3DEO has announced the shipment of 150 thousand production parts for end-use applications.
According to Matt Sand, 3DEO’s President, “150 thousand parts is a terrific milestone for 3DEO. It validates our patented technology, our unique business model, and our mission to break metal additive manufacturing (AM) into high-volume production. Today, we routinely win bids against traditional manufacturing because of our competitive cost structure and material performance.”
While announcing its 2019 results, 3DEO laid emphasis on the fact that the company’s mission is not to sell 3D printers, but above all to enable new applications of metal AM. Offering customers a production service has been a game changer for 3DEO’s business model.
Until recently, metal AM has found success only with prototyping and low volume production in high-value applications. These segments are only a fraction of the total market, limiting the true potential of AM’s impact in manufacturing.
3DEO’s CEO, Matt Petros, said, “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. 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.”
“150,000 parts shipped is only the beginning for us,” said Matt Sand. “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’s mission is to make metal AM widely available for mass production. This announcement will further enable the company to gain popularity and to take another step towards the realization of this objective.
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