MASSIVIT PRESENTS 10000-G ADDITIVE MANUFACTURING SYSTEM AT RAPID + TCT, OFFERING BROAD COMPOSITE APPLICATIONS

Rhea-AI Summary

Massivit 3D Printing Technologies unveiled its Massivit 10000-G at the Rapid + TCT event in Chicago from May 2-4, 2023. This innovative system automates production for composite materials, effectively overcoming bottlenecks in mold production and serving a variety of large-scale custom applications. The 10000-G can print molds up to 80% faster than traditional methods and integrates Gel Dispensing Printing (GDP) technology, enhancing capabilities for producing high-quality, custom parts.

CEO Erez Zimerman highlighted the 10000-G's role in transforming industrial production, reducing time and costs typically associated with manual processes. Massivit's GDP technology is now adopted in 40 countries and allows for the rapid production of functional prototypes across multiple industries, demonstrating the company's commitment to advancing additive manufacturing.

Positive

• Introduction of the Massivit 10000-G, enhancing capabilities in composite manufacturing.
• The system can produce industrial molds 80% faster than conventional methods.
• Integrates Gel Dispensing Printing technology, expanding production possibilities.
• Adoption of GDP technology in 40 countries highlights its global acceptance and utility.

Negative

• None.

LOD, Israel, April 27, 2023 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), will unveil its Massivit 10000-G for the first time to the North American additive manufacturing market at Rapid + TCT in Chicago.  The system, that automates production for composite materials manufacturing, is designed to overcome recognized bottlenecks in mold production and to also provide a full range of large-scale custom manufacturing applications. Visitors to Booth #2924 during the Chicago event May 2-4, 2023, will see the Massivit 10000-G printing live demonstrations as well as many examples of printed components and molds.

Erez Zimerman, CEO of Massivit, commented, "As the leading provider of large-scale additive systems, we're thrilled to offer the North American additive manufacturing sector this opportunity to experience the new game-changing 10000-G in action. Following the launch last year of our award-winning 10000 additive system, we've now developed the capability to directly print industrial molds for composites and to also create complex custom end parts all in one system - a true milestone for the manufacturing market."

The 10000-G is the latest addition to Massivit's Cast In Motion product line, designed to automate mold production for composite manufacturing and to provide an extensive range of applications for large-scale custom manufacturing. It enables digital production of complex molds, mandrels, master tools, jigs, and fixtures. It significantly accelerates composite materials production by directly casting industrial molds 80% faster than conventional processes. A variety of digital tooling processes are available on the 10000-G, including molding for thermoforming, resin transfer molding, and reaction injection molding.

The company's high-performance, epoxy-based casting material uniquely provides true isotropy for uniform strength and hardness in all directions at elevated temperatures, unlike existing additive tooling technologies currently on the market. Molding processes for composites have traditionally relied on steel or aluminium that bear high costs, lengthy lead times, and extensive material waste.

In addition, the Massivit 10000-G offers a wide range of additive manufacturing and custom composite manufacturing applications, thanks to its integrated Gel Dispensing Printing (GDP) capabilities.

Visitors to this year's Rapid + TCT show in Chicago can book a live demonstration of the Massivit 10000-G and will have the opportunity to handle a range of printed molds and components straight off the system, and obtain technical information from the Massivit team at Booth #2924.

Massivit's GDP technology, adopted across 40 countries so far, enables rapid production of full-scale end parts and functional prototypes suitable for the automotive, marine, railway, engineering, and other industries. The addition of GDP capabilities to the 10000-G system opens up the possibility of producing parts that are flame-retardant, impact-resistant, high definition, or transparent.

Massivit's CEO concludes, "At Massivit, our objective is to automate areas of industrial production that have traditionally required time-consuming and costly skilled manual intervention. Composite manufacturing is one such area, and we have the ability through our 10000-G machine to truly disrupt the future production of composite parts and components."

Journalists are invited to schedule an interview with Kevin Sykes, North American President at Massivit, by contacting the company's Senior Marketing Team Leader below.

See the full Press Release here.

Images & logo can be downloaded here.

About Massivit:

Massivit 3D Printing Technologies Ltd. (TASE: 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
Email: avi@massivit.com

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

For investor relations enquiries, please contact:
Miri Segal Scharia
CEO
MS-IR LLC
Email: msegal@ms-ir.com
917-607-8654

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

View original content:https://www.prnewswire.com/news-releases/massivit-presents-10000-g-additive-manufacturing-system-at-rapid--tct-offering-broad-composite-applications-301809578.html

SOURCE Massivit 3D Printing Technologies Ltd.

FAQ

What is the Massivit 10000-G and its significance for SSYS?

The Massivit 10000-G is an additive manufacturing system that automates composite material production, launched by Massivit 3D at the Rapid + TCT event. Its significance for SSYS (Stratasys) lies in its potential to disrupt traditional manufacturing processes by offering faster and cost-effective solutions.

When was the Massivit 10000-G launched?

The Massivit 10000-G was unveiled on April 27, 2023, during the announcement ahead of the Rapid + TCT event.

How much faster is the Massivit 10000-G compared to traditional methods?

The Massivit 10000-G can produce industrial molds 80% faster than conventional processes.

Where can potential customers see the Massivit 10000-G in action?

Potential customers can see the Massivit 10000-G at Booth #2924 during the Rapid + TCT event in Chicago from May 2-4, 2023.

What industries can benefit from the Massivit 10000-G?

The Massivit 10000-G is suitable for various industries, including automotive, marine, and railway, due to its capability to produce large, custom parts and molds.