Stratasys was founded in 1989, by S. Scott Crump and his wife Lisa Crump in Eden Prairie, Minnesota. The idea for the technology came to Crump in 1988 when he decided to make a miniature frog for his young daughter using a glue gun loaded with a assortment of polyethylene and candle wax. He thought of creating the form level by layer and of a way to automate the process. In April 1992, Stratasys sold its beginning product, the 3D Modeler. [ 5 ] In October 1994, Stratasys had an initial public offer on NASDAQ ; the company sold 1.38 million shares of coarse malcolm stock at $ 5 per share, netting approximately $ 5.7 million. [ 6 ]
Reading: Stratasys – Wikipedia
In January 1995, Stratasys purchased IBM ‘s rapid prototyping intellectual property and other assets and employed 16 former IBM engineers, who had been developing a small three-d printer that relied on an bulge system identical similar to Crump ‘s patent fuse deposit model ( FDM ) engineering. [ 7 ] In 2003, Stratasys fused deposition mold ( FDM ) [ 8 ] was the best-selling rapid prototyping engineering. [ 9 ] FDM is a summons that the caller patented, which is used to produce three-dimensional parts immediately from 3D CAD files layer-by-layer for practice in design confirmation, prototyping, development and manufacture. In 2007, Stratasys supplied 44 % of all additive lying systems installed global, making it the unit of measurement market drawing card for the sixth back-to-back year. [ 10 ] In January 2010, Stratasys signed an agreement with HP to manufacture HP-branded 3D printers. [ 11 ] In August 2012, the HP manufacture and distribution agreement was discontinued. In May 2011, Stratasys announced that they had acquired Solidscape, a drawing card in high-precision 3D printers for lost wax cast applications. [ 12 ] In 2012, Defense Distributed, an unrelated visualize to produce a working firearm by 3D printing, was intended to use a Stratasys printer. Stratasys refused to permit this and withdrew its license for use of the printer, citing that it did not allow its printers “ to be used for illegal purposes ”. [ 13 ] [ 14 ] In 2014 the Israeli fashion couturier Noa Raviv featured grid model centered couture garments which were created employing Stratasys ‘ 3D print engineering. Some selections from the aforementioned collection were exhibited in 2016 at the exhibition “ Manus X Machina ” at the Anna Wintour Costume Center at New York City ‘s Metropolitan Museum of Art. [ 15 ] [ 16 ] In 2019, the J750 model was recognized as the Enterprise 3D Printer of the year in the polymer printer class at the 2019 3D Printing industry Awards in London, England. [ 17 ]
amalgamation with Objet.
On April 16, 2012, Stratasys announced that it agreed to merge with privately held Objet Ltd., a leading manufacturer of 3D printers based in Rehovot, Israel, in an all-stock transaction. Stratasys shareholders were expected to own 55 percentage of the unite company, and Objet shareholders would own 45 percentage. The amalgamation was completed on December 3, 2012 ; the market capitalization of the new company was approximately $ 3.0 billion. [ 18 ]
Acquisition of MakerBot, Solid Concepts and Harvest Technologies.
On June 19, 2013, MakerBot Industries announced that it was purchased by Stratasys for $ 403 million. [ 19 ] On April 2, 2014, Stratasys announced that they had entered into authoritative agreements to acquire Solid Concepts and Harvest Technologies, which will be combined with RedEye, its existing digital fabricate service business, to establish a single additive fabrication services business unit. [ 20 ] The learning was finalized on July 15, 2014. [ 21 ]
investment in Massivit 3D.
On February, 2016, Stratasys announced an investment in Israeli company Massivit 3D Printing Technologies to promote and deploy Massivit 3D ‘s proprietary super-sized 3D print solutions .
investment in Inkbit.
On November 4, 2016, Inkbit announced that Stratasys led an equity fund orotund with DSM Venturing to propel production of its Vision-based, artificial intelligence additive manufacture chopine. [ 22 ]
Acquisition of Origin.
On December 9, 2020, Stratasys announced a conduct to acquire San Francisco-based Origin for $ 100 million. [ 23 ] The skill was finalized on December 31, 2020. [ 24 ] On April 27, 2021, Stratasys announced the Stratasys Origin One, an update version of the Origin One 3D printer targeted towards production applications. [ 25 ]
3D car production systems.
In 2014, Stratasys prototyped an electric car with fully 3D-printed outside panels, and a few print home parts. Development took one year, and parts were constructed using a Stratasys Objet1000. [ 26 ]
Urbee [ 27 ] is the first cable car in the world manufactured using linear fabricate technology ( its bodywork and cable car windows were “ printed ” ). Created in 2010, through a partnership with the Canadian engineering group KOR Ecologic, [ 28 ] it is a hybrid vehicle with a futuristic look. [ 29 ] [ 30 ] [ 31 ]