Dawn of a new print dimension


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It has been hailed as one of the most exciting and seminal innovations in technology.

The impact 3D printing will have on our future has yet to be seen or fully appreciated but its application extends from art and education to biology and aerospace.

Over the past year, manufacturers have focused on making 3D printers cheaper and more accessible to consumers. As the cost of 3D scanners is also falling (and increasingly becoming embedded into smartphone cameras) the implications on manufacturing are huge, and issues of patent and copyright infringement have come to the fore.

According to the research firm Gartner, 3D printing will result in US$100bn worth of intellectual property (IP) losses every year. “Effectively, the technology will enable anyone to manufacture almost anything, from toys to shoes,” says Harriet Balloch, a senior associate at the law firm Clyde and Co.

“This has the potential to lead to widespread infringement of IP rights, including copyright, design rights and patents.”

Many analysts have likened 3D printing to the music business going through the digital transition. Recording companies were vehemently against the digitisation of music and streaming services before being forced to accept it. The same reaction is likely from manufacturers where 3D printing is concerned.

Copyright and patent laws will need to be reformed and some analysts in the United States are arguing for an entire overhaul of the patent legal system, saying it is outdated in light of today’s technological requirements and advancements.

However, the 3D printing industry is still nascent. By the end of this year, the Consumer Electronics Association expects 100,000 3D printers to have been sold globally.

According to the market research company IDC, the 3D printer market in the Middle East will grow at a compound annual growth rate of 59 per cent from 2012 to 2017 in terms of units shipped and 29 per cent in terms of revenue.

There are a handful of 3D printer suppliers in the Middle East including Jumbo and Jacky’s Electronics and the region’s first 3D printing shop was opened in Beirut last year.

“3D printing as an industry has the potential to revolutionise everything from medicine, health care, fashion, art, architecture and technology beyond what seemed possible even 20 years ago,” says Daniel Cowen, the co-founder of 3Doodler, a US-based 3D printing equipment manufacturer.

“3D printers are getting more and more affordable and software more accessible, so 3D printing is finally becoming financially accessible to smaller businesses and home users, without the constraints of very complex and expensive software and equipment.”

Perhaps one of the most exciting uses is in biology and health care. Printing animal and human tissues will help advance research and development and will also cut the need for animal testing. There may come a day when organ donorship will no longer be needed as doctors will be able to print replacement organs.

“One of our most successful uses has been in the 3D printing [models] of babies’ hearts, particularly those of newborns who need to undergo complex heart surgery,”says Kevin Cleary, who leads the interdisciplinary bioengineering team at the Sheikh Zayed Institute for Pediatric Surgical Innovation at the Children’s National medical centre in Washington.

“Surgeons find it very useful to have a detailed physical model of the heart they’re about to conduct surgery on, it allows them to better analyse the issue and practice key elements of the procedure before ever operating on the infant.”

This has raised surgeons’ confidence and can shorten operating time.

“Down the road, we may even be able to use 3D printing to create organs that would actually be functional inside a body,” says Mr Cleary.

“We can 3D print organ scaffolds that can then be seeded with various biological cells to ultimately grow a complex organism. This process is still very much in the research phase and, if it proves to be possible, will not be seen for at least 10 years,”he adds.

Bio-printing will, however, raise questions centred around morality and ethics, but it demonstrates the technology’s almost endless potential.

Already experts are working on 4D printing. The US architect and computer scientist Skylar Tibbits, from the Massachusetts Institute of Technology’s self-assembly lab, recently told the BBC what the extra dimension involves.

“We’re proposing that the fourth dimension is time and that over time static objects will transform and adapt,” he says.

The process uses a specialised 3D printer that can create multi-layered materials. It combines a strand of standard plastic with a layer made from a “smart” material that can absorb water, which in turn acts as an energy source for the material to expand once it is printed.

“The rigid material becomes a structure and the other layer is the force that can start bending and twisting it,” in a pre-determined manner, says Mr Tibbits.

“Essentially the printing is nothing new, it is about what happens after.”

Such a process could in future be used to build furniture, bikes, cars and even buildings, he thinks.

Others are experimenting with different materials to enable greater creative flexibility.

“It is going to open up more avenues for human expression, giving people full control of the physical models that they are trying to create,” says James Clar, a 3D printing artist.

“We are just starting to really explore with 3D printing and the possibilities are pretty much limitless, it is just a matter of trying to understand the technology to control it.”

thamid@thenational.ae

Follow us on Twitter @Ind_Insights

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Company%20Profile
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COMPANY PROFILE

Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar

Based: Dubai, UAE

Founded: 2014

Number of employees: 36

Sector: Logistics

Raised: $2.5 million

Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5