TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX:MRE) a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, announces that in March, 2024, the Company was the lead investor in a financing round for Equispheres Inc., acquiring convertible preferred shares in the amount of US$6.0 million. This is the second investment the Company has made in Equispheres, following a C$1.0 million investment in April 2023. Equispheres is a private company developing innovative technologies for the production and use of advanced materials, for instance, high-performance aluminum powder for additive manufacturing (3D printing) applications. The proven technology of Equispheres enables printing speeds that are up to nine times faster than industry standards, thereby lowering production costs by as much as 80%. This investment is part of a broader strategic relationship where Martinrea will provide Equispheres with advice on issues related to manufacturing, operations, and corporate strategy. "Equispheres ...