LOS ANGELES – (BUSINESS WIRE) – Jul 21, 2021–
3DEO, a next-generation metal 3D printing technology company, recently took a milestone in its commercialization, proudly announcing the shipment of its millionth production part in July. The coin is a revolutionary safety razor product for Blackland Razors. The realization of 3DEO comes less than two years after the full commercialization of its patented 3D printing technology in 2020.
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“3DEO has experienced an exponential growth curve over the past six quarters and we already have orders through 2023,” said Matt Petros, CEO of 3DEO. “With more than 50 customers in recurring mass production, our business model creates a solid foundation for future growth. Bookings have already more than tripled revenue this year and we plan to triple again next year. All this is possible thanks to 3DEO’s Manufacturing Cloud.
To adapt its patented metal 3D printers to mass production, 3DEO built its integrated platform – the Manufacturing Cloud ™. The platform integrates proprietary software, 3D printing, robotics, materials and processes and transforms the industry by enabling product innovators to launch and scale better products, faster. Not only does 3DEO’s cloud eliminate the time and risk associated with developing traditional products; it also solves some of the country’s biggest supply chain problems.
3DEO’s Manufacturing Cloud has taken metal 3D printing to unprecedented levels and, for the first time, competes with traditional manufacturing like CNC machining and metal injection molding, even in volumes of high production. Working with numerous Fortune 500 brands in the medical device, aerospace, defense, automotive and consumer goods industries, 3DEO’s average annual customer order quantity exceeds 20,000 parts per year. In addition, the number of new customers increased more than 10 times in the first 12 months of working with the company.
At $ 36 billion, 3DEO’s addressable market is already very large and poised to expand significantly over the next decade. “Megatrends are converging to create a unique moment in time for manufacturing in America, including supply chain chaos, relocation, accelerated adoption of 3D printing and the need for eco-friendly manufacturing. ‘environment’, continues Petros. “Put it all together and you’ve got a perfect storm for 3DEO to lead a resurgence of American manufacturing. We’re at the center of it all and evolving as quickly as possible to keep pace.”
About 3DEO: Based in Los Angeles, 3DEO is the world’s highest production volume metal 3D printing company. 3DEO has created its integrated production platform, the Manufacturing Cloud ™, to upgrade its patented metal 3D printers to mass production. Without the design limitations of legacy manufacturing, high initial costs, and long lead times, Manufacturing Cloud ™ gives product innovators superpowers to launch physical products at the speed of software. 3DEO was founded in 2016 and has 125 employees. To learn more, visit www.3deo.co.
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PUB: 07/21/2021 14:07 / DISC: 07/21/2021 14:07
Copyright Business Wire 2021.