GE Affiliate, FirstBuild, Will Use Crowdsourcing and Stratasys 3D Printing to Invent Next Generation of Home Appliances

Posted by on Sep 17, 2014 in Uncategorized

GE Affiliate, FirstBuild, Will Use Crowdsourcing and Stratasys 3D Printing to Invent Next Generation of Home Appliances

MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)– Stratasys Ltd. (Nasdaq:SSYS), a global leader of 3D printing and additive manufacturing solutions, announced today its partnership with FirstBuild, a GE affiliate. The partnership combines co-creation and micro-manufacturing to build and commercialize the next evolution of various GE appliances and accessories by leveraging 3D printing, and other advanced manufacturing processes in an open innovation approach to engineering. FirstBuild is using the latest 3D printing technology from Stratasys, allowing concepts to reach the … FirstBuild is using the latest 3D printing technology from Stratasys, allowing concepts to reach the appliance industry marketplace at a rapid rate. Photo courtesy of FirstBuild GE Appliances, a subsidiary of General Electric Company (NYSE:GE) in collaboration with Local Motors, established FirstBuild, a new model for the appliance industry aimed to allow concepts to rapidly reach the marketplace. Individuals design and submit ideas, and a community of home enthusiasts, designers, engineers, and makers tests out the ideas and creates the products with the help of Stratasys 3D printing technology. FirstBuild will then manufacture and deliver the next generation of major home appliances to customers. “We believe that the prospects of tapping into the hardware innovation scene are very promising,” says Gilad Gans, President of Stratasys North America. “This is an outstanding opportunity to help revolutionize the way things are made. This is an open-innovation environment where FirstBuild users will be able to use our cutting-edge technology to accelerate product development phases and create real products.” Stratasys 3D Printers will go to work in the FirstBuild micro-factory located in Louisville, Kentucky, which is where ideas may come to grow into real products. 3D printing along with woodworking, welding, and other tools will be used to test and build the initial products. The micro-factory will produce products and sell them through FirstBuild’s website and retail store located at the micro-factory, and through traditional retail channels. “Incorporating Stratasys’ leading additive manufacturing technology into our micro-factory capabilities provides an enormous benefit in both product development and production by saving us time, money and resources,” said Natarajan “Venkat” Venkatakrishnan, Director of FirstBuild and Director of Advanced Technologies for GE Appliances. “It will also give the University of Louisville engineering students and others who work on this equipment at FirstBuild a significant advantage as they pursue jobs in technical fields.” Watch Venkat discuss the 3D printing systems that FirstBuild uses in its goal to rapidly produce a new generation of home appliances. William Dante, of the Association of 3D Printing mentions: “This is a great wake up call for all the naysayers who felt 3D Printing was only for scientists. Soon we may have kitchen appliances 3D Printed to suit our...

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3D Printing Investments – 3D Hubs Raises $4.5 Million

Posted by on Sep 3, 2014 in Uncategorized

3D Printing Investments – 3D Hubs Raises $4.5 Million

With so many incredible applications for 3D printing available, and the overwhelming amount of idle time the printers which are sitting in people’s offices, living rooms and garages see, one company called 3D Hubs has been on a mission to find a solution to this disconnect. 3D Hubs, utilizes the vast amount of idle time attributed to most 3D printers, to make them available to individuals who wish to have access to such a device, without the need of spending the big bucks in acquiring one. The 3D Hubs social platform allows those with 3D printers to earn a little cash, while providing a needed service to a global audience. Founded by two former 3D System’s employees, Bram de Zwart and Brian Garret, 3D Hubs was only launched last April. Despite their relatively short existence, the company has grown tremendously, faster than even the founders could have ever imagined. In order to sustain their amazing growth, today the company announced a major capital injection via a Series-A financing round of $4.5 million. “Just one year after launching 3D Hubs, we are excited to announce our $4.5M Series-A financing round, led by Balderton Capital,” stated the company. “We are proud to have top venture capital partners backing our mission to bring 3D printing to the masses. Mark Evans, General Partner at Balderton Capital, will join our two founders on the company board.” Just how fast has 3D Hubs been growing? In under a year there have been over 30,000 completed prints via their network of worldwide 3D printers, now consisting of over 7,000 different machines, spanning 140 countries. Instead of 3D printing being accessible to the 200,000-300,000 people who are lucky enough to own a printer, the ability to fabricate custom objects is now within a 10 mile distance of over 1 billion people around the globe. When you think about it that way, the possible impact that 3D Hubs could have in a variety of industries is simply staggering. As the technology behind 3D printers improve, and the number of applications that a 3D printer can be used for expands, the need for such services will continue to grow in an exponential fashion. “We are developing new features that will make the experience of ordering a personalized 3D print similar to traditional e-commerce platforms,” said Brian Garret, Co-founder of 3D Hubs. It will certainly be interesting to see how far 3D Hubs will take this concept, and if the growth trajectory will continue like it has. Clearly Balderton Capital and the other investors who got in on this round of financing believe it will. What will the 3D printing legal ramifications...

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3D Printing Aquisitions – Will Stratasys Get Bought?

Posted by on Jun 9, 2014 in Business, Financing, Uncategorized

3D Printing Aquisitions – Will Stratasys Get Bought?

Well, and rumors have once again begun to pick back up. This morning several websites reported that there were takeover rumors spreading through the market. Also, RanSquwk sources noted unconfirmed takeover interest in Stratasys today. Active call volume on the stock also suggests that traders are taking positions for a large price movement in the future. Shares of Stratasys (NASDAQ:SSYS) hit a low for the day, at $90.41 per share at around 10:50 AM EST. Within a 30 minute period, shares spiked 3.4% to $93.49, as rumors began making their way to those trading the stock. This isn’t the first time these takeover rumors have happened. Walmart has been a company whose name has been thrown around in regard to these latest rumors. Last week at the Code Conference their CEO, Doug McMillon was quoted as saying the following, regarding possible acquisitions. (Note that these comments were made within minutes of McMillon stating that he was very interested in 3D printing.) “It’s clear we need to change, and we need to change fast,” said Mr. McMillon.“We’ve been more acquisitive lately, especially for talent. Our pace of acquisitions, I think, is going to accelerate.” William Dante, at the Association of 3D Printing feels that there are “many takeover opportunities right now because the large players are coming in and being financed by the capital markets.” When asked specifically if any of these acquisitions would be related to 3D printing, McMillon’s reply was, “it might make...

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3D Printing Company Sets IPO for $91 Million

Posted by on Oct 14, 2013 in IPO, Uncategorized

3D printer company voxeljet sets terms for $91 million IPO Germany-based voxeljet is a leading provider of 3D printers and on-demand parts services. Earlier this week, the company announced terms for its planned IPO, where it plans to list under the symbol VJET on the NYSE. voxeljet is raising $91 million through an offering of 6.5 million shares priced at $13 to $15 per share. This would give voxeljet a market cap of over $300...

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