Given enough time, virtually all companies experience ups and downs, highs and lows, and peaks and valleys. It goes without saying that these cycles are inevitable in the course of any business, and an industry that seems to have more than its share of major swings is additive manufacturing/3D printing, and a company that has had its share of these cycles of late is Stratasys.
As an example, this week, Stratasys Ltd. announced that Ilan Levin decided to resign from his positions as CEO and Director, effective June 1, 2018.
Elchanan (Elan) Jaglom, the Company’s current Chairman of the Board, will serve as CEO until a successor is appointed. Mr. Jaglom’s service in the position of Chairman and CEO simultaneously requires shareholder approval in accordance with Israeli law. Stratasys plans to call a shareholder meeting to seek that approval. Mr. Levin will provide ongoing consultancy services to the Company following his resignation, as needed.
The Company’s Board of Directors has appointed an Oversight Committee to help support the management of the Company during the interim period, until a successor is appointed. The committee is comprised of the Company’s Vice Chairman of the Board, Executive Director and former CEO, David Reis, along with additional Directors Scott Crump, previous Chairman and Founder, and Dov Ofer.
Interview With Eldad Itzhak, Director of Product Management, Stratasys At RAPID + TCT 2018
This week, Stratasys officially unveiled the spin-off of its Selective Thermoplastic Electrophotographic Process (STEP) technology and forming of a new company, Evolve Additive Solutions.
After nearly 10 years as an incubation project, the new organization will be led by a dedicated management team, exclusively focused on bringing the proprietary STEP technology to market – aimed at delivering high-volume production additive manufacturing at breakthrough speeds compared to other commercially available additive processes.
Traditional manufacturers have long sought to combine the benefits of additive manufacturing with the material, quality and economics of traditional production processes. Built on Stratasys’ pioneering development and 3D printing and additive manufacturing expertise, Evolve’s STEP technology is aimed at producing parts at a cost, quality and throughput comparable to traditional manufacturing processes. The solution is intended for high-volume production runs into the hundreds of thousands per year. As such, it is expected to compete with traditional processes, such as injection molding.
For an overview of the STEP technology, click here.
“As an independent company, Evolve will best be able to focus on the advancement of the technology, provide the entrepreneurial environment and management equity incentives suitable for early stage efforts and drive the customer relationships and partnerships to foster further development and initial market adoption,” said Stratasys CEO, Ilan Levin. “As an equity stakeholder, we look forward to collaborating with Evolve and supporting this initiative to help make it a success.”
The Society of Manufacturing Engineers (SME), a nonprofit organization that supports the manufacturing industry, and Stratasys Ltd. announced the winners of a student additive manufacturing competition held during the 53rd annual SkillsUSA National Leadership and Skills Conference.
The SkillsUSA Additive Manufacturing Competition is a student contest co-sponsored by the organizations to attract the future workforce to this growing field and allow contestants to get hands-on experience using the latest 3D printing software and technology, such as the new Stratasys F123 Series. The competition was held at the 53rd annual SkillsUSA National Leadership and Skills Conference, and six teams took home gold, silver and bronze medals for fulfilling all of the contest requirements.
Now in its third year, the 2017 Additive Manufacturing Competition consisted of 34 high school and post-secondary student teams competing for a chance to take home gold, silver, or bronze medals – as well as scholarships from the SME Education Foundation, and a MakerBot Mini printer. The Additive Manufacturing Competition was created to stimulate student learning of additive manufacturing and 3D printing techniques.
“Each year, we attract more students to participate in the SkillsUSA Additive Manufacturing Competition and we couldn’t be more thrilled with the growth,” said Jeff Krause, executive director and CEO of SME. “This is an exciting time for additive manufacturing and 3D printing and we are proud to be at the forefront of its evolution and making sure our future manufacturing leaders will be prepared for what lies ahead as the industry progresses.”
The 2017 Additive Manufacturing Competition involved designing and printing a track piece (fixture) capable of moving a marble to a designated location after the ball rolls down a ramp. The fixture was required to connect with the ramp at specific points and remain stable for the test’s duration. Each team was provided time to design the fixture, build the 3D printed prototype on a Stratasys 3D printer, and make any necessary design modifications the next day. (more…)
Last month at IMTS 2016 we checked out a lot of new and improved manufacturing technologies, including several innovative developments in 3D printing/additive manufacturing. A couple of the most unique technology introductions were from Stratasys.
The company demonstrated its next-generation manufacturing technologies as part of its Shaping What’s Next vision for manufacturing that builds on its industrial FDM 3D printing expertise in response to the needs of customers’ most challenging applications, addressing manufacturers’ needs to rapidly produce strong parts ranging in size from an automobile armrest to an entire aircraft interior panel.
Stratasys developed two new prototype machines that they called demonstrators to prove their practicality – the Infinite Build 3D Demonstrator and the Robotic Composite 3D Demonstrator.
Stratasys CMO, Tim Bohling, Leads Tour of Company’s 3D Printing at IMTS 2016
The Infinite-Build 3D Demonstrator
The Stratasys Infinite-Build 3D Demonstrator was designed to address the requirements of aerospace, automotive and other industries for large, lightweight, thermoplastic parts with predictable mechanical properties. The 3D Demonstrator featured a new approach to FDM extrusion that increases throughput and repeatability. The system also employed a unique “infinite-build” approach, that prints on a vertical plane for parts that are virtually unlimited size in the build direction, such as entire airplane panels.
The Infinite-Build demonstrator is called that because, by flipping the vertical FDM process on its side, “We’re able to print parts in that vertical plane direction essentially as large as we want,” said Rich Garrity, president of Stratasys Americas.
Like virtually all of our readers, I have purchased and used a lot of proprietary software for a long time. I am also a fan and proponent of the open software and hardware movement. Here, I’ll touch on open source hardware and focus on open source software.
One of the things I really like about source software and hardware is that it is about working not with just technology, but people. Also, the open source software and hardware sectors are growing. Open source software is not driven by corporate budgets, but by people fulfilling a need and software development and use freedom. My open source experience has also taught me that the currency of open source is not necessarily money, but more likely, beer and T-shirts. (more…)
This week MakerBot announced that it had sold more than 100,000 3D printers worldwide. The company said it was able to reach this milestone (as the first 3D printer company to do it) by providing an accessible, affordable, and easy-to-use 3D printing experience.
“Being the first company to have sold 100,000 3D printers is a major milestone for MakerBot and the entire industry,” said Jonathan Jaglom, CEO at MakerBot. “MakerBot has made 3D printing more accessible and today is empowering businesses and educators to redefine what’s possible. What was once a product used only by makers and hobbyists has matured significantly and become an indispensible tool that is changing the way students learn and businesses innovate.”
MakerBot was one of the first companies to make 3D printing accessible and affordable. Since its founding in 2009, MakerBot has pushed 3D printing and has introduced many industry firsts. Thingiverse was the first platform where anyone could share 3D designs and launched even before MakerBot was founded. In 2009, MakerBot introduced its first 3D printer, the Cupcake CNC, at SXSW. In 2010, MakerBot became the first company to present a 3D printer at the Consumer Electronics Show (CES). Now, 3D printing is its own category at CES with a myriad of 3D printing companies from around the world in attendance each year.
As a first-year Denver Math Fellow (I assist math teachers and tutor in small groups), last week I was give a reprieve from my daily grind of lesson plans and teaching by participating in what my school calls Explore Week. This is a week where I was partnered with a teacher, chose a topic to explore with students, made a video promoting our explore class, and had students sign up to join us.
The topic my teaching partner and I decided on was “Creating Furniture Using Non-Traditional Methods and Materials.” Our course included designing and creating furniture models from cardboard, as well as 3D printing simple models. It was a lot of fun, and as I said, a nice change of pace, not to mention I really felt I was in my comfort zone.
Explore Week was made possible by the efforts of several companies, including:
Without a doubt, one of the biggest developments in the MCAD world in the past few years has been 3D printing (also known as additive manufacturing). Until relatively recently, though, the cost of the 3D printing machines was cost prohibitive for all but large companies. To a large extent, costs have been plummeting, but there are machines that cost more than a million dollars. However, that is changing with the advent of relatively low-cost desktop 3D printers.
3D printers sound cool, and to a large extent they are. But, before running out to buy one, there are a few things to keep in mind. Currently, a machine will set you back $500 to $5,000, plus $40 to $100 for a roll of plastic filament (think Weed Wacker) for producing parts. Also keep in mind that producing one small object could take hours, and end up costing much more than buying it. Don’t forget, too, that you need some technical know-how to make it all work, including how to create a solid model with a CAD tool. As I have maintained for some time, with all the online 3D printing services that are available, why buy when you can rent. Check out my blog post on this sentiment from last year entitled, “3D Printing Goes Retail: Why Buy When You Can Rent?”
That’s why I have said that the first low-cost devices were more fun than functional, and appealed to DIYers, hobbyists, and early adopters. All that is changing as the technology matures, prices come down, more materials become available, and part quality vastly improves.
As exciting as the 3D printing/additive manufacturing (AM) space has been the past several, especially the last couple, its unbridled enthusiasm and expectations couldn’t be expected to go on forever, and they’re not. Stratasys reported less than anticipated financials for Q1 2015.
All was not doom and gloom for Stratasys, however, as the financials also include the following:
Announced that Stratasys AM technologies were selected by Airbus for producing 3D printed flight parts for use in the first-of-type A350 XWB aircraft.
Announced organizational changes, including the creation of the Stratasys Strategic Consulting Division to help support customer development.
Completed the organizational integration of Solid Concepts, Harvest Technologies and RedEye Services to form Stratasys Direct Manufacturing (SDM).
Initiated a reorganization within MakerBot. This involved a sizable layoff of MakerBot employees and the closing of MakerBot retail stores. This reorganization was done to make MakerBot a better “fit” within Stratasys.
The company sold 7,536 3D printing and additive manufacturing systems during the quarter.
Stratasys Presents a 3D Printed Aircraft Interior at EuroMold 2014
Fred Fischer, Director of PolyJet and FDM Applications at Stratasys, presents an aircraft interior 3D printed using a unique combination additive manufacturing technologies. The presentation was filmed at Stratasys’ aerospace-themed booth at EuroMold 2014 in Frankfurt.
As impressive as it is, last month we gave 3D printing a bit of a dressing down based on personal experience. The blog post was a reality check and a look at the technology not through rose-colored glasses. That’s not to say, though, that 3D printing is still one of the biggest innovations on the manufacturing front, if not the biggest, in recent memory.
Even with the major advances that have transpired in 3D printing, there are still a number of skeptics who view the technology as little more than a promotional stunt or gimmick.
The Consumer Electronics Show (CES) 2015 took place this week. It’s an annual tech festival that began in 1967 that today attracts more than 160,000 attendees checking out about 3,500 exhibitors. Over the years, some of the more significant technologies first released at CES have included:
1970 – VCR
1981 – CD player
1985 – Nintendo Entertainment System
1998 – High-definition TV
2000 – Satellite radio
2003 – Blu-Ray DVDs
2015 – 3D Printing(?)
We didn’t attend CES this year, but we have been monitoring the activities in a pavilion dedicated to innovative technologies, including 3D printing.