FORMALLOY ADVANCES TO US ARMY XTECHSEARCH 5 SEMIFINALS
FormAlloy has been selected to advance to the next round of the Army’s xTechSearch 5 competition.
xTechSearch is a competition sponsored by the Assistant Secretary of the Army for Acquisition, Logistics and Technology (ASA(ALT)), targeting small businesses to uncover novel dual-use science and technology solutions to tackle the Army's most critical modernization challenges. Each xTechSearch competition is comprised of four phases: 1. Concept White Papers, 2. Technology Pitches, 3. Semifinals, and 4. Finals with each phase providing increasing non-dilutive seed prizes. On July 8th, 2020, FormAlloy delivered a 15-minute virtual pitch on their innovative metal deposition technology to a selected panel of Army subject matter as part of the second phase of the competition. The metal additive manufacturing OEM was informed that they were selected to go to phase 3, the semifinals. The semifinals allow FormAlloy the opportunity to do a live public presentation in the Innovators’ Center during the Association of the United States Army (AUSA) conference for a chance to advance to the Finals. In addition to the funding, the xTechSearch program will provide education, mentorship, and networking opportunities to help integrate small businesses into the Army science and technology ecosystem.