3D printing company
Massive
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Reports on the launch of the printer it developed over the past weekend as part of the JEC show in France. During it, it received 12 preliminary, conditional and non-binding orders for the delivery of the printer during the second half of 2022 and during 2023.
The “Massive 10000” printer operates on Cast In Motion technology, and is designed to print molds from composite materials (carbon and fiberglass), used by industrial companies to manufacture parts in industries such as the aerospace industry, shipping, automobiles, trains, and more. The company estimates that its use may save customers up to 80% of labor costs, up to 80% of production time and up to 50% of raw material costs.
Last month, the company reported preliminary results for the first quarter of 2022, during which it sold five printers from existing models (Massive 1800, Massive 5000), compared to four printers in the same quarter in 2021. Total revenue in the first quarter of 2022 amounted to approximately $ 1.9 million, compared to approximately $ 1.3 million in the first quarter of 2021 – an increase of approximately 46%.
In an interview with BizPortal after the results were published, he said The company’s CEO Erez Zimmerman“Because our systems have the ability to solve supply chain problems. Parts that take more than two months to arrive from import can be printed on the spot in a very short time of 24 hours. This market has the ability to change entire industries.” He also referred to the new model and said that it “will be the company’s main growth engine in the coming years. I will cautiously say that a massive 10000 is expected to increase the company’s revenue in the second half of 2022, in parallel with first line product sales”.
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