Stratasys

Last updated
Stratasys Ltd.
Company type Public
Industry 3D printing
Founded1989;35 years ago (1989)
Founder S. Scott Crump
Headquarters
Key people
Products
RevenueDecrease2.svg US$628 million (2023)
Decrease2.svgUS$−88 million (2023)
Decrease2.svgUS$−123 million (2023)
Total assets Decrease2.svgUS$1.13 billion (2023)
Total equity Decrease2.svgUS$885 million (2023)
Owner Nano Dimension (14.5%) [2]
Number of employees
1,980 (2023)
Subsidiaries Stratasys Direct
Website stratasys.com
Footnotes /references
[3]

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. [4] [5] The company is incorporated in Israel. [6] Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC) and polyetherimide and Nylon 12.

Contents

Stratasys manufactures in-office prototyping and direct digital manufacturing systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer product OEMs. [7]

History

Stratasys was founded in 1989, by S. Scott Crump and his wife Lisa Crump in Eden Prairie, Minnesota. The idea for the technology came to Crump in 1988 when he decided to make a toy frog for his young daughter using a glue gun loaded with a mixture of polyethylene and candle wax. He thought of creating the shape layer by layer and of a way to automate the process. In April 1992, Stratasys sold its first product, the 3D Modeler. [8]

In October 1994, Stratasys had an initial public offering on Nasdaq; the company sold 1.38 million shares of common stock at $5 per share, netting approximately $5.7 million. [9]

In January 1995, Stratasys purchased IBM's rapid prototyping intellectual property and other assets and employed 16 former IBM engineers, who had been developing a small 3-D printer that relied on an extrusion system very similar to Crump's patented fused deposition modeling (FDM) technology. [10]

In 2003, Stratasys fused deposition modeling (FDM) [11] was the best-selling rapid prototyping technology. [12] FDM is a process that the company patented, which is used to produce three-dimensional parts directly from 3D CAD files layer-by-layer for use in design verification, prototyping, development and manufacturing.

In 2007, Stratasys supplied 44% of all additive fabrication systems installed worldwide, making it the unit market leader for the sixth consecutive year. [13]

In January 2010, Stratasys signed an agreement with HP to manufacture HP-branded 3D printers. [14] In August 2012, the HP manufacturing and distribution agreement was discontinued.

In May 2011, Stratasys announced that they had acquired Solidscape, a leader in high-precision 3D printers for lost wax casting applications. [15]

In 2012, Defense Distributed, an unrelated project to produce a working firearm by 3D printing, was intended to use a Stratasys printer. Stratasys refused to permit this and withdrew its license for use of the printer, citing that it did not allow its printers "to be used for illegal purposes". [16] [17]

In 2014 the Israeli fashion designer Noa Raviv featured grid pattern centered couture garments which were created employing Stratasys' 3D printing technology. Some selections from the aforementioned collection were exhibited in 2016 at the exhibition "Manus X Machina" at the Anna Wintour Costume Center at New York City's Metropolitan Museum of Art. [18] [19]

In 2019, the J750 model was recognized as the Enterprise 3D Printer of the Year in the polymer printer category at the 2019 3D Printing Industry Awards in London, England. [20]

In May 2023, Stratasys agreed to combine with Desktop Metal in an all-stock transaction worth at $1.8 billion, in which existing Stratasys shareholders will own around 59 percent of the combined company. [21] Prior to, and following the acquisition announcement, Stratasys received multiple unsolicited bids to be acquired by part-owner Nano Dimensions, and in June, received another offer for $1.2 billion from its competitor 3D Systems. [22] [23] Stratasys terminated the acquisition in September after its shareholders voted against the Desktop Metal acquisition as both major proxy advisory firms Glass Lewis and Institutional Shareholder Services recommended against the deal. [24]

In August 2024, Stratasys filed a suit against Chinese 3D printing company Bambu Lab, alleging patent infringement. [25]

Mergers and acquisitions

On April 16, 2012, Stratasys announced that it agreed to merge with privately held Objet Ltd., a leading manufacturer of 3D printers based in Rehovot, Israel, in an all-stock transaction. Stratasys shareholders were expected to own 55 percent of the combined company, and Objet shareholders would own 45 percent. The merger was completed on December 3, 2012; the market capitalization of the new company was approximately $3.0 billion. [26]

On June 19, 2013, MakerBot Industries announced that it was purchased by Stratasys for $403 million. [27]

On April 2, 2014, Stratasys announced that they had entered into definitive agreements to acquire Solid Concepts and Harvest Technologies, which will be combined with RedEye, its existing digital manufacturing service business, to establish a single additive manufacturing services business unit. [28] The acquisition was finalized on July 15, 2014. [29]

In February 2016, Stratasys announced an investment in Israeli company Massivit to promote and deploy Massivit 3D's proprietary super-sized 3D printing solutions.

