Massivit

From Wikipedia the free encyclopedia

Massivit 3D Printing Technologies Ltd. (Massivit3D) is an Israeli public company traded on the Tel Aviv Stock Exchange (TASE:MSVT) Its headquarters are in Lod.[1] The company develops, constructs and sells Additive Manufacturing printers for production of large parts and develops printing materials for use in their printers.[2]

History[edit]

Massivit 3D was founded in 2013 by Gershon Miller, Igor Yakubov and Moshe Uzan. [2] In 1994, Miller established "Idanit" printing, acquired four years later by Scailex Corporation (formerly Scitex) for $60 million. [3] In 1998 he was one of three founders of "Objet", which in 2012 merged with its competitor Stratasys (Nasdaq: SSYS),[4] that had market value of $5.7 billion.[5] In February 2021, By IPO it had raised $50 million.[2] The CEO is Erez Zimerman and the chairman is Yaron Yechezkel. [6] Investors includes: institutional investor (including Migdal and Mor Investment House),[7] Stratasys,[8] Yaskawa Electric Corporation [9] and Alpha hedge fund. [10] Among the investors in Masivit are: Tzur Daboosh,[11] the Owner and chairman of the Board Klil Industries, the Japanese electronics corporation, YASKAWA[12] and institutional bodies. Among the members of the company's board of directors is David (Dadi) Perlmutter, who was previously a vice president at Intel.

Products[edit]

Massivit 3D main markets are: transportation, shipping, entertainment, furniture, construction and aviation.[2][13] The first generation of the company's printers inject Dimengel, an acrylic-based plastic gel, that polymerized and creates solid layers under ultraviolet light.[14] In 2016, the company launched its first printer, Massivit 1800. [14] In 2021, the company launched Massivit 5000, an improved version of Massivit 1800. It provides a double material method on which two separate parts can be printed concurrently using disparate materials.[13]

The second generation of printers, based on Massivit 10000, was developed to manufacture molds for composite material end parts for the fibre-reinforced plastic industry.[15] It enabling production of jigs, molds, master tools, fixtures and mandrels. The process is designed to decrease manual labor and material costs, while reducing tooling time.[16] The product 3D prints an outer, wash away shell with the print head and intermittently fills the shell with a thermoset, epoxy casting material, forming an isotropic mold. The encapsulated mold is immersed in water causing, the outer shell to crumble without redundant pollutants, leaving the mold.[17] In May 2022, the company launched Massivit 10000,[18] that won two prizes: The American Composites Manufacturers Association award in the category 'manufacturing'[19] and the IBEX innovation award in the category 'boatbuilding'.[20] The company sells printers in 40 countries.[2]

References[edit]

  1. ^ (March 7, 2021). Massivit 3D Printing raises NIS 169m in TASE IPO. Globes.
  2. ^ a b c d e James Spiro (March 7, 2021). Massivit 3D Printing Technologies completes TASE IPO, raises $50 million. Calcalist.
  3. ^ Ami Ginzburg (February 2, 1998). Scailex acquired Idanit for $60 million in cash. Globes.
  4. ^ Dror Raich and Inbal Orpaz (December 5, 2012). 3D Printer Maker Objet Merges With Its U.S. Rival. Haaretz.
  5. ^ Shiri Habib-Valdhorn (July 31, 2022). Hunting season: which Israeli companies might be a target to takeover. Globes.
  6. ^ Massivit 3D, Board & Management. Mays TASE.
  7. ^ Almog Ezer (February 4, 2021). Migdal invested in Massivit IPO. Calcalist.
  8. ^ Omri Zerachovitz and Inbal Orpaz (February 18, 2016). TechNation: Stratasys Invests in 3D-printing Startup Massivit. Haaretz.
  9. ^ YASKAWA invests in "Massivit 3D Printing Technologies Ltd.", an Israeli company developing and selling large 3D printer.
  10. ^ Massivit double 3D printers sales in 2021. The Marker.
  11. ^ לוי, אביב (2021-02-10). "מאסיבית מקדמת הנפקה עם הערת 'עסק חי' ופגיעה חזקה מהקורונה". Globes. Retrieved 2023-04-25.
  12. ^ "NEWS&EVENT | 安川電機　ベンチャー投資情報". www.yaskawa.co.jp. Retrieved 2023-04-25.
  13. ^ a b Grace Nehls (May 18. 2022). Massivit 5000 3D printer expedites printed parts, increases workflow efficiency. Composites World.
  14. ^ a b (February 11, 2021) The printer manufacturer Massive will go public in Tel Aviv at a value of NIS 600 million. TheMarker.
  15. ^ Chris Pasion (June 8, 2021). CAMX 2021 exhibit preview: Massivi3D Printing Technologies. Composites World.
  16. ^ Sarah Saunders (April 22, 2022). Massivit 3D Launches Massivit 10000 3D Printing Tooling System. 3dprint.com.
  17. ^ Chris Pasion (August 31. 2022). CAMX 2022 exhibit preview: Massivit 3D. Composites World.
  18. ^ Michael Levi (May 8, 2022). The formal launch of Massivit 10000. Funder.
  19. ^ (October 19, 2021). 2021 ACMA award winners for composites excellence (ACE)
  20. ^ IBEX Announces Winners Of The 2022 Innovation Awards.

External links[edit]

  1. ^ Why 3D printing is vital to success of US manufacturing | FT Film, retrieved 2023-04-25
Retrieved from "https://en.wikipedia.org/w/index.php?title=Massivit&oldid=1203801959"