According to the laser house, Micron (Jiangsu) 3D Technology *** hereinafter referred to as "Micron 3D") recently completed the first round of strategic financing of nearly 100 million yuan, led by the industry Yueda Automobile Industry, Huagong Technology (000988), Tianworm Capital and Xuzhou Airport Development Zone, etc., this round of financing will be used for large-scale production and manufacturing of a new generation of SLM metal 3D printing equipment and promotion, accelerate the penetration of titanium alloy 3C consumer electronics, shoe molds and other fields, Rubi Capital served as the long-term exclusive financial advisor and strategic partner of Micron 3D.
With the maturity of 3D printing technology and the continuous expansion of application scenarios, especially in recent years, the rapid penetration of applications in aerospace, medical dentistry, consumer electronics and other fields, according to market research company Smartech Analysis, the global additive manufacturing market size in 2022 will be $13.5 billion (Wohlers Report 2023 report $18 billion), and the latest market research says that the additive manufacturing market size will reach $18.8 billion in 2023. It is expected to reach 119 billion US dollars by 2032, of which the SLM (Metal PBF) technology route is growing almost exponentially in terms of growth rate and proportion, and is the sum of other routes.
Micron 3D was co-founded in 2016 by Dr. Li Shuai and Chen Zhichao, the first batch of 3D printing doctors in China, and the founder Dr. Li Shuai studied under Professor Shi Yusheng of the Additive Manufacturing Research Group of Huazhong University of Science and Technology, and obtained a doctorate degree in the field of additive manufacturing equipment, process and application development from Nanyang Technological University, the world's leading research institution for additive manufacturing. Dr. Chen Zhichao, the co-founder, has written more than 400,000 lines of software**, created large-size splicing interface enhancement algorithms and parallel multi-threaded algorithms, etc., and is known as the "Huake-Zhang Xiaolong" in the field of 3D printing software.
The company is committed to the production, manufacturing and related services of metal SLM equipment, the company focuses on the underlying technological innovation and forward development, self-developed slicing and control software, and carries out many disruptive designs and innovations on products based on first principles, with a total of more than 500 units shipped, of which the new metal SLM equipment market in 2023 is at the forefront of the market, and the new market share of dental SLM equipment is the first.
Metal additive manufacturing has gone through three stages of industrialization in the past decade, since 2008, the United States ** Obama provided manufacturing back to the United States, Germany provided industry 40 began, China began the exploration stage of industrialization, mainly the research equipment purchased by domestic universities and research institutes; The second stage is mainly for the mass manufacturing of metal 3D printing in high value-added products, especially for products with high added value and difficult manufacturing such as military aerospace. Since 2023, with Honor's announcement of the 3D printing of titanium alloy for the shaft cover part of the hinge in the folding screen Magic V2, metal 3D printing has entered a new stage of large-scale industrial application, said Xia Qing, strategic partner of Micron 3D.
Dr. Li Shuai, the founder, said that since its establishment, the company has made many software algorithms, processes and machine design innovations around the efficiency and cost of metal 3D printing according to first principles. In terms of data efficiency, the complete self-developed software is nearly 10 times faster than similar software in slicing, in addition, the combination of self-developed software and technology to achieve variable layer thickness printing, hollow grafting and other technical solutions greatly improve the printing efficiency; In terms of cost, compared with the purchase of software, self-developed software can bring hundreds of thousands of cost advantages, and at the same time, Micron 3D is the first batch of domestic core devices to localize and open up the underlying communication and control of enterprises, the most surprising thing is that drawing on Tesla's integration method, through subversive integrated innovation, the number of our parts and components is less than half of the equipment on the market, and the revolutionary cost reduction has been achieved.