On November 4, 2016, Inkbit announced that Stratasys led an equity funding round with DSM Venturing to propel production of its Vision-based, artificial intelligence additive manufacturing platform. [30]

On December 9, 2020, Stratasys announced a deal to acquire San Francisco-based Origin for $100 million. [31] The acquisition was finalized on December 31, 2020. [32]

On April 27, 2021, Stratasys announced the Stratasys Origin One, an updated version of the Origin One 3D Printer targeted towards production applications. [33]

In 2021, Stratasys acquired the outstanding shares of Xaar 3D, which Stratasys purchased from Xaar. Xaar 3D provides 3D printers using SAF Selective Absorption Fusion technology, a type of powder bed fusion. This technology is designed to 3D print polymer production parts at volume. The first printer used the technology is called the H350. [34]

In 2021, Stratasys announced the acquisition of RP Support Ltd. (RPS), which makes large stereolithography 3D printers. [35]

On May 12, 2022, MakerBot and Ultimaker announced plans to merge. The new single company is to be backed by NPM Capital and MakerBot-owner Stratasys and co-led by existing CEOs Nadav Goshen and Jürgen von Hollen. [36]

In October 2022, Stratasys acquired the Berkeley-headquartered quality assurance software company Riven. [37]

3D car production systems

In 2014, Stratasys prototyped an electric car with fully 3D-printed exterior panels, and a few printed interior parts. Development took one year, and parts were constructed using a Stratasys Objet1000. [38]

Urbee

Urbee [39] is the first car in the world manufactured using additive manufacturing technology (its bodywork and car windows were "printed"). Created in 2010, through a partnership with the Canadian engineering group KOR Ecologic, [40] it is a hybrid vehicle with a futuristic look. [41] [42] [43]

See also

Related Research Articles

<span class="mw-page-title-main">Selective laser sintering</span> 3D printing technique

Selective laser sintering (SLS) is an additive manufacturing (AM) technique that uses a laser as the power and heat source to sinter powdered material, aiming the laser automatically at points in space defined by a 3D model, binding the material together to create a solid structure. It is similar to selective laser melting; the two are instantiations of the same concept but differ in technical details. SLS is a relatively new technology that so far has mainly been used for rapid prototyping and for low-volume production of component parts. Production roles are expanding as the commercialization of AM technology improves.

<span class="mw-page-title-main">Stereolithography</span> 3D printing technique

Stereolithography is a form of 3D printing technology used for creating models, prototypes, patterns, and production parts in a layer by layer fashion using photochemical processes by which light causes chemical monomers and oligomers to cross-link together to form polymers. Those polymers then make up the body of a three-dimensional solid. Research in the area had been conducted during the 1970s, but the term was coined by Chuck Hull in 1984 when he applied for a patent on the process, which was granted in 1986. Stereolithography can be used to create prototypes for products in development, medical models, and computer hardware, as well as in many other applications. While stereolithography is fast and can produce almost any design, it can be expensive.

<span class="mw-page-title-main">3D printing</span> Additive process used to make a three-dimensional object

3D printing, or additive manufacturing, is the construction of a three-dimensional object from a CAD model or a digital 3D model. It can be done in a variety of processes in which material is deposited, joined or solidified under computer control, with the material being added together, typically layer by layer.

S. Scott Crump is the inventor of fused deposition modeling (FDM) and co-founder of Stratasys, Ltd. Crump invented and patented FDM technology in 1989 with his wife and Stratasys co-founder Lisa Crump. He is currently the chairman of the board of directors of Stratasys, which produces additive manufacturing machines for direct digital manufacturing ; these machines are popularly called “3D printers.” He took the manufacturing company public in 1994 (Nasdaq:SSYS). He also runs Fortus, RedEye on Demand, and Dimension Printing – business units of Stratasys.

<span class="mw-page-title-main">3D Systems</span> American 3D printing company

3D Systems Corporation is an American company based in Rock Hill, South Carolina, that engineers, manufactures, and sells 3D printers, 3D printing materials, 3D printed parts, and application engineering services. The company creates product concept models, precision and functional prototypes, master patterns for tooling, as well as production parts for direct digital manufacturing. It uses proprietary processes to fabricate physical objects using input from computer-aided design and manufacturing software, or 3D scanning and 3D sculpting devices.

<span class="mw-page-title-main">Rapid prototyping</span> Group of techniques to quickly construct physical objects

Rapid prototyping is a group of techniques used to quickly fabricate a scale model of a physical part or assembly using three-dimensional computer aided design (CAD) data. Construction of the part or assembly is usually done using 3D printing or "additive layer manufacturing" technology.

<span class="mw-page-title-main">Objet Geometries</span> 3D printer company acquired by Stratasys

Objet Geometries is one of the brands of Stratasys, a 3D printer developing company. The brand began with Objet Geometries Ltd, a corporation engaged in the design, development, and manufacture of photopolymer 3D printing systems. The company, incorporated in 1998, was based in Rehovot, Israel. In 2011 the company merged with Stratasys. It held patents on a number of associated printing materials that are used in PolyJet and PolyJet Matrix polymer jetting technologies. It distributed 3D printers worldwide through wholly owned subsidiaries in the United States, Europe, and Hong Kong. Objet Geometries owned more than 50 patents and patent-pending inventions.

<span class="mw-page-title-main">MakerBot</span> American desktop 3D printer manufacturer company

MakerBot Industries, LLC was an American desktop 3D printer manufacturer company headquartered in New York City. It was founded in January 2009 by Bre Pettis, Adam Mayer, and Zach "Hoeken" Smith to build on the early progress of the RepRap Project. It was acquired by Stratasys in June 2013. As of April 2016, MakerBot had sold over 100,000 desktop 3D printers worldwide. Between 2009 and 2019, the company released 7 generations of 3D printers, ending with the METHOD and METHOD X. It was at one point the leader of the desktop market with an important presence in the media, but its market share declined over the late 2010s. MakerBot also founded and operated Thingiverse, the largest online 3D printing community and file repository. In August 2022, the company completed a merger with its long-time competitor Ultimaker. The combined company is known as UltiMaker, but retains the MakerBot name for its Sketch line of education-focused 3D printers.

Solidscape, Inc. is a company that designs, develops and manufactures 3D printers for rapid prototyping and rapid manufacturing, able to print solid models created in CAD.

<span class="mw-page-title-main">Powder bed and inkjet head 3D printing</span> 3D printing technique

Binder jet 3D printing, known variously as "Powder bed and inkjet" and "drop-on-powder" printing, is a rapid prototyping and additive manufacturing technology for making objects described by digital data such as a CAD file. Binder jetting is one of the seven categories of additive manufacturing processes according to ASTM and ISO.

<span class="mw-page-title-main">Shapeways</span> New York-based 3D printing marketplace and service

Shapeways, Inc. is a global, 3D printing marketplace and service, publicly traded company. Users design and upload 3D printable files, and Shapeways prints the objects for them or others. 3D printing resources are available for university students, faculty, and educators with an .EDU email

Solid Concepts, Inc. is a custom manufacturing company engaged in engineering, manufacturing, production, and prototyping. The company is headquartered in Valencia, California, in the Los Angeles County area, with six other facilities located around the United States. Solid Concepts is an additive manufacturing service provider as well as a major manufacturer of business products, aerospace, unmanned systems, medical equipment and devices, foundry cast patterns, industrial equipment and design, and transportation parts.

<span class="mw-page-title-main">Ultimaker</span> Dutch 3D printer manufacturer

Ultimaker is a 3D printer-manufacturing company based in the Netherlands, with offices and assembly lines in the US. They make fused filament fabrication 3D printers, develop 3D printing software, and sell branded 3D printing materials. Their product line includes the Ultimaker S5 and S3, Ultimaker 3 series, Ultimaker 2+ series and Ultimaker Original+. These products are used by industries such as automotive, architecture, healthcare, education, and small scale manufacturing.

<span class="mw-page-title-main">Fused filament fabrication</span> 3D printing process

Fused filament fabrication (FFF), also known as fused deposition modeling, or filament freeform fabrication, is a 3D printing process that uses a continuous filament of a thermoplastic material. Filament is fed from a large spool through a moving, heated printer extruder head, and is deposited on the growing work. The print head is moved under computer control to define the printed shape. Usually the head moves in two dimensions to deposit one horizontal plane, or layer, at a time; the work or the print head is then moved vertically by a small amount to begin a new layer. The speed of the extruder head may also be controlled to stop and start deposition and form an interrupted plane without stringing or dribbling between sections. "Fused filament fabrication" was coined by the members of the RepRap project to give an acronym (FFF) that would be legally unconstrained in its use.

