New Matter Shuts Down; MOD-t 3D Printers Will Remain Operational

Share this Article

Four years ago, a company called New Matter arrived on the scene with its affordable, accessible MOD-t 3D printer, launched via Indiegogo. The company ended up raising nearly double its original crowdfunding goal and closed a $6.5 million Series A funding round a few months later, and the 3D printer went on to become a popular favorite, well-liked for its simplicity, ease of use, and certainly for its low price tag. The company’s offerings were a favorite especially among educators – and the education industry was a favorite of New Matter, which donated hundreds of thousands of dollars worth of 3D printers and supplies to schools and learning centers. New Matter also stepped up to help customers of a shuttering 3D printing business in March 2016 and introducing the second generation of the MOD-t 3D printer in October 2017.

Sadly, New Matter announced this week that it will be closing its doors, effective at the end of this month. Despite a successful four years, selling more than 10,000 3D printers to customers around the world, the business is no longer sustainable.

“It has become clear that our aspirations to transform the industry simply don’t fit profitably into the current market dynamics in desktop 3D printing,” said New Matter CEO Steve Schell in a letter posted to the company’s website.

[Image: New Matter]

New Matter is the second company within a week to shut down; Type A Machines announced last week that it would be closing, making one wonder what’s going on in the 3D printing industry. Or, more specifically, the desktop 3D printing industry. Many experts have said that the future of the 3D printing industry is in industrial 3D printers, and although there is still talk by some of a 3D printer in every home one day, the desktop 3D printer hasn’t caught on among individual consumers the way it was once predicted it would. Desktop 3D printers certainly aren’t at risk of becoming obsolete, but it may very well be that the market has become saturated. New consumer 3D printers are constantly being released, not to mention introduced via crowdfunding campaigns, making it hard for any one company to stay ahead of the pack, with the exception of a few. In such a crowded market, even a strong company with a lot to offer can go under.

Steve Schell

MOD-t owners can be reassured that their 3D printers will remain functional even after the company closes. The New Matter Store will still remain operational until mid-summer 2018, and limited technical support will be available. After that time, MOD-t 3D printers will lose their Wi-Fi functionality, but they will still be able to print via USB and the MOD-t desktop app. Schell has released an FAQ covering the cessation of operations and what that means for customers.

Right now, New Matter is having a going out of business sale on filament, print surface plates, and its Quil 3D printing pen. These items are steeply discounted, so now’s the time if you want to stock up.

“Most importantly, we want to thank all of you who have supported us,” said Schell. “Despite our disappointment with this outcome, the whole New Matter team is nonetheless proud of what we’ve accomplished over the last four years, and we recognize that we simply could not have achieved what we have without your enthusiasm and encouragement.”

New Matter will certainly be missed, and its closure along with that of Type A Machines is a harsh reminder that it’s not easy to survive in the 3D printing industry – especially, these days, in the consumer market.

Discuss this and other 3D printing topics at 3DPrintBoard.com or share your thoughts below. 

 

Share this Article


Recent News

Korea: 3D Printed Protection Suits for Senior Citizens

Sintratec Providing 3D Printing Support to Daimler Buses for Service Bases



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Plumen & Batch.Works: 3D Printed Lampshade Collection Made from Recycled Plastic

3D printing has obviously done a lot of good in many of the major sectors of the world, like aerospace and medical. But, every once in a while, Plumen sneaks...

3D Printing News Briefs: December 10, 2019

We’re telling you about an award, a little business, and a new product in today’s 3D Printing News Briefs. NCDMM has received the ManTech award for its additive manufacturing research...

SLM Solutions & Honeywell Qualify Materials, Accelerate 3D Printing Rate

SLM Solutions, headquartered in Germany (with offices in France, Italy, Russia, India, China, Singapore and the US), works with a network of partners around the world. Now, they are announcing...

Jumbo 3D Manufacturing Partners with MOBILIS Medical for 3D Printing in Healthcare

Last year, diversified business Jumbo Group, which is the UAE’s leading distributor of IT and consumer electronics, launched a new business dedicated to 3D printing called Jumbo 3D Manufacturing. Now,...


Shop

View our broad assortment of in house and third party products.


Services & Data

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!