Category Archives: Business

INTAMSYS enters Japan additive manufacturing market with Canon and Fusion Technology

INTAMSYS, the Shanghai-headquartered manufacturer of FUNMAT 3D printers, has announced its plans to enter the Japanese industrial additive manufacturing market. Fusion Technology, a 3D printing design and services firm, will be INTAMSYS’ partner in the move, along with Canon Marketing Japan Inc. (TYO:8060). As an office supplies subsidiary of multinational computer manufacturing corporation Canon, Canon Marketing Japan Inc. is a […]

AddUp acquires DED metal 3D printing company BeAM

AddUp, the additive manufacturing venture of French industrial engineering group Fives and Michelin, has acquired BeAM, a manufacturer of directed energy deposition (DED) machines. Though full terms and conditions of the transaction have not been disclosed, BeAM has confirmed AddUp will have 100% stake in the company. “Together, BeAM and AddUp will be uniquely positioned […]

INTAMSYS secures series A funding for Industry 4.0 industrial 3D printer development

Industrial 3D printing system and material developer INTAMSYS has successfully secured an undisclosed amount of Series A funding. The round was led by venture capital firm CWB Capital, whose mission it is to create “a sustainable smart manufacturing ecosystem” between China, Hong Kong, and global technology. According to INTAMSYS CEO Charles Han, the money raised will […]

Ilan Levin resigns as Director and CEO of Stratasys

Today, leading 3D printing provider and manufacturer Stratasys (NASDAQ:SSYS) announced that Ilan Levin, the company’s Director and CEO, will be stepping down from his position on 1 June 2018. At the end of his term, Levin will have served as Stratasys CEO for two years, and Director of the company for over five years, when he graduated to […]

AREVO raises $12.5 million in new capital for “true 3D” printing technology

AREVO, a company dedicated to direct digital additive manufacturing of composite materials, has announced a $12.5 million Series B financing round, and the introduction of a new CEO. The funding will contribute to ongoing R&D efforts, the round was led by Japanese global glass manufacturing company Asahi Glass, with Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures. […]

Javelin Technologies and Cimetrix Solutions merge to create industrial 3D printing powerhouse

The 3D printing industry continues to mature with a merger between two of the leading Canadian enterprises serving the additive manufacturing market. Javelin Technologies is the largest Canadian reseller of SolidWorks CAD design software. Specialists in 3D design engineering, product data management, automation, and additive manufacturing, Javelin as a reseller also supplies 3D printers from […]

Coherent observes “tremendous growth” in metal AM, acquires OR Laser

German industrial laser technology company OR Laser, makers of the ORLAS Creator metal 3D printer, has been acquired by photonics manufacturer and developer Coherent (NASDAQ:COHR) headquartered in Santa Clara, CA. In an investor call reporting financial results for Q2 2018, Coherent CEO John Ambroseo noted a “tremendous growth” in the metal additive manufacturing industry, and attributed […]

Prodways on track for Euro 100M annual sales in 2019

Prodways (EPA:PWG – market capitalisation Euro 230M) has reported full 2017 and first quarter 2018 financial results in April 2018. The statements provide a clear and detailed indication of the progress made by the Group since its IPO in May 2017 to become a major player in the 3D printing industry. Prodways: an integrated 3D […]

Stratasys continues downward trend, US aerospace and automotive orders slowing

Headline revenue for Q1 2018 at Stratasys (NASDAQ: SSYS) fell by 6% to $153.8 million versus $163.2 million for the comparative period in 2017. On today’s call with investors and analysts, CEO Ilan Levin faced a series of challenging questions. “We are disappointed with our revenue for the first quarter, which is primarily attributed to […]

Robo3D reports 67% increase in 3D printer sales, optimistic for future

The latest financial returns for Robo3D (ASX: RBO) show double digit growth for the 3D printer developer and manufacturer. Robo3D, makers of the R1+, R2 and C2 3D Printers, has reported a 67% increase in its sales for the first 9 months period ending in March 2018. Total sales amounting to AUD 5.5M (equivalent to […]