<span class="mw-page-title-main">EnvisionTEC</span>

EnvisionTEC is a privately held global company that develops, manufactures and sells more than 40 configurations of desktop and production 3D printers based on seven several distinct process technologies that build objects from digital design files. Founded in 2002, the company now has a corporate headquarters for North America, located in Dearborn, Mich., and International headquarters in Gladbeck, Germany. It also has a production facility in the Greater Los Angeles area, as well as additional facilities in Montreal, for materials research, in Kyiv, Ukraine, for software development, and in Woburn, Mass, for robotic 3D printing research and development. Today, the company's 3D Printers are used for mass customized production and to manufacture finished goods, investment casting patterns, tooling, prototypes and more. EnvisionTEC serves a variety of medical, professional and industrial customers. EnvisionTEC has developed large customer niches in the jewelry, dental, hearing aid, medical device, biofabrication and animation industries. EnvisionTEC is one of the few 3D printer companies globally whose products are being used for real production of final end-use parts.

<span class="mw-page-title-main">Applications of 3D printing</span>

In recent years, 3D printing has developed significantly and can now perform crucial roles in many applications, with the most common applications being manufacturing, medicine, architecture, custom art and design, and can vary from fully functional to purely aesthetic applications.

<span class="mw-page-title-main">3D printing processes</span> List of 3D printing processes

A variety of processes, equipment, and materials are used in the production of a three-dimensional object via additive manufacturing. 3D printing is also known as additive manufacturing, because the numerous available 3D printing process tend to be additive in nature, with a few key differences in the technologies and the materials used in this process.

Desktop Metal, Inc. is a public American technology company that designs and markets 3D printing systems. Headquartered in Burlington, Massachusetts, the company has raised $438 million in venture funding since its founding from investors such as Google Ventures, BMW, and Ford Motor Company. Desktop Metal launched its first two products in April 2017: the Studio System, a metal 3D printing system catered to engineers and small production runs, and the Production System, intended for manufacturers and large-scale printing. In November 2019, the company launched two new printer systems: the Shop System for machine shops, and the Fiber industrial-grade composites printer for automated fiber placement. The World Economic Forum named Desktop Metal a Technology Pioneer in 2017.

Markforged Holding Corporation is an American public additive manufacturing company that designs, develops, and manufactures The Digital Forge — an industrial platform of 3D printers, software and materials that enables manufacturers to print parts at the point-of-need. The company is headquartered in Waltham, Massachusetts, in the Greater Boston Area. Markforged was founded by Gregory Mark and the chief technology officer (CTO) David Benhaim in 2013. It produced the first 3D printers capable of printing continuous carbon fiber reinforcement and utilizes a cloud architecture.

<span class="mw-page-title-main">Massivit</span>

Massivit 3D Printing Technologies Ltd. (Massivit3D) is an Israeli public company traded on the Tel Aviv Stock Exchange (TASE:MSVT) Its headquarters are in Lod. The company develops, constructs and sells Additive Manufacturing printers for production of large parts and develops printing materials for use in their printers.

