The project is part of a three-year, $7.04 million U.S. Department of Energy grant to advance next-generation, energy-efficient manufacturing processes. Led by Ford, other collaborators include Northwestern University, The Boeing Company, Massachusetts Institute of Technology and Penn State Erie. Five innovative manufacturing projects were awarded a total of $23.5 million by the Department of Energy in March to advance clean manufacturing and help U.S. companies increase their competitiveness."The F3T sheet metal forming process is one of many advanced manufacturing technologies under development at Ford," said Randy Visintainer, director of Ford Research and Innovation. "We developed this process during the past four years for small-scale applications in a laboratory setting, and the DOE award enables us to scale the process for larger applications and a full prove-out for manufacturing feasibility."
Ford Develops Advanced Technology To Revolutionize Prototyping, Personalization, Low-Volume Production
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts