Meet The French Start-Up Helping Big Tech Manufacturers To Cut Waste [Forbes]
KBC GROUP SA UNSP/ADR (KBCSY)
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Source: Forbes
However, some technologies are now so complex and technical that even highly-skilled manufacturers are struggling with high defect rates that slow production and cost them big money. That's where Hummink sees its opportunity. The French start-up, which is today announcing a $17.4 million (€15 million) funding round, has developed a new approach to printing that promises to significantly reduce wastage rates. “We've created the smallest fountain pen in the world,” explains CEO Amin M'Barki, who co-founded the company with Pascal Boncenne, the COO. Hummink's initial target market is manufacturers of the latest organic light-emitting diode (OLED) displays for smartphones and laptops; these screens rely on such intricate and microscopic electronics that up to 30% of production has to be thrown away each year because of tiny defects. Using Hummink's printer, however, manufacturers can correct many of these defects so that the displays don't have to be thrown on the scrap heap. “It's
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