Exone end to end binder jetting service

ZMorph Lands Investment for R&D and Market Expansion

Metal Parts Produced
Commercial Space
Medical Devices

Share this Article

ZMorph multi toolhead 3d printerZMorph, the manufacturer of multifunctional, 3D personal fabricators and software, has signed on a financial investor, Warsaw Equity Group.

WEG will invest $1 million, and acquire a minority stake, to support the further expansion of ZMorph and help fund a plan to ramp up production to more than 1000 units annually.

The funds will also be used to develop ZMorph 3.0, a new version of the multi-functional and multi-material, all-in-one 3D printer.

“We finished negotiating and signed an investment agreement last week,” says Piotr Wasowski, the co-founder of ZMorph. “The funds raised will let us significantly step up production capacity, which will translate into faster expansion in international markets.”

Piotr Wasowski

Piotr Wasowski

The agreement will take the form of a new share issue and convertible note, and in exchange for their capital contribution and a loan, Warsaw Equity Group will acquire a minority stake in the company.

ZMorph launched a showroom in Haarlem, Holland in 2014 and now operates a representative office in California as well.

“The cash injection will help us to faster mark our presence in key markets because we will be able to significantly increase the production,” said Wasowski of this latest deal. “At this time, the volume of orders considerably exceeds our production capacity, but we are expecting to produce and sell a total of 1000 ZMorph personal fabricators by the end of 2015.”

ZMorph’s printers will be offered on Amazon.com, and six new distributors in the US and in Europe are expected to join their sales network by the end of June.

Wasowski says his company’s European distribution is also poised for an expansion, and during the autumn of this year, ZMorph will begin expanding into Asian markets. The total number of ZMorph’s active resellers has now climbed to 22 worldwide.

The company says a share of the funds from the WEG deal will be used for research and development activities.

“We plan to develop a new printer version, ZMorph 3.0, by the end of this year. The new ZMorph will be even more versatile, multi-functional and multi-material. ZMorph remains the only printer that has the capability to change printing toolheads, so a single 3D personal fabricator can do the job of 11 different machines,” Wasowski says. “We also plan to further develop our software – Voxelizer 3D.”

single-head-3.00-1280x720He adds that the multi-toolhead functionality of the company’s printers means users can not only print with several types of plastic filament, but they can also print in chocolate, cake, rubber and nylon.

The ZMorph’s Personal Fabricator also functions as a CNC milling, laser cutting and engraving machine and as a 3D scanner.

What do you think about this latest investment in the multi-function 3D manufacturing device company ZMorph? Let us know in the ZMorph Expansion forum thread on 3DPB.com.

ZMorph 3D.photo2

 

Share this Article


Recent News

3D Printing Webinar and Event Roundup: October 24, 2021

3D Printing News Briefs, October 23, 2021: Business & Software News



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Could 3D Printed Metal Made With Scrap Material Solve Our Aluminum Problems?

The additive manufacturing division of 6K Inc, 6K Additive, has purchased the Pennsylvania company Specialty Metallurgical Products (SMP), a specialist in producing titanium and zirconium tablets for the metal alloys...

Redefine Meat Snaps Up Former Nestlé and Unilever Executives

Israel-based 3D printed animal-free meat developer Redefine Meat has appointed former Nestlé and Unilever executives ahead of the European commercial launch of its series of five “New-Meat” products in November 2021....

3D Printing Webinar and Event Roundup: October 17, 2021

We’ve got several multi-day conferences to tell you about in this week’s roundup, along with webinars on topics ranging from semiconductors and bioprinting to digital dentistry and more. Read on...

Featured

French Hospitals to Perform Medical 3D Printing On-Demand with Stratasys

Stratasys signed a deal with French med-tech startup Bone 3D to provide 3D printing technology to local hospitals. This cooperation is part of Bone 3D’s HospiFactory initiative, equipping healthcare institutions...


Shop

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