Search Results for: bre pettis
Stratasys and MakerBot Complete Merger

Stratasys, Ltd. (NASDAQ: SSYS) and MakerBot announced the completion of their $403 million merger first announced on June 19th.
Stratasys is a pioneer in 3D printing for prototyping and production, and for more than 25 years has enabled designers and engineers to bring their ideas to life. MakerBot, founded in 2009, helped develop the desktop 3D printing market and has built the largest installed base of 3D printers in the category by making 3D printers highly accessible. MakerBot has sold more than 22,000 3D printers since 2009.
“Stratasys and MakerBot share a vision about the potential for 3D printing to transform design and manufacturing,” said David Reis, Stratasys CEO. “Our goal now is to maximize the benefits this merger creates for our shareholders, our customers and our employees.”
Bre Pettis, CEO of MakerBot added, “We are excited for the future – full speed ahead!”
Transaction Information
Consistent with the terms of the merger, Stratasys will issue up to 4.7 million of its shares in exchange for 100% of the outstanding capital stock of MakerBot. MakerBot stakeholders also qualify for performance-based earn-outs that provide for the issue of up to an additional 2.36 million shares through the end of 2014. Those earn-outs, if earned, will be made in Stratasys shares or cash (in an amount reflecting the value of the Stratasys shares that would have otherwise been issued at the relevant earn-out determination date), or a combination thereof, at Stratasys’ discretion.
Read more at MarketPitch.
MakerBot Announces Availability of Desktop 3D Scanner MakerBot Digitizer
MakerBot Seeks Real-World Copy and Paste with Digitizer Desktop 3D Scanner
3D scanners seem to be all the rage this month. First, not one but two 3D scanner Kickstarter campaigns were launched, and now desktop 3D printer company MakerBot, recently acquired by Stratasys for $403 million, has announced it will start selling its Digitizer desktop 3D scanner next week.
We first covered the MakerBot Digitizer in March when CEO Bre Pettis kicked off South by Southwest (SXSW) with a big announcement that his company was developing real-world copy and paste.
In April, we visited the MakerBot store in New York and asked Pettis what’s the next big thing he’s working on? He answered immediately, “3D scanners.”
In June, MakerBot was acquired by 3D printing giant Stratasys for $403 million. Well, Pettis isn’t letting the innovation stop just because he has cashed out.
Next week, the MakerBot Digitizer goes on sale. Here are some of the key features:
- Simple, yet sophisticated software creates clean, watertight 3D models with just two clicks.
- Get a 3D digital design file in just minutes.
- No design skills, 3D modeling or CAD expertise required to get started.
- Outputs standard 3D design file formats that can be modified and improved in third-party 3D modeling programs, like Autodesk’s free software MeshMixer.
- Easily upload your unique scans directly to Thingiverse.com.
Stay tuned for more news about the Digitizer or visit MakerBot’s store for more details.
3D Systems CEO Predicts Moore’s Law Will Hit 3D Printing Technology – Inside 3D Printing Chicago
3D Printing Will Change the Face of Business
Avi Reichental, President and CEO of 3D Systems, opened up this morning’s keynote speech at Inside 3D Printing Chicago with an enthusiastic and insightful view of the present and future of 3D printing. His presentation, Manufacturing the Future, focused on the democratization of 3D printing that will make it ubiquitous and empower anyone to become a maker. For example, one thing 3D Sytems has done is offer the service Cubify, which allows people to use their industrial printers to make objects in plastics, nylon and Zprint. Reichental noted, “whether you’re a deep pocketed corporation or a garage entrepreneur looking to start, it gives anyone access to 3D printing through the cloud.”

Throughout his presentation, he pointed to examples of how 3D printing already impacts our lives in will exponentially continue to do so. From applications in medicine to fashion to automotive, he is a firm believer that additive manufacturing will be an integral part of our everyday lives both in the industrial world and in the comfort of our own homes. He explained how Moore’s Law has begun for this industry and that, “printers are going to double up on performance and double down on costs. Expect printers to become real powerful home appliances. The train has left the station.” Bre Pettis at MakerBot for example, has been a key figure in beginning the process of lowering price to make printers accessible for regular consumers.
Despite rapid growth, there are numerous skeptics that ask: Does 3D printing really scale? Reichental however, emphatically answered “absolutely yes!” To answer skeptics, Reichental presented the example of Invisalign. Last year, he noted, 17.2 million Invisalign braces were made. Each one of them was manufactured in a 3D printing, 24/7, lights out manufacturing faciility. What is also amazing is that each of these designs are unique and distinct to adapt to people’s mouths. Furthermore, it seems like GE believes it will scale with over $3 billion they have invested in advanced digital manufacturing.