Since its establishment, Micron 3D has taken the integration of software and technology as the core of equipment development, continuously iterated software and optimized the process, realized the localization of parts and components, and improved printing efficiency. In addition, the self-developed permanent filter element not only saves the need to replace the filter element regularly, but also greatly improves the powder utilization rate. In terms of slicing and path planning, combined with the characteristics of dental factories, one-click automatic nesting and path planning are realized, which greatly simplifies the difficulty of using the equipment. The control software is perfectly connected with the slicing software, and the operation is simple and easy to use. At present, Micron 3D's software and process have been running on nearly 1,000 devices, and the exclusive software and operation interface are customized for scenarios with different application fields and operation requirements to achieve intelligent one-click operation, which is the only multi-threaded solution in China that integrates software algorithms, control and material technology, and is "far ahead" in the field of domestic 3D printing software.
Based on the efficiency and cost advantages of the product, our products have achieved subversive breakthroughs in many fields, and the M140C dental special machine equipment launched in May 2023 has achieved the first new domestic market share in the dental 3D equipment industry since its launch on the market, which has changed the denture processing method of the existing small and medium-sized denture factories, and also changed the competitive landscape of dental 3D equipment.
In the second half of 2023, M300 and M420 and other multi-optical industrial equipment have been verified and purchased in bulk by shoe mold equipment factories, the cost of traditional shoe mold technology is high, and the company's first M light has the technical feasibility and cost advantage of subverting traditional processing, and for the first time in China, the comprehensive cost of 3D printed shoe molds (considering powder, equipment depreciation, etc.) is lower than the manufacturing cost of traditional shoe molds, and the replacement and penetration of processing methods in the field of shoe molds will be accelerated in the future. At present, it has carried out in-depth cooperation with the world's leading shoe mold companies.
Since the second half of 2023, the 3D printing capital and industry heat of titanium alloy consumer electronics have not decreased, for the field of titanium alloy consumer electronics, our first-class eight-light equipment fully considers the printing efficiency and printing process beat, and uses the upper powder feeding technology to achieve 7*24 hours of continuous production, and at the same time, through strategic cooperation with important influential customers in the 3C consumer electronics industry, it is expected to become the first technical solution manufacturer with equipment depreciation cost much lower than the cost of printing powder in the future.
In terms of the market, in addition to the development of various domestic market segments, Micron 3D will increase the pace of going overseas, and the proportion of overseas business will increase rapidly in 2023, and Micron 3D printing equipment has been running in dozens of countries such as Russia, India, and the United States.
In terms of team, with the rapid development of business, the company will set up a R&D and sales center in Shanghai, will increase marketing and sales promotion, and will expand the R&D team.
Xu Pengtian, the executive general manager of Shanghai Gimpo Kunwen Investment Management and the head of Yueda Automobile Science and Technology Innovation, said that additive manufacturing is one of the directions of technological revolution in the field of industrial production, and has been applied in aerospace, military manufacturing, high-end medical care, 3C consumption and other fields. The Micron 3D team has accumulated many unique advantages in both hardware and software in the direction of SLM metal 3D printing, and has strong competitiveness in the metal additive manufacturing industry.
As an investment-oriented platform for the automobile industry, Yueda Automobile Group has made all-round efforts in vehicle manufacturing, parts, R&D and services, and has devoted itself to building a full-chain ecosystem of the automobile industry. Yueda Auto is highly concerned about the potential of additive manufacturing in the large-scale manufacturing of core components in the automotive field, and will work with the Micron 3D team to expand the large-scale application exploration of additive manufacturing in the field of new energy vehicle manufacturing.
Zhu Jianfeng, deputy general manager of Huagong Technology Investment, the lead investor of this round, said: Huagong Technology is the earliest laser listed company (000988) in China, and is committed to providing extensive and complete laser manufacturing and processing solutions for the industrial manufacturing field, giving full play to the leading position in the field of industrial laser and the advantages of the whole industry chain, and paying great attention to additive manufacturing technology, especially the inflection point of SLM metal 3D printing into a new large-scale industrial application. The founding team of Micron is also an alumni of Wealthking, and has accumulated a lot of experience, especially in the field of slicing software and process realization, and will have many industrial synergies with Micron in the field of additive manufacturing in the future.
Rubi Capital, focusing on the laser optoelectronics industry chain, deeply cultivating hard technology enterprises, and providing them with precise empowerment is a professional investment bank, and is the long-term exclusive financial advisor and strategic partner of Micron 3D.
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