Massivit to Introduce Game-Changing 10000-G Additive Manufacturing System and Launch Corporate Rebranding at JEC World 2023

Rhea-AI Summary

Massivit 3D Printing Technologies (TASE: MSVT) announced the introduction of its Massivit 10000-G to the European composites market at JEC World 2023 in Paris, held from April 25-27. This system automates mold production, offering significant savings of up to 80% in time and 50% in material costs. The Massivit 10000-G utilizes the innovative Cast In Motion technology, enhancing the digital production of complex molds and tools for various industries, including automotive, marine, and defense. The company also unveiled a corporate rebranding to align with its advancements in additive manufacturing, celebrating its 10-year anniversary. Live demonstrations will occur at Massivit's Booth K58 during the event, with a clear goal to transform large-scale manufacturing processes.

Positive

• Introduction of Massivit 10000-G, offering up to 80% time savings in mold production.
• Potential for 50% reduction in material costs with new technology.
• Successful integration of Cast In Motion technology in multiple industries.
• Rebranding aligns with strategic goals and technological advancements.

Negative

• None.

LOD, Israel, April 24, 2023 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a leading provider of large-scale additive manufacturing systems, has announced that the company will introduce its groundbreaking Massivit 10000-G to the European composites market at Europe's most prestigious composite materials tradeshow, JEC World, between April 25-27th. The JEC World event will also mark the launch of Massivit's 2023 corporate rebranding in line with the company's latest technological milestones and strategic penetration into the composites arena on the year of its 10-year anniversary.

The Massivit 10000-G sets a new standard in industrial mold production by automating and speeding up workflows for composite manufacturing. Based on the company's Cast In Motion technology, the 10000-G facilitates digital production of complex molds, mandrels, master tools, jigs and fixtures for a range of industries including automotive, rail, marine, defense, consumer goods, and sporting goods. Cast In Motion technology brought to market the first isotropic 3D-printed mold and has been adopted by customers in the automotive, marine, and consumer goods sectors.

JEC World 2023 takes place at the Paris Nord Villepinte Exhibition Centre. Visitors will have the opportunity to experience live demonstrations of the Massivit 10000-G at Massivit's Booth K58 in Hall 6 as well as a showcase of industry applications.

The system offers manufacturers significant production time and cost savings – up to 80% of mold production time and 50% in material costs. This latest industrial 3D printer on the company's second-generation product line provides access to Massivit's full set of Dimengel thermoset materials that have until now been available with the company's Gel Dispensing Printing (GDP) product line. GDP enables custom manufacturing and functional prototyping before going to production at up to 30 times the speed of other technologies. The growing range of Dimengel materials respond to essential industry requirements including flame retardancy, high-definition production, and a waste reduction. GDP systems have to date been installed across 40 countries, allowing manufacturers to expedite manufacturing of large, industrial parts.

"We are thrilled to introduce the revolutionary 10000-G to the European composites market at JEC World 2023," said Erez Zimerman, CEO of Massivit 3D. "This event is the perfect platform to showcase our latest innovations and connect with industry leaders and experts. We are confident that our 10000-G printer will disrupt composite materials manufacturing as we know it, and we can't wait to share it with the world."

Lance Lyons, President of Massivit's customer Lyons Industries, concurred "Massivit's Cast In Motion process is a game changer.", referring to the printer's ability to automate production. "Finally, someone's figured out how to print a composite mold. Now, with the Massivit 10000, it prints the mold in a fraction of the time, energy and cost."

Massivit has also announced that it will utilize the JEC World event to launch its 2023 corporate rebranding roll out. The rebrand represents a significant step forward for Massivit, reflecting the company's strategic endeavors to overcome real-world manufacturing needs by offering new, advanced additive manufacturing technologies. Massivit's vision is to transform large-scale manufacturing from traditional processes to digital, high-speed production using industrial-grade materials. The new logo, look and feel serve to communicate Massivit's brand identity and unique value proposition towards future growth.

The company's rebranding process has incorporated Massivit's core values: radical innovation, reliability – with a current install base across 40 countries, knowledge sharing with the global manufacturing and additive manufacturing communities, and a commitment to supporting greener manufacturing through waste-free, additive innovation.

Journalists are invited to join Massivit on April 25th at 2PM CET for a live demonstration on the Massivit 10000-G. Interviews with Massivit's CEO Erez Zimerman can be scheduled by contacting Massivit's Senior Marketing Team Leader below.

Images & logo can be downloaded here

About Massivit:

Massivit 3D Printing Technologies Ltd. (Tel Aviv Stock Exchange: MSVT) is a leading provider of industrial 3D printing systems for the automotive, marine, railway, and additional markets. The company's solutions enable cost-effective production of large, custom parts, molds, and prototypes at unprecedented speed. Massivit's vision is to transform manufacturing of large parts from traditional processes to ultra-fast, digital fabrication using industrial-grade materials. The company was founded in 2013 by a team of experts led by Gershon Miller, founder of Objet Geometry (Stratsys Nasdaq: SSYS). Its headquarters are based in Lod, Israel and the company provides its worldwide community with end-to-end services supported through an extensive dealer network.

For additional information, please contact:

Avi Cohen
VP Global Sales
Massivit
avi@massivit.com

Yafit Sulimani
Senior Marketing Team Leader
Massivit
yafit.sulimani@massivit.com

For investor relations enquiries, please contact:

Miri Segal Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
917-607-8654

Logo - https://mma.prnewswire.com/media/2061242/4000985/Massivit_Logo.jpg

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SOURCE Massivit 3D Printing Technologies Ltd.

FAQ

What is the Massivit 10000-G system introduced by Massivit 3D Printing Technologies?

The Massivit 10000-G is an advanced additive manufacturing system that automates mold production, achieving significant time and cost savings.

When and where will Massivit introduce the Massivit 10000-G?

Massivit will introduce the Massivit 10000-G at JEC World 2023 in Paris from April 25-27.

What are the benefits of using the Massivit 10000-G?

The Massivit 10000-G offers up to 80% savings in mold production time and 50% reduction in material costs.

What industries can benefit from the Massivit 10000-G?

Industries such as automotive, marine, defense, consumer goods, and sporting goods can benefit from the Massivit 10000-G.

How does the new Cast In Motion technology work?

Cast In Motion technology enables the digital production of complex molds and tools, enhancing efficiency in manufacturing.