(Yicai Global) Sept. 12 -- Hifuture Information Technology's share price rose 10 percent today after the Chinese electric equipment manufacturer unveiled plans to invest USD25 million in three-dimensional printing company Israel Xjet and co-found a global research hub with help from a Nobel laureate.

The investors' stock [SHE:002168] reached CNY9.2 (USD1.29) shortly after this morning's open and has remained unmoved since.

Hifuture will partake in Xjet's D-round funding and help industrialize the target's main business in China, the Shenzhen-based firm said in a statement yesterday.

Xjet will consider setting up a global research lab with Nobel Prize winner Dan Shechtman at Hifuture's factory in Pingshan, Shenzhen, according to an agreement between the pair. Hifuture will be responsible for helping Shechtman get up to CNY100 million (USD14 million) in district government support over the course of five years.

Founded in 2013, Xjet develops ceramic technology and makes metal additive manufacturing equipment under the watch of Shechtman, who is its chief scientific advisor, the statement said. The firm uses NanoPartical Jetting technology to print metal and ceramic parts safely, quickly and to high levels of precision. It has sold 13 printing units worldwide so far.

Editor: James Boynton