Canvas Category: Machinery : Additive Manufacturing : 3D Printer
[A] Desktop Metal exists to make 3D printing accessible to all Engineers, Designers, and Manufacturers. [B] We are reinventing the way engineering and manufacturing teams produce parts - from prototyping through mass production. [C] We believe 3D printing will change the way parts are designed, manufactured, and sold around the world.
🖨️ Stratasys to Combine with Desktop Metal in Approximately $1.8 Billion All-Stock Transaction
Stratasys Ltd. (Nasdaq SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion. The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing.
Stratasys and Desktop Metal are expected to generate $1.1 billion in 2025 revenue, with significant upside potential in a total addressable market of more than $100 billion by 2032.
This 3-D Printed Icelandic Fish-Gutting Machine Contains the Secret of a Future, Less-Globalized Economy
Tucked away in a nondescript 10,000-square-foot building there is a manufacturing facility that runs 24/7, producing parts for fish-processing machines in a way that was, even a few years ago, impossible. Elliði Hreinsson, the founder of Curio, which owns the building, says the machines he designs and makes would be difficult or in some cases impossible to produce without 3-D printing.
“In Iceland, we are a small stone in the ocean, and we cannot so easily run around to get help,” says Mr. Hreinsson. “You have to be able to do it all in-house.” His machines, which he sells to clients around the world, include more than 100 parts that he prints on seven 3-D printers made by a company called Desktop Metal. Printing the stainless-steel parts this way skips all the steps required for conventional manufacturing, from prototyping to casting or injection molding—the last of which generally happens in Asia, and can add weeks or months to the time between product design and delivery.
Siemens and Desktop Metal begin partnership with aim of accelerating sustainable additive manufacturing at scale
Siemens and Desktop Metal have announced a multi-faceted partnership aimed at accelerating the adoption of additive manufacturing for production applications with a focus on the world’s largest manufacturers.
The collaboration will touch multiple aspects of the Desktop Metal business. This includes increased integration of Siemens technology in Desktop Metal’s AM 2.0 systems, including operational technology, information technology and automation. Desktop Metal says its solutions will be fully integrated into Siemens simulation and planning tools for machine and factory design. Siemens Digital Twin tools will now be used for designing certain machines, and Siemens Advanta can simulate all levels of the binder jetting process and global plant planning, which Siemens says enables fast and reliable decisions for factory planning.
FreeFoam™ | a Revolutionary, Expandable 3D Printable Resin for Volume Production of Foam Parts
The New Space Race: How 3-D Printing Is Driving Current And Future Space Exploration
The ability to print parts is also helping reduce the complexity of rockets. Dubbed by some as “the most complex flying machine ever built,” the Space Shuttle used a staggering 2.5 million parts. Using 3-D printing, manufacturers can consolidate many of the complex components into multifunction assemblies, which can make them easier, faster and less expensive to produce, as well as more reliable to operate.
As the cost and complexity of manufacturing rockets and rocket engines have decreased in recent years, a number of private space exploration companies have emerged. Among the newest players in the field, our customer Privateer Space, co-founded by Steve Wozniak, is using 3-D printing to create small cube satellites that will monitor and remove debris from orbit.
Shapeways is officially a Publicly-Traded, AM Company via Merger with Galileo Acquisition Corp.
Following the business combination and related PIPE investment, Shapeways will receive $103 million of gross proceeds, including a $75 million fully-committed common stock PIPE anchored by top-tier investors including Miller Value, XN, and Desktop Metal. The PIPE also includes investments from existing Shapeways investors Lux Capital, Union Square Ventures, INKEF Capital and Andreessen Horowitz. Proceeds will be used primarily to accelerate the Company’s additive manufacturing capabilities, accelerate the rollout of its SaaS offering, expand its material and technology offerings to extend market reach and grow customer share of wallet, as well as to provide additional working capital.