3D printing stalwart Formlabs confirms ‘small number’ of layoffs
Reading Time: < 1 minutesThe MIT spinoff has been a rare success story in the 3D printing market, as the first to bring high-precision SLA (stereolithography) printing to the desktop form factor. Prior to its arrival, that corner of the market was almost exclusively made up of FDM (fused deposition modeling) printers, which deposit melted plastic layer by layer, in a manner similar to a hot glue gun. SLA, meanwhile, uses light to form a resin into a solid, high-resolution structure.
Formlabs weathered the burst of the original desktop 3D printing bubble, which saw many companies close up shop. Others, such as MakerBot, were acquired by larger companies. Broader macro issues have caused prolonged issues for much of the competition.
More recently, Formlabs has expanded into SLS (selective laser sintering) technology with its Fuse. As the name success, the technology uses lasers to sinter powder. According to a recent post from the company’s Chief Product Officer, Formlabs currently, ‘ships more than 50% of all SLS units in the world.’ The company also recent acquired two-person SLS startup, Micronics.
In recent years, the industry has struggled to broaden 3D printing’s market by scaling the technology for manufacturing. Formlabs has introduced its own high-volume solution (effectively a wall of printers), but the company’s bread and butter has been medical and dental applications like teeth-straightening inserts that require a level of customization not achieved by more traditional manufacturing.
Ref: techcrunch
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