materials technology and application process, business covers 3D printing equipment, raw materials research and development and production, rapid manufacturing services for finished metal parts, 3D printing process technology support services, etc., and has established a complete 3D printing rapid manufacturing industry chain. Our products and services are widely used in aerospace, automotive, energy and power, industrial machinery, ship pumps and valves, rail transportation, 3C electronics, education and research, sculpture and cultural creation, rehabilitation and medical industries.

Zhonghongtong is one of the leading enterprises in the high-voltage power transmission cast aluminum shell industry, national high-tech enterprise, provincial speciality enterprise, specializing in the research and development of large aluminum alloy castings and manufacturing, is an excellent supplier and long-term strategic partner of Pinggao Group, and is also the only supplier of GIS shells in China for South Korea LS, South Korea Nissin and so on. The company has strong independent research and development capabilities, with product design, mold design, casting process parameter design, core making, melting, casting, heat treatment, finishing, testing and product form test and other integrated production and processing capabilities, as well as the R & D and manufacturing capabilities of ultra-large shaped aluminum alloy castings, which can achieve an annual production capacity of 5,000 tons of high-end aluminum alloy parts for intelligent manufacturing. The core products are widely used in ultra-large voltage power transmission, rail transportation, aerospace, new energy and other fields. Among them, high-voltage power transmission cast aluminum products play an important role in famous power transmission projects at home and abroad, such as Baihetan Hydropower Station and ultra-high voltage power transmission network.

The strong combination of SANDI and Zhonghongtong not only combines SANDI's 3D digital technology advantages with Zhonghongtong's professional manufacturing capabilities in the field of high-voltage electrics, but also is a deep integration of the two sides in technological innovation and market expansion. Through this merger and acquisition, SANDI will be able to further expand its application in the field of high-voltage electrics, enhance the production and service capacity of large-size casting products, and at the same time will bring more powerful technical support and broader market prospects for Zhonghongtong.

Dr. Zong Guisheng, Chairman of SANDI Technology, said, "This acquisition is an important step in the strategic development of SANDI Technology, which not only provides a new growth point for our development in the field of high voltage electrics, but is also an important addition to SANDI Technology's 3D casting capability. Through the 3D casting centers in Pingdingshan, Henan, Xianyang, Shaanxi, Daming, Hebei, Rizhao, Shandong, Tongling, Anhui, and Yulin, Guangxi, we are able to better create value for our customers. We also look forward to the cooperation with Zhonghongtong to bring more innovations to both parties and jointly promote the industrialized application of 3D printing technology."

Qi Hongzhao, general manager of Zhonghongtong, also expressed positive confidence in the cooperation: "Through the cooperation with SANDI Technology, it enables us to take advantage of SANDI Technology's advanced technology and resources to further improve production efficiency, reduce production costs, improve product quality and yield, establish green, intelligent, high-end production and service capabilities, and expand Zhonghongtong's design and manufacturing capacity in high-end complex aluminum castings design and manufacturing capabilities in terms of aluminum castings, bringing more development opportunities for the company."

Nowadays, 3D casting solutions of SANDI Technology are continuing to empower various fields. In the aerospace field, 3D casting technology is used to manufacture engine parts, spacecraft structural parts, power units and other important parts, can effectively solve the oversized, multi-dimensional surfaces, complex structure of the workpiece molding problems in small quantities of large-size mold manufacturing as well as special industry mold iterative upgrading of research and development on the advantages of the traditional manufacturing process can not be compared. In the field of energy and power, 3D casting technology is used in the manufacture of large-size pressure-resistant complex cavity structure, large-size thin-walled lightweight parts. In the automotive field, 3D casting technology can be realized with a complex spiral cooling waterway large size thin-walled motor shell, lightweight frame, complex cavity structure shell cylinder/cylinder head and other products manufacturing.