Massivit 1800 3D printer.
The company behind the Massivit large-scale 3D printer, Massivit 3D Printing Technologies Ltd., has announced it has closed an investment by Stratasys to further develop and promote its proprietary super-sized, fast 3D printing technology.
Massivit primarily targets the visual communication market, where its solutions serve to create large display objects for point-of-sale branding, advertising, exhibitions, theme parks and other applications.
Massivit uses a unique Gel Dispensing Printing (GDP) technology. The company offers a large-format 3D printing solution comprising the Massivit 1800 system and the Dimengel 3D printing material, both created to meet the needs of the visual communication market. Massivit is now looking to build upon its GDP technology to develop solutions for additional markets that require fast, large format-3D printing.
“The investment by Stratasys, which comes after a comprehensive due diligence process, is a strong validation of our unique technology and strong value proposition," Avner Israeli, Massivit CEO, explained. “We look forward to Stratasys’ support in the fulfilment of our vision, including sharing its operational experience and insights, helping us expand into new markets and more.”
Massivit 3D printed bull.
“Stratasys is actively fostering innovation in the 3D printing and additive manufacturing industry. This includes, among other activities, investing in and collaborating with start-up companies, research centres and other partners developing promising and potentially disruptive technologies,” Stratasys Vice President of Corporate Development & Ventures, Alon Elie, added. “With Massivit, we gain exposure to markets and applications in which Stratasys is not active today such as visual branding, outdoor signage, landscaping and construction. We are excited about the possible applications of Massivit 3D’s GDP technology in those markets and others, which we will jointly explore.”
￼Investment proceeds will be used to accelerate Massivit’s market penetration, build a global presence, enhance logistic and manufacturing capabilities as well as support the continuation of the development of the company’s product portfolio.