Tag Archives: FreshFiber
3D Systems to Raise $100 Million in Common Stock for Acquisitions
3D printer manufacturer 3D Systems (NYSE:DDD) announced that it will raise $100 million by selling common stock.
[The company] intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes.
The market did not respond well to this announcement, and shares dropped 6% in after hours trading. Their market capitalization this morning is $1.57 billion.
3D Systems has recently been on an acquisition bender:
- Bespoke Innovations in May for 3D printed personalized prosthetics
- FreshFiber in May 2012 for 3D printed electronics accessories
- My Robot Nation in April 2012 for creative solutions to support 3D printing community Cubify for kids and adults
- Paramount Industries in April 2012 to advance aerospace and medical device 3D printing
3D Systems also posted a healthy Q1 with record revenue and printer units sold. We reported how 3D printing stocks are hot, up 180% over 6 months and beating out the stock market indices.
Based on this announcement, it appears that more consolidation is on the roadmap for the 3D printing industry, and that 3D Systems is looking to take an early lead as juggernaut in the market.
Top 10 Countdown: Most Popular 3D Printing Stories in May 2012
Here are the top 10 most popular stories On 3D Printing brought you in May 2012.
10. 3D Systems acquired FreshFiber for 3D printed electronics accessories.
9. We wrote an editorial analyzing the space of 3D printing creators and consumers.
8. We reviewed SketchUp, Tinkercad, and 123D modeling software.
7. The fashion runway was 3D printed in Belgium.
6. The Motley Fool weighed in on public 3D printing manufacturers.
5. We featured companies exhibiting at Maker Faire Bay Area 2012.
4. Why Google sold SketchUp and what it means for 3D printing.
3. A 3D printing vending machine surfaced at Virginia Tech.
2. This New House: constructing and printing WikiHouse.
1. We featured Brad Feld as a premiere venture capitalist looking at 3D printing investments.
Thanks for reading in May!
3D Systems CEO: 3D Printing Will Be As Big As the iPad
The Cube is coming and it’s going to help 3D printing be as big as the iPad.
That’s the message 3D Systems CEO Abe Reichental wants you to understand. The Cube is 3D Systems’ new printer targeted at the mass consumer. It simplifies the process of getting from design to print via embedded Wi-Fi and cloud printing. The Cube will retail for $1,299 which undercuts the current consumer standard MakerBot Replicator by $500.
There is no doubt that Mr. Reichental has conviction about his belief in the growth of the 3D printing industry. 3D Systems transfered from NASDAQ to NYSE just one year ago and has grown its market cap by 40%. It has since been on an acquisition tear, picking up My Robot Nation, FreshFiber and several other companies. The 3D printer company recently reported record revenue for Q1 and is now placing bets on its Cube consumer printer and Cubify design portal.
In an interview with VentureBeat, Mr. Reichental commented on why 3D printing will become as big as the iPad:
There are very few artists around the world that can start painting on a blank canvas, but there are millions of people who can use a coloring book.
And further on his expectations for printer prices over time:
The prices will come down. It’s inevitable that in the next year or year-and-a-half prices will be half of what they are today, and then come down again.
We are excited to see the launch of the Cube printer!
Via VentureBeat.
iPad Crowd photo from niallkennedy used under Creative Commons license.
3D Systems Acquires FreshFiber for 3D Printed Electronics Accessories
3D Systems (NYSE:DDD) has announced the acquisition of Amsterdam-based FreshFiber BV, a leading 3D printing consumer goods brand. The photo above showcases several custom iPhone case designs sold by FreshFiber, each depicting the landmarks of a different major city and manufactured using 3D printing.
From their press release:
3D Systems plans to integrate FreshFiber into its growing consumer business and leverage the FreshFiber brand and leadership position to expand its reach into individualized and personalized electronics accessories.
“This is an exciting development that will allow us to bring an expanded range of accessories and services to our customers,” said Christian Dijkhof of FreshFiber.
FreshFiber is the leading 3D printed consumer electronics accessories brand sold on-line and in retail stores today. Over the past two years, FreshFiber grew its product offering and presence globally through high-end retail stores like Apple, FNAC and Gravis.
“FreshFiber delivers extraordinary personalization and style through a wide range of co-creation APPS and choices that empower consumers to customize their accessories, including its flagship iPhone® cases,” said Cathy Lewis, Vice President Global Marketing for 3D Systems. “We plan to enhance FreshFiber’s portfolio through our technology and manufacturing infrastructure as well as our growing Cubify.com platform.”
This acquisition comes just weeks after the acquisitions of My Robot Nation and Paramount Industries, and Q1 results with record revenue.