References

  1. ↑ "Stratasys locations" . Retrieved 7 June 2020.
  2. ↑ Nair, Aishwarya (April 13, 2023). "Stratasys rejects Nano Dimension's takeover offer, sets up hostile fight". Reuters.
  3. ↑ "Stratasys Ltd. 2023 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 11 March 2024.
  4. ↑ Engle, Greg (June 1, 2022). "Hot Off The Press: Nascar Teams With Stratasys For 3D-Printed Parts". Forbes .
  5. ↑ Boik, John (2004). Lessons from the Greatest Stock Traders of All Time. McGraw-Hill Professional. p. 24. ISBN   978-0-07-143788-2 . Retrieved 2008-10-31.
  6. ↑ "SEC filing with information about country of incorporation" (PDF). Retrieved 7 June 2020.
  7. ↑ "Hot Growth Companies: Stratasys Profile". BusinessWeek . Archived from the original on June 15, 2006. Retrieved 2008-10-31.
  8. ↑ Stratasy company history, Funding Universe
  9. ↑ Stratasys, Inc. (Nasdaq: SSYS) announce an initial public offering of 1,200,000 shares of its Common Stock Archived 2016-03-16 at the Wayback Machine ; PRNewswire, 20 Oct 1994
  10. ↑ Stratasys purchases IBM's rapid prototyping technology Archived 2016-03-05 at the Wayback Machine ; PRNewswire, 3 Jan 1995
  11. ↑ Chee Kai Chua; Kah Fai Leong; Chu Sing Lim (2003). Rapid Prototyping. World Scientific. p. 124. ISBN   978-981-238-117-0 . Retrieved 2008-10-31.
  12. ↑ "Almost Out of the Woods". Forbes.com. Retrieved 2007-02-17.
  13. ↑ Wohlers, Terry (2008). "Wohlers Report 2008". Wohlers Associates.
  14. ↑ Stratasys and HP join forces to make 3D printers; Shapeways, January 19. 2010
  15. ↑ "Stratasys Acquires 3D Printer Maker, Solidscape". May 3, 2011. Archived from the original on 2011-10-29.
  16. ↑ "Plans to print a gun halted as 3D printer is seized". BBC News Online. 3 October 2012.
  17. ↑ Beckhusen, Robert (2012-10-01). "3-D Printer Company Seizes Machine From Desktop Gunsmith". Wired. Wired News . Retrieved 2013-06-12.
  18. ↑ "2D Fashion Meets 3D Printing in Noa Raviv's New Award-Winning Collection". Archived from the original on 2018-08-03. Retrieved 2016-08-24.
  19. ↑ Dan Howarth (August 21, 2014). "Noa Raviv combines grid patterns and 3D printing for Hard Copy fashion collection". Dezeen . Retrieved December 26, 2019.
  20. ↑ "2019 3D Printing Industry Awards winners announced". 3D Printing Industry. 2019-06-11. Retrieved 2019-07-08.
  21. ↑ Roof, Katie; Baker, Liana (May 25, 2023). "Stratasys to Combine With Desktop Metal in $1.8 Billion Deal". Bloomberg News.
  22. ↑ Kennedy, Patrick (June 2, 2023). "Stratasys receives another $1B takeover bid as 3-D printer market consolidate". Star Tribune.
  23. ↑ Heater, Brian (June 2, 2023). "After Stratasys and Desktop Metal announce merger plans, 3D Systems proposes acquisition". TechCrunch.
  24. ↑ Habib-Valdhorn, Shiri (September 28, 2023). "Stratasys shareholders nix merger with Desktop Metal". Globes.
  25. ↑ Sher, Davide (2024-08-10). "Stratasys files patent infringement lawsuit against Bambu Lab". VoxelMatters - The heart of additive manufacturing. Retrieved 2024-08-11.
  26. ↑ Dror Raich, Inbal Orpaz (December 5, 2012). "3D Printer Maker Objet Merges With Its U.S. Rival". Haaretz . Retrieved December 26, 2019.
  27. ↑ Neil Parmar (August 6, 2013). "3D printing is the new dimension for aerospace industry". The National (Abu Dhabi) . Retrieved December 26, 2019.
  28. ↑ ;MarketWatch, April 2, 2014
  29. ↑ Archived 2014-08-14 at the Wayback Machine ; CNBC.com, July 15, 2014
  30. ↑ "Inkbit | Inkbit Raises $12 Million in Equity Round Led by Stratasys and DSM Venturing". inkbit3d.com. Retrieved 2019-11-04.
  31. ↑ "Stratasys to Acquire Origin, Bringing New Additive Manufacturing Platform to Polymer Production". Stratasys Ltd. 9 December 2020. Retrieved 2021-06-08.
  32. ↑ "Stratasys Completes Acquisition of Origin, Accelerating Expansion Into Mass Production Additive Manufacturing". Stratasys Ltd. 5 January 2021. Retrieved 2021-06-08.
  33. ↑ "Stratasys Aggressively Advances Additive Manufacturing Strategy With 3D Printing Triple Play". Stratasys Ltd. 27 April 2021. Retrieved 2021-06-08.
  34. ↑ Hanaphy, Paul (October 6, 2021). "Stratasys takes full control of Xaar 3D to boost high-throughput H Series 3D printing". 3D Printing Industry.
  35. ↑ "Stratasys acquires UK 3D printing co RP Support". Globes . February 18, 2021.
  36. ↑ Heater, Brian (May 12, 2022). "MakerBot and Ultimaker announce plans to merge". TechCrunch .
  37. ↑ Network, 3D Printing Media (2022-10-26). "Stratasys acquires software company Riven". 3D Printing Media Network - The Pulse of the AM Industry. Retrieved 2022-10-26.{{cite web}}: CS1 maint: numeric names: authors list (link)
  38. ↑ "Revolutionary New Electric Car Built and Tested in One Year with Objet1000 Multi-material 3D Production System". Archived from the original on 2014-11-29. Retrieved 2014-11-24.
  39. ↑ Stratasys 3D Printers Build Urbee, First Prototype Car to Have Entire Body Created with an Additive Process [ permanent dead link ]
  40. ↑ KOR Ecologic
  41. ↑ tecmundo.com.br/ Conheça o Urbee, primeiro carro a ser fabricado com uma impressora 3D]
  42. ↑ The "Urbee" 3D-Printed Car: Coast to Coast on 10 Gallons November 23, 2014. Truthout
  43. ↑ 3D Printed Car Creator Discusses Future of the Urbee YouTube
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