Numbers Don’t Lie–And They Look Very Good: voxeljet Heads to China & Graphene 3D Lab Gains Fortune 500 Investor
Voxeljet has been full of very positive surprises lately. The German 3D printing manufacturer, which is broken up into two divisions, voxeljet SYSTEMS and voxeljet SERVICES, has seen good revenues lately, which are attributed to growth in both sales and services. This is all a promising recipe for thriving in the future–and now it seems some of that will be shared in China as they too get to experience some of voxeljet’s recent good mojo.
Having just signed an agreement for an equity joint venture with Chinese company Suzhou Meimai Fast Manufacturing Technology, voxeljet will now also be ambitiously pursuing opportunities in China’s industrial 3D printing market. With headquarters already in their home country of Germany, as well as service centers in the US, and UK, they will now pushed forward into the Asian markets.
In the news last month (and often, otherwise) as they reached their manufacturing and distribution goal with the shipping of their 100th 3D printer — the VX1000, it’s evident that this company, one of the leading manufacturers of industrial 3D printing systems, is continuing to grow in popularity. And the numbers certainly don’t lie. Currently looking very good with a market cap of $105.64 million, at close of day Tuesday their share price was at $5.60, up 0.72 percent.
The current headquarters for Voxeljet China will be situated near Shanghai, in Suzhou, and reportedly they will be the dominant force in the partnership, controlling a ‘supermajority interest.’ The goal is to begin manufacturing and providing on demand parts services for molds and models for metal casting in the second quarter of 2016. There may also be a move to a more spacious facility at some point.
“We are excited to announce our joint venture partnership with Meimai in China as part of our ongoing growth strategy … their experience with our printers coupled with their existing customer base and relationships with end users of industrial 3D printing applications in China is a great benefit,” said voxeljet CEO Dr. Ingo Ederer. “This is a great opportunity for us and we look forward to growing together in the market.”
Currently voxeljet SYSTEMS is the business division focusing on developing and distributing ‘the fastest and most powerful 3D printing systems in the market.’ They offer smaller to large-format industrial 3D printings, covering many required applications for their global customer base.Voxeljet SERVICES custom parts service centers are responsible for making sand molds and plastic models–on demand–and they are popular with small-batch and prototype manufacturers.
Also in the news regarding positive current finances as well as the future outlook is Graphene 3D Lab, another company we follow often and who was recently in the news regarding their new lightweight Graphene Flex Foam.
They have reportedly recently signed a comprehensive agreement with a ‘Fortune 500-listed manufacturer’ who will be funding comprehensive R&D efforts, but with intellectual property rights being held by both companies as they roll out multi-phased deliverables in the retail arena.
“We expect graphene to become a common ingredient in large-scale manufacturing, and the agreement announced today will likely be a common first-step for traditional manufactures,” said Graphene 3D Co-CEO Elena Polyakova. “Manufacturers want the benefits of graphene, but it is a highly-specialized material. We are helping partners develop solutions and processes to incorporate graphene into their existing manufacture processes.”
“We are not just replacing other additives with graphene, we are working jointly with our partners to elevate the potential of their products. Product expertise from our partners, graphene expertise from our lab – the results is new products that can do more than before,” said Co-CEO Daniel Stolyarov.
Boasting a market cap of $22.95 million, their share price increased by 105.26 percent following Tuesday’s announcement, indicating deep approval by investors.
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