Currently available abrasive waterjet cutting technology cuts any material (plastic, metal, ceramic, composites, etc.) using a high-velocity jet of small abrasive particles. This technology is widely used by job shops, machine shops and in manufacturing due to its material versatility, excellent cut quality and lack of thermal damage caused to the material being cut, unlike its laser, plasma, and oxyfuel cutting competitors. However, there are two major drawbacks to the technology 1) slow cutting speed and 2) high operational costs. The result of these drawbacks is that the machines have limited profitability for the user and require high utilization rates, which ultimately limits new machine purchases.
Synticos LLC has developed SlurryJet; a faster cutting increased profitability abrasive jet cutting machine. SlurryJet leverages a highly efficient abrasive jet generation method to provide increased cutting speed, and the re-use of the most costly consumable, the abrasive media, to provide the user with a lower cost per part and increased profit. The Synticos “magic” and primary intellectual property is its long-life nozzle, which solves the primary limitation of existing systems that experience rapid nozzle wear and loss of performance. The Synticos nozzle uses precision fluid dynamics to bias the high-speed abrasive particles passing through its tiny orifice, and which will immediately erode any material, away from the nozzle surface to eliminate erosion. No contact = no wear.
SlurryJet will be sold into the current abrasive waterjet market which is approximately $800 M globally and breaks down to 70% machine sales and 30% recurring consumable parts revenue. This market is dominated by 2 large OEM’s (50% market) and several small OEM’s (30% market). Customers include job shops, dedicated waterjet cutting shops, and machine shops and fabrication/manufacturing outfits of all sizes. Key customer desires are performance, low operating cost, ease-of-use and manufacturer field support. The current product offerings range from multi-million dollar custom machines to standard $150 K machines, which make up the majority of machine sales, and an emerging market segment of small affordable machines down to the “desktop” level.
For two years Synticos will work to complete a fully functional production intent system for in-house testing. The remaining development work includes completion of the cutting fluid re-use apparatus and abrasive cutting fluid pump. After system performance and reliability testing is complete Synticos will build 2 additional systems for 6 months of in-field user testing. Total expenses will be $2 M, with 50% being payroll and consulting fees, 25% being machine hardware costs, 8% legal costs (for patent filing), and the remainder overhead.