10th December 2020
Stratasys – represented in the UK by Derbyshire-based platinum partner SYS Systems – has signed an agreement to acquire 3D printing start-up Origin Inc.
The merger will enable Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform.
Stratasys expects Origin’s proprietary Programmable PhotoPolymerisation (P3) technology to be an important growth engine for the company, adding up to $200 million incremental annual revenue within five years.
It will help fortify Stratasys’ ground-breaking work in polymers and 3D-printing production applications in industries such as medical, tooling and select industrial, defence and consumer goods segments.
Stratasys CEO Yoav Zeif said: “Our customers are looking for additive manufacturing solutions that enable use of industrial-grade resins for mass production parts with process and quality control.
“We believe Origin’s software-driven Origin One system is the best in the industry by combining high throughput with incredible accuracy. When combined with Origin’s extensive materials ecosystem and our industry-leading go-to-market capabilities, we believe we will be able to capture a wide range of in-demand production applications on a global scale.
“Together with our intended entry into powder bed fusion technology, the acquisition of Origin reflects another step in fulfilling our objective to lead in polymer additive manufacturing by offering comprehensive, best-in-class technologies and solutions to create a fully digital additive value chain, designed for Industry 4.0 integration.”
According to Stratasys market analysis, manufacturing applications show the most potential for significant growth in the 3D-printing industry, reaching approximately $25 billion by 2025.
Stratasys anticipates that production-oriented resin-based solutions can address a significant part of the total market for polymer additive manufacturing. In fact, it is estimated that resin polymer-based additive systems will grow at a 20 per cent annual rate from 2020 to 2025.
Origin’s P3 technology, an advancement on Digital Light Processing (DLP) principles, cures liquid photopolymer resin with light. The company’s first manufacturing-grade 3D printer, Origin One, precisely controls light, heat and force, among other parameters, via closed-loop feedback software.
This new technology enables customers to build parts with industry-leading accuracy, consistency, size and detail, while using a wide range of commercial-grade, durable resins.
Origin CEO and co-founder Christopher Prucha said: “We founded Origin to create a whole new additive manufacturing platform that enables mass production of end-use parts with incredible accuracy, consistency and throughput along with a wide range of available materials.
“Stratasys is the best company for us to join to achieve our vision, giving us an unparalleled opportunity to significantly expand market reach and enable us to bring our P3 technology to a larger audience.”
Its systems have helped manufacturers reduce product development time, cost and time to market, as well as reduce or eliminate tooling costs and improve product quality.