Massivit 3D Printing Technologies Receives Investment from Stratasys
Wednesday, February 17, 2016
Stratasys leads an investment round in Massivit to accelerate the development and deployment of its proprietary super-sized 3D printing solutions.
Lod, Israel – Massivit 3D Printing Technologies Ltd. announced it has closed an investment by Stratasys (NASDAQ: SSYS), the 3D printing and additive manufacturing solutions company. The proceeds will be used to further develop, promote and deploy Massivit’s proprietary super-sized, super-fast 3D printing solutions. Terms of the investment were not disclosed.
Massivit is a manufacturer of large-format 3D printers used for rapid creation of super-sized objects. Massivit primarily targets the visual communication market, where its solutions serve to create large display objects for point-of-sale branding, advertising, exhibitions, theme parks and other applications.
Massivit’s vision is to revolutionize large-format 3D printing using its proprietary Gel Dispensing Printing (GDP) technology. The company offers for sale a super-sized, super-fast 3D printing solution comprising the Massivit 1800 system and the Dimengel 3D printing material, both created to meet the needs of the visual communication market. Next, Massivit is looking to build upon its GDP technology to craft solutions for additional markets that require fast large format-3D printing.
“The investment by Stratasys, which comes after a comprehensive due diligence process, is a strong validation of our unique technology and strong value proposition.” Says Avner Israeli, Massivit CEO. “We look forward to Stratasys’ support in the fulfillment of our vision, including sharing its operational experience and insights, helping us expand into new markets and more.”
“Stratasys is actively fostering innovation in the 3D printing and additive manufacturing industry. This includes, among other activities, investing in and collaborating with start-up companies, research centers and other partners developing promising and potentially disruptive technologies,” says Stratasys Vice President of Corporate Development & Ventures, Alon Elie.
“With Massivit, we gain exposure to markets and applications in which Stratasys is not active today such as visual branding, outdoor signage, landscaping and construction. We are excited about the possible applications of Massivit 3D’s GDP technology in those markets and others, which we will jointly explore.”
Investment proceeds will be used to accelerate Massivit’s market penetration, build a global presence, enhance logistic and manufacturing capabilities as well as support the continuation of the development of the company’s product portfolio.