To put his money where his mouth is in terms of democratizing 3D printing, Reichental announced two important partnerships for 3D Systems. The first is a partnership with Google – Motorola, where 3D systems has outfitted Google/Moto trucks with their latest technology in order to teach people, mainly teens, how to use 3D printing technology. The trucks will go around college campuses, maker fairs and any other type of creative space where people want to create. The trucks will have the ProJet 3510 and the Projet 460 plus.
On the industrial end, Reichental announced, “this morning we have launched a game changing partnership with Deloitte Consulting to accelerate the way that companies can harness, adapt and implement this disruptive technology into their business model and their manufacturing operations.“ Together, they seek to help companies get educated about the technology and make decisions directionally on what they can do. After speaking with 3D Systems Chief Marketing Officer, Cathy Lewis, it is clear that education is a big focus for the company and clearly they are doing something concrete about it with these major partnerships. In sum, Reichental believes that this revolution is just beginning and we can expect to see completely new ways to design and manufacture from architecture to medicine and almost anything we can imagine.
Authored by On 3D Printing contributor Rodrigo Garza Zorrilla, technology entrepreneur and advisor.
Avi Reichental image courtesy of @3dsystemscorp. Other photos by On 3D Printing.
Inside 3D Printing Conference Chicago: Day 1 Top Stories

Inside 3D Printing Chicago: Day 1
Day 1 of the Inside 3D Printing conference in Chicago kicked off in high gear and built momentum throughout the day. Below are the top stories from the day.
MakerBot and Stratasys Take Center Stage at the Inside 3D Printing Chicago Keynote
Scott Crump of Stratasys and Bre Pettis of MakerBot kicked off the Inside 3D Printing conference in Chicago with a vision of the future 3D printing.
3D Printing Sparks Innovations in Art – MGX by Materialise at Inside 3D Printing Chicago
Joris Debo talks about a brave new art world pioneered by Materialise with their Mammoth Stereolithography 3D printing technology.
Microsoft Confirms Plans to Take 3D Printing to the Masses at Inside 3D Printing Chicago
Microsoft wants to create a consumer operating system that is available to everybody that works fluidly with 3D printing.
Top Photos from Inside 3D Printing Chicago Conference Day 1
We are covering the Inside 3D Printing conference in Chicago this week. Here are some of our top photos from the conference on day 1.
Stay tuned or follow us on Twitter @on3dprinting for more updates from Day 2.
MakerBot and Stratasys Take Center Stage at the Inside 3D Printing Chicago Keynote

MakerBot and Stratasys Share a Vision for the Future of 3D Printing
Two industry giants, Scott Crump and Bre Pettis, lay out their vision.
Scott Crump, Chairman of the Board of Stratasys, and Bre Pettis, CEO of MakerBot, kicked off the Inside 3D Printing conference in Chicago this morning with an exciting vision of a future where 3D printing becomes a part of our daily life.
It all began in the late 80s, when Scott Crump wanted to make a toy frog for his daughter. Scott and his wife Lisa built the frog, and with it the first 3D printer, with little more than a glue gun and a toy plotter in their kitchen. A passion was born, and after the food started tasting like plastic, they moved the operation to the garage. In 1989, they patented the first FDM (fused deposition modeling) machine, or 3D printer. Today Scott Crump is Chairman of the Board and Chief Innovation Officer of Stratasys, the largest commercial 3D printer company in the world. With over 30,000 printers sold, Stratasys has a global presence and annual revenues of over $350 million. They currently produce over fifty five percent of the commercial 3D printers in the market.
“Welcome to Stratasys and welcome to a 3D world,” passionately stated Scott Crump, “where the only limitation is your own imagination.” Crump emphasized how it’s amazing that a toy froggy led to building an exoskeleton that allows a girl to have fully functional limbs. In addition to turning manufacturing on its head, 3D printing will have a positive impact on people’s lives. “The manufacturing revolution has started and it’s not changing slowly,” says Crump. “Stratasys looks forward to leading the way to a future where we will see millions of 3D printers from home to industrial use.”
Crump then introduced Bre Pettis, the co-founder and CEO of MakerBot, who spoke about his journey into the 3D printing world that has made these printers accessible to consumers. He mentioned that he and his co-founders Adam and Zach began playing with the idea of 3D printing in 2007 at the hacker space, NYC Resistor. By January 2009, they founded MakerBot, which has recently been acquired by Stratasys for $403 million. Much like Scott and Lisa Crump started in their kitchen, Pettis mentioned how they “started as three guys, a laser cutter and a dream.”
After speaking to friends that they saw a future where you could download objects, they came up with Thingiverse where the latest challenge is for someone to come up with a birdhouse to download. Thingiverse has just launched a customizer where people who don’t know what CAD stands for, can design their own iPhone case design. Pettis mentioned, “Consumers now live in a world where they don’t have to choose between two products,” they can make one for themselves. He set forth his favorite example of a toy train track that can be made functional through 3D printing.
Scott Crump and Bre Pettis emphasized that 3D printing is here to stay and will become ubiquitous in our lives.
Authored by On 3D Printing contributors Rodrigo Garza Zorrilla, technology entrepreneur and advisor, and Lisa M. Pérez, co-founder of Heart Design Inc.









