On December 16, 2023, the 86th issue of "3D Printing Weekly", the following is what happened in the 3D printing industry this week, including "big events", "industry dynamics", "fun manufacturing", financing and listing", new products, etc.
—— BIG EVENT ——
3D printer manufacturer Markforged is in danger of being delisted
Just two years after going public, the American company Markforged is at risk of being delisted from the New York Stock Exchange (NYSE). Its share price was too low to reach a dollar. This is already the second time that the exchange has issued a warning. According to the New York Stock Exchange, the average share price must exceed $1 over a 30-day period. MarkForged now has six months to meet this requirement to avoid being delisted.
—— Industry News ——
3 additive manufacturing projects won the special prize of the 2023 Staff Technical Achievement Award of the China Technical Association
Recently, the China Technology Association announced that 61 projects won the special prize of 2023 employee technological innovation achievements, including 3 additive manufacturing projects. They are the "Laser Additive Manufacturing Dense and Narrow Runner Quality and Reliability Improvement Technology" by Beijing Power Machinery Research Institute, the "Additive Manufacturing Complex Micro Inner Runner Surface Finishing Technology and Equipment Development" by AECC Commercial Aero Engine Co., Ltd., and the "Multi-laser Large-size Selective Area Melting Additive Manufacturing Equipment and Application" by Yijia 3D Additive Technology (Hangzhou)**.
ISO ASTM 52939:2023, the international standard for architectural 3D printing, was officially released
ISO ASTM 52939:2023 was published in December 2023, and the standard is called "Additive Manufacturing in Buildings – Qualification Principles – Structural and Infrastructure Elements" and aims to ensure quality, safety, and efficiency in the field of 3D printed construction. This standard was developed by the ISO Technical Committee on Additive Manufacturing (ISO TC 261) and the ASTM International Technical Committee on Additive Manufacturing (F42).
Top 10 metal 3D printing companies by revenue in 2023
According to Voxelmatters' latest report, Metal Additive Manufacturing Market 2023, released on December 4, the total revenue of the metal additive manufacturing market reached 28$500 million, a year-on-year increase of 26%. At the same time, the top 10 companies in the metal 3D printing industry have also been announced. The top three are EOS, SLM Solutions and 3D Systems, while BLT and Hanbang Technology from China are also on the list.
—— Fun manufacturing ——
3D printing 1:1 real-life restoration Yungang Cave 12 "moved" to Shenzhen
On December 6, the Civic Center of Shenzhen Museum held a special exhibition "Civilized Beauty: Pingcheng and Yungang Grottoes Art of the Northern Wei Dynasty", which will be on display until May 24, 2024. The highlight of the exhibition is the ** cave of Yungang 12th in the hall on the first floor, which is restored by high-tech means 1:1. It was revealed that the Yungang Grottoes were scanned six or seven years ago, and then the exhibits, including Cave 12, were 3D printed and produced in the Shenzhen factory.
HILOS launches custom 3D printing platform for footwear
Hilos, a company focused on 3D printed footwear, unveiled a new production platform at Art Basel Miami Beach. The collaboration with fashion company Unknown Union marks a significant change in the field of footwear manufacturing. The platform enables designers and brands to produce footwear on demand, maintaining a high-variety, low-volume chain.
Financing Listing
3D printing orthodontic giant SmileDirectClub went bankrupt after filing for bankruptcy
U.S.-based orthodontic company SmileDirectClub (NASDAQ***SDC) filed for Chapter 11 bankruptcy under the U.S. Bankruptcy Code in September with nearly $900 million in debt. The company has ceased operations after a failed restructuring attempt. SmileDirectClub apologized to more than 2 million customers on its ** and announced that it would stop providing customer service.
Gongda Laser was led by Xiaomi's B round of investment, and will vigorously develop green metal 3D printing
Shenzhen Gongda Laser recently completed a B round of financing of over 100 million yuan, led by Xiaomi Production and Investment, followed by Lingyunguang Co., Ltd. Focusing on the research and development of high-power short-wavelength (green and ultraviolet) fiber lasers, the company said that it will focus on photovoltaic and lithium battery applications, and vigorously develop advanced light sources for metal 3D printing and semiconductor manufacturing.
—— NEW PRODUCTS ——
Tuozhu launches the BAMBU Lab A1, a "gantry" 3D printer
On December 14, 2023, Tuozhu Technology announced the launch of the A1 3D printer, which is a larger version of the A1 mini that was launched not long ago. The machine has a build size of 256x256x256mm and a maximum printing speed of 500mm s, and can be used with AMS Lite to achieve multi-color printing. At present, BAMBU Lab A1 has opened a limited pre-sale, A1 stand-alone version**: 2199 yuan, A1 Combo set**: 3399 yuan.
Shenzhen Rencai launched a 6-color 3D printer Rencolor and launched Kickstarter crowdfunding
Shenzhen Rencai Company has officially launched a 6-color 3D printer called Rencolor, which has been launched on the Kickstarter crowdfunding platform. With a molding size of 295x295x360mm and a maximum print speed of 120mm s, this new 3D printer offers monochrome, mixed, gradient, and segmented color modes.
That's all for this TWAB, thank you for tuning in, see you next week.