Forbes: The Enemy Of Innovative 3D Printing In Automotive – The Project’s BuyerApril 20, 2021April 28, 2021 | The Essentium TeamShare There is the belief amongst investors that traditional automotive companies cannot keep up with new entrants into the automotive area during a period of explosive innovation: autonomous, electric vehicles, connected platforms, etc. Agility is not the strength of monolithic corporations steeped in historical ways of working and, therein, are seen as “slow to the game” versus neophytes who beