“It’s fantastic to be recognised by the industry and our peers,” said company CEO, Martin Oughton. “Two years ago, we had no idea where this journey would take us. There’s a building momentum behind industry 4.0 and it’s great to be catalysing that digital revolution in manufacturing. This award is a testament to the hard work put in by the team, but it’s only the beginning of what we are building at Plyable.”
Plyable gained venture capital investment this year and has more than doubled in size over the same period. It now has customers across four continents and a distributed manufacturing network of more than 150 5-axis CNC machines producing solutions up to 45m in length.
“Currently, tooling accounts for between 40-60% of the total cost for new products,” stated Sue Halliwell, operations manager of Composites UK. “The Plyable platform removes up to 20% of upfront-costs while at the same time significantly increasing speed to market.”
Plyable says it has harnessed the latest AI and machine learning technology to automate the design and manufacture of composite tooling. By uploading component CAD data into the Plyable app, businesses can take advantage of a pre-qualified, distributed manufacturing network and enjoy superior results as well as significant time- and cost-savings.
