June 9, 2020
LOS ANGELES—Metal 3D printing technology company 3DEO reported today it has shipped 150,000 production parts for end-use applications. The news represents a significant milestone for 3DEO, founded in 2016 to compete in high-volume metal manufacturing markets against conventional manufacturing techniques like CNC machining and metal injection molding.
“It validates our patented technology, our unique business model, and our mission to break metal additive manufacturing (AM) into high-volume production,” said 3DEO President Matt Sand, in a release from the company. “Today, we routinely win bids against traditional manufacturing because of our competitive cost structure and material performance.”
The success of metal AM, until recently, has been limited to prototyping and low volume production in high-value applications. But these segments are only a fraction of the total market, according to 3DEO, which is on a mission to make metal AM widely available for mass production.
“We are especially proud of the fact that every single customer we are working with is implementing metal AM in production for the first time,” said 3DEO’s CEO, Matt Petros. “3DEO’s unique business model and patented technology are the keys that allow 3DEO to finally break through and win parts orders in high volume production, where it was previously impossible.”
Rather than sell printers, 3DEO’s business model is to become a power user of its own technology and build an automated end-to-end industrial platform. Offering customers access to the platform to purchase additively manufactured production parts has been the real game changer, according to 3DEO.
“Our customers don’t want to buy printers, they really just need parts,” Petros continued. “The industry today is analogous to the server industry in the late ’90s, where people had to buy server infrastructure just to access their data. Companies are buying 3D printers today because there is no other way to get production parts. Our vision for 3DEO is to become the AWS of manufacturing. Our digital industrial platform gives our customers what they actually want—production parts—without any of the headache, cost, or complexity of scaling it up themselves.”
Matt Sand added, “150,000 parts shipped is only the beginning for us. We are scratching the surface of what’s possible with metal AM in the $130 billion U.S. metal parts market. With our additive and automation software and hardware, combined with our world-class R&D team and quality systems, we are primed to scale metal AM into millions of parts next year.”
3DEO (https://www.3deo.co/) invented and patented several industrial technologies, including metal 3D printing, which is the core of its next generation manufacturing platform. Based in Los Angeles, 3DEO supplies complex stainless-steel components in high volumes to customers in the medical, defense, aerospace, and other industrial markets. By working with 3DEO, customers get access to cutting edge manufacturing technologies in 3D printing, machine learning, and robotics, the company said.