Massivit

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

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

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. [15]

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. [16] 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.[17] 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.[18] In May 2022, the company launched Massivit 10000, [19] that won two prizes: The American Composites Manufacturers Association award in the category 'manufacturing'[20] and the IBEX innovation award in the category 'boatbuilding'.[21] The company sells printers in 40 countries.[2]

References

  1. (March 7, 2021). Massivit 3D Printing raises NIS 169m in TASE IPO. Globes.
  2. 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. Grace Nehls (May 18. 2022). Massivit 5000 3D printer expedites printed parts, increases workflow efficiency. Composites World.
  14. (February 11, 2021) The printer manufacturer Massive will go public in Tel Aviv at a value of NIS 600 million. TheMarker.
  15. Grace Nehls (May 18. 2022). Massivit 5000 3D printer expedites printed parts, increases workflow efficiency. Composites World.
  16. Chris Pasion (June 8, 2021). CAMX 2021 exhibit preview: Massivi3D Printing Technologies. Composites World.
  17. Sarah Saunders (April 22, 2022). Massivit 3D Launches Massivit 10000 3D Printing Tooling System. 3dprint.com.
  18. Chris Pasion (August 31. 2022). CAMX 2022 exhibit preview: Massivit 3D. Composites World.
  19. Michael Levi (May 8, 2022). The formal launch of Massivit 10000. Funder.
  20. (October 19, 2021). 2021 ACMA award winners for composites excellence (ACE)
  21. IBEX Announces Winners Of The 2022 Innovation Awards.
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