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Shapeways Holdings, Inc. (symbol: SHPW) is a pioneering force in digital manufacturing, redefining product creation through its comprehensive platform that encompasses design, making, and selling. Originating as the world's largest consumer 3D printing service, Shapeways has empowered over 1 million creators and printed more than 10 million products. The company's unique approach integrates advanced production technologies, starting with 3D printing, and extends to a full suite of services that support creators in building their businesses.
Shapeways operates factories and offices in New York, the Netherlands, and through global partnerships, offering over 60 different materials and finishes. The company is a spin-out from Royal Philips Electronics' lifestyle incubator and has secured investments from prominent firms such as Union Square Ventures, Lux Capital, Andreessen Horowitz, and others.
Recently, Shapeways has made significant strides in the electric vehicle (EV) sector. A newly secured contract highlights their commitment to sustainable transportation by providing critical components for commercial large-scale electric delivery vehicles. This reflects Shapeways' ability to merge high-precision traditional and additive manufacturing technologies, appealing to industries like automotive, medical, and robotics.
Shapeways' digital manufacturing platform combines high-quality, flexible on-demand manufacturing with proprietary software, enabling rapid transformation of digital designs into physical products. The company's ISO 9001-compliant facilities in Livonia and Charlotte, Michigan, and Eindhoven, the Netherlands, support their global operations, delivering over 24 million parts to customers across 180 countries.
In 2023, Shapeways expanded its capabilities by purchasing new injection molding presses and doubling its titanium manufacturing capacity. These investments underscore their commitment to meeting dynamic production demands and enhancing customer partnerships.
Shapeways continues to explore strategic alternatives, including potential sales of parts of its business, to maximize shareholder value amidst macroeconomic uncertainties. The company remains focused on reducing operating expenses and aligning costs with market conditions.
For more information, visit www.shapeways.com.
Shapeways, a leader in the digital manufacturing sector, will announce its fourth-quarter financial results for 2021 on
Shapeways has updated its 3D printed Zebrafish Display at Dana-Farber Cancer Institute in Boston, enhancing it with touch-free technology. This installation, created nearly a decade ago, features 477 models of zebrafish, known for their genetic similarities to humans, symbolizing hope in cancer research. Each fish now includes an NFC tag for wireless communication of donor messages. The project used Nylon 12 and Selective Laser Sintering, ensuring longevity and interaction through mobile devices. This ongoing collaboration highlights Shapeways' commitment to innovative digital manufacturing solutions.
Shapeways Holdings, Inc. (NYSE: SHPW) is enhancing its quality assurance to meet the demands of Additive Manufacturing 2.0, catering to enterprise customers. The company aims to lower production barriers and accelerate delivery times while ensuring adherence to rigorous quality standards. Shapeways provides a complete digital manufacturing platform with ongoing support for over one million customers worldwide. The company collaborates with industrial clients across diverse sectors, optimizing production processes and product reliability with advanced quality control mechanisms.
Shapeways has announced its participation in the 24th Annual Needham Growth Conference, scheduled for January 14th, from 1:15 to 1:55 PM ET. The event will feature presentations by CEO Greg Kress and CFO Jennifer Walsh. Investors can access a live webcast of the presentation through a provided link. Additionally, Shapeways management will hold virtual meetings with investors during the conference. The company is recognized for its leading role in digital manufacturing, having delivered over 21 million parts to more than 1 million customers globally.
Shapeways (NYSE: SHPW) predicts significant growth in additive manufacturing for 2022, highlighting the demand for digital workflows and customized products. The company's new Otto software facilitates 3D printing access, especially for mid-sized manufacturers. The medical market for 3D printing is expected to grow from $2.4B to $5.1B by 2026. Shapeways emphasizes the importance of local production to alleviate supply chain issues. Increased investments and partnerships, including a deal with Desktop Metal, are anticipated to drive market growth.
Shapeways Holdings, Inc. (NYSE: SHPW) reported Q3 2021 revenue of $7.7 million, down from $8.1 million in Q3 2020. Gross profit remained at $3.7 million, with margins improving to 47.5%. The company completed its merger with Galileo Acquisition Corp., strengthening its balance sheet with $90.2 million in cash. Due to delays in capital deployment, Shapeways revised its 2021 revenue outlook to approximately $32.5 to $33.5 million. The CEO expressed optimism about future growth opportunities and the introduction of its SaaS platform, Otto™.
Shapeways Holdings, Inc. (NYSE: SHPW) and Desktop Metal, Inc. (NYSE: DM) have announced a significant partnership enhancing 3D printing services. This collaboration aims to provide manufacturing teams with streamlined access to advanced 3D printing technologies at Shapeways’ facilities in New York and the Netherlands. Shapeways will utilize Desktop Metal's systems to expand its manufacturing capabilities, facilitating rapid production and cost-effective solutions for customers in various industries. This initiative is set to roll out in early 2022, with further integrations planned.
Shapeways Holdings (NYSE: SHPW) and Desktop Metal (NYSE: DM) announced a significant partnership to enhance 3D printing services. Building on a collaboration initiated in 2021, Shapeways will expand Desktop Metal's production capabilities at its manufacturing sites in New York and the Netherlands. This alliance aims to provide clients with immediate access to advanced 3D printing technologies and services, including Desktop Metal’s AM 2.0 platforms and extensive materials library. The initiative is designed to support clients in reducing costs and improving manufacturing flexibility.
Shapeways, Inc., a leader in digital manufacturing, will release its third-quarter financial results for the period ending September 30, 2021, on November 15, 2021, after market close. The timing for the conference call has been updated to 5:30 p.m. ET on the same day. Participants can join through a designated phone line or via the company’s website. A replay will be accessible from 8:30 p.m. ET on November 15 until 11:59 p.m. ET on November 29, 2021.
Shapeways, a leader in digital manufacturing, will announce its third-quarter 2021 financial results on November 15, 2021, after market close. The conference call is scheduled for the same day at 5:00 p.m. ET, accessible via phone and webcast. Shapeways offers a digital manufacturing platform to produce high-quality products efficiently, leveraging its proprietary Otto software and diverse materials. Founded in 2008, Shapeways has served over a million customers, producing over 21 million parts with 11 technologies and 90 materials. The company is headquartered in New York City.
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