Stratasys

Stratasys Ltd.
Public
Traded as NASDAQ: SSYS
Industry Digital printing
Founded 1989 (1989)
Founder S. Scott Crump
Headquarters Eden Prairie, Minnesota, United States
Key people
 S. Scott Crump (Chairman)
Illan Levin (CEO)
Products 3D printers
Rapid prototyping solutions
Direct digital manufacturing solutions
Revenue Increase US$ 696.0 Million (2015)
Increase US$ 29.01 million (2011)
Increase US$ 20.63 million (2011)
Number of employees
 2800 (2015)
Subsidiaries Objet Geometries
FORTUS
RedEye On Demand
Dimension Printing
Solidscape
MakerBot
GrabCAD
Website www.stratasys.com
picture of corporate headquarters

Stratasys, Ltd. is a manufacturer of 3D printers and 3D production systems for office-based rapid prototyping and direct digital manufacturing solutions.[1] Engineers use Stratasys systems to model complex geometries in a wide range of thermoplastic materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC) and ULTEM 9085.

Stratasys manufactures in-office prototyping and direct digital manufacturing systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer product OEMs.[2]

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.[3]

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.[4]

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.[5]

In 2003, Stratasys fused deposition modeling (FDM)[6] was the best-selling rapid prototyping technology.[7] 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.[8]

In January 2010, Stratasys signed an agreement with HP to manufacture HP-branded 3D printers.[9] 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.[10]

In 2012, 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".[11][12]

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.[13][14]

Merger with Objet

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.[15]

Acquisition of MakerBot, Solid Concepts and Harvest Technologies

On June 19, 2013, MakerBot Industries announced that it was purchased by Stratasys for $403 million.[16]

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.[17] The acquisition was finalized on July 15, 2014.[18]

3D Car Production Systems

In 2014, Stratasys prototyped an electric car with fully 3D printed exterior panels, and a few printed exterior panels. Development took one year and parts were constructed using a Stratasys Objet1000. [19]

Urbee

Urbee[20] is the name of the first car in the world car mounted using the technology 3D printing (his bodywork and his car windows were "printed"). Created in 2010 through the partnership with the Canadian engineering group KOR Ecologic[21] it is a hybrid vehicle with futuristic look.[22][23][24]

See also

References

  1. ↑ 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.
  2. ↑ "Hot Growth Companies: Stratasys Profile". BusinessWeek. Retrieved 2008-10-31.
  3. ↑ Stratasy company history, Funding Universe
  4. ↑ Stratasys, Inc. (Nasdaq: SSYS) announce an initial public offering of 1,200,000 shares of its Common Stock; PRNewswire, 20 Oct 1994
  5. ↑ Stratasys purchases IBM's rapid prototyping technology; PRNewswire, 3 Jan 1995
  6. ↑ 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.
  7. ↑ "Almost Out of the Woods". Forbes.com. Retrieved 2007-02-17.
  8. ↑ Wohlers, Terry (2008). "Wohlers Report 2008". Wohlers Associates.
  9. ↑ Stratasys and HP join forces to make 3D printers; Shapeways, January 19. 2010
  10. ↑ "Stratasys Acquires 3D Printer Maker, Solidscape". May 3, 2011.
  11. ↑ "Plans to print a gun halted as 3D printer is seized". BBC News Online. 3 October 2012.
  12. ↑ Beckhusen, Robert (2012-10-01). "3-D Printer Company Seizes Machine From Desktop Gunsmith". Wired News. Retrieved 2013-06-12.
  13. ↑ http://blog.stratasys.com/2014/08/28/noa-raviv-3d-printing-fashion/
  14. ↑ http://www.dezeen.com/2014/08/21/noa-raviv-hard-copy-fashion-collection-grid-patterns-3d-printing/
  15. ↑ http://www.businesswire.com/news/home/20121203005480/en/Stratasys-Objet-Complete-Merger Stratasys and Objet Complete Merger]; BusinessWire, December 3, 2012
  16. ↑ ;BusinessWire, June 19, 2013
  17. ↑ ;MarketWatch, April 2, 2014
  18. ↑ ; CNBC.com, July 15, 2014
  19. ↑ Revolutionary New Electric Car Built and Tested in One Year with Objet1000 Multi-material 3D Production System
  20. ↑ Stratasys 3D Printers Build Urbee, First Prototype Car to Have Entire Body Created with an Additive Process
  21. ↑ KOR Ecologic
  22. ↑ tecmundo.com.br/ Conheça o Urbee, primeiro carro a ser fabricado com uma impressora 3D]
  23. ↑ The "Urbee" 3D-Printed Car: Coast to Coast on 10 Gallons Truthout
  24. ↑ 3D Printed Car Creator Discusses Future of the Urbee
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