Hi Anzu Partners Community,

We recently announced the combination of two pioneers in binder-jet 3D printing—ExOne and voxeljet—into a unified company: ExOne Global Holdings. This strategic move brings together complementary product lines, decades of intellectual property, and a global footprint including operations in Germany, the United States, Japan, China and India, among others.

At Anzu Partners, additive manufacturing sits at the center of many of the industries we are focused on, from aerospace, automotive and energy, which makes this combination compelling. In a recent interview with TCT Magazine to discuss the news, I shared that when you look at the industries served by the combined fleet of over 500 ExOne and voxeljet printers, these machines provide critical services for customers. As ExOne Global Holdings CEO Eric Bader explained, “This is not like in a prototyping workshop where if the machine is down for a week, nobody cares. Our customers become really energized about it if a machine stands still for a couple of hours.”

By bringing ExOne’s established product line together with voxeljet’s high-speed large-format systems and global geographic reach, we believe the combined entity is positioned to bring industrial 3D printing into industrial scale adoption.

Going forward, we see this combination as an opportunity to elevate the value delivery for customers. The combined IP portfolio enables us to work on print speed, product quality and reliability improvements across both platforms.

We are proud to have supported both the ExOne and voxeljet teams through their journeys, and we are energized by what lies ahead for the combined ExOne Global Holdings. We believe the best of what each company brought to the table will now be combined into a stronger, more capable partner for manufacturers worldwide.

Sincerely,

Whitney Haring-Smith, Managing Partner

PORTFOLIO COMPANY UPDATES

Niron Magnetics Continued to Build Momentum: Partnered with Stellantis, Appointed Chief Financial Officer, Appeared on CNBC and more

Niron Magnetics continued its recent momentum with several milestone announcements in October. Most notably, the company announced a project in collaboration with Stellantis to develop a new generation of electric motor designs for automotive use using magnets free of rare-earth elements. This builds on Stellantis Ventures’ strategic investment in Niron Magnetics in 2023. It features additional support from the U.S. Department of Energy’s Advanced Materials and Manufacturing Technologies Office (AMMTO), which contributed $2.7 million to the project.

Niron also appointed Shyamli Mohamed as Chief Financial Officer to lead Niron’s financial strategy, fundraising, and capital planning in support of the company’s rapid growth. Shyamli has held senior leadership roles in energy, technology, telecommunications, and renewables, where she led multiple cross-finance and supply chain functions. Most recently, she served as Chief Financial Officer at Eavor Technologies Inc., a first-of-its-kind geothermal start-up.

Niron’s CEO Jonathan Rowntree appeared on a segment of Fast Money on CNBC to discuss the rare earth crisis in America and how its technology could help solve these issues.

Niron also shared several updates related to the development of its manufacturing facility in Sartell, Minnesota. The company announced a partnership with the Greater St. Cloud Development Corporation (GSDC), to highlight the project’s regional economic impact and the collaborative efforts that made it possible. Niron was also awarded a $10 million grant from the Minnesota Forward Fund to support the construction of this new groundbreaking facility in Sartell.

 AM Batteries Demonstrated Technology to Tier-One OEMs and Cell Manufacturers in Live Production

AM Batteries (AMB) demonstrated commercial-scale dry electrode manufacturing using its proprietary dry deposition method to over 70 industry leaders during a Demo Day, showing the technology delivers the cost savings and performance to accelerate EV adoption and strengthen domestic battery manufacturing.

Major automakers, cell manufacturers and material suppliers from Japan, Korea, China, Europe, and the United States attended, bringing together key decision-makers from across the industry. The event included live production demonstrations of two pilot lines operating at commercial speeds, hands-on testing sessions, and deep dives with AMB leadership.

The news appeared in the AP, AutoTech Insight and other trade publications.

BioSkryb Genomics Launched ResolveSEQ LongRead Early Access Program for Powerful Single-Cell Long-Read Sequencing

BioSkryb Genomics, together with Eremid® Genomic Services, a specialty high-complexity genomics contract research organization and BioSkryb Certified Service Provider (CSP), announced the launch of an Early Access Program for BioSkryb’s new ResolveSEQ LongRead solution.

ResolveSEQ LongRead features a tuned version of BioSkryb’s proprietary Primary Template-directed Amplification (PTA) technology and Eremid’s custom PacBio library preparation, enabling >70% sensitivity to detect single-nucleotide variants (SNVs) and complex regions in the same cell. This performance provides a level of accuracy and completeness not achievable with other single-cell long-read methods on the market.

To apply for the Early Access Program, please email info@bioskryb.com.

South 8 Technologies and CTNS Signed Letter of Intent to Pursue Strategic Collaboration

South 8 Technologies announced it has signed a Letter of Intent (LOI) with CTNS, a pioneering battery solutions provider from South Korea with North American operations in Redmond, Washington. The LOI establishes a framework for strategic collaboration between the companies and identifies initial joint customers.

The agreement signals a shared commitment to explore opportunities for joint development, integration, and commercialization of next-generation safe, reliable, and high-performing lithium-ion battery pack systems that can address critical challenges across applications in demanding environments.

 Azumo Advanced in Amazon Devices Climate Tech Accelerator Program

Azumo announced its selection as one of eight companies chosen to advance in the Amazon Devices Climate Tech Accelerator — a 16-week program designed to accelerate technologies that lower the carbon footprint of millions of Amazon devices worldwide.

Launched by Amazon Devices & Services earlier this year, the Accelerator supports startups developing next-generation solutions in energy efficiency, materials innovation, and device sustainability. Azumo will work directly with Amazon Devices’ engineering and sustainability teams to create impact across a range of device categories.

Voltaiq Partnered with Pure Lithium to Improve Battery Analytics and Quality Control

Voltaiq has partnered with Pure Lithium, a disruptive vertically integrated lithium metal battery technology company. Pure Lithium will utilize Voltaiq’s Enterprise Battery Intelligence platform to provide battery analytics and quality control that are essential to Pure Lithium’s drive to commercialize its next generation lithium metal battery.

“The Voltaiq team is proud to support Emilie and her team at Pure Lithium as they bring this much needed technology to market,” said Tal Sholklapper, Co-Founder and Chief Executive Officer of Voltaiq in the press release. “Lithium metal batteries, made from lithium that can be refined domestically, have transformational potential for the entire battery industry.”

 Medcrypt and Thirdwayv Forged Partnership to Advance Medical Device Cybersecurity and Interoperability

Medcrypt and Thirdwayv, a leader in secure software solutions for connected medical devices, announced the signing of an agreement to jointly advance cybersecurity and interoperability standards and solutions across the connected medical device ecosystem.

The partnership seeks to address the increasing regulatory and operational demands for robust, life-cycle-spanning medical device cybersecurity. Together, Thirdwayv and Medcrypt will deliver integrated solutions that help medical device manufacturers embed security earlier in development, maintain compliance throughout the device lifecycle, appropriately document cybersecurity controls and traceability in regulatory submissions, and confidently deploy secure over-the-air (OTA) software updates for connected devices. 

The news was covered by Medical Device Network and HIT Consultant.

ANZU PARTNERS UPDATES

Upcoming Events

Anzu representatives plan to attend the following events:

• Venture Nordics – November 14-20, 2025 – Helsinki, Finland
• FormNext – November 18-21, 2025 – Frankfurt, Germany
• Slush 2025 – November 19-20, 2025 – Helsinki, Finland

Please reach out to info@anzupartners.com if you’re interested in meeting with us at any of these events.

ADDITIONAL PC MEDIA COVERAGE

• Anzu Partners investment team member Hunter Brown was featured in a National Defense piece on investment flowing to the munitions industry.
• Niron Magnetics CEO Jonathan Rowntree appeared on a local broadcast station, Fox 9, to discuss its rare earth free magnet technology.
• XGS Energy was included in a piece in The Driller on geothermal potential in New Mexico. XGS was also featured in a Canary Media piece on geothermal potential in California.
• South 8 Technologies was featured in a Newsweek article on China’s EV supremacy and national security concerns for the US.
• EnCharge AI was featured in a Princeton University publication article on the annual Celebrate Princeton Innovation event.
• GelSight was selected as a winner in the Robotics category of the BostInno 2025 Fire Awards*.
• Nirrin Technologies contributed an article on its technology to Genetic Engineering & Biotechnology News.
• BioFlyte was featured in a Technical.ly   article about technological upgrades at the Pittsburgh Airport.
• Voltaiq’s CEO Tal Sholklapper appeared on an episode of SAE Automotive’s podcast to discuss EV manufacturing. Voltaiq was also featured in a TechBriefs article about battery competition with China.

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ABOUT ANZU PARTNERS

Anzu Partners is an investment firm that focuses on industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep expertise in business development, market positioning, intellectual property, global connectivity, and operations. For more information, please visit https://anzupartners. com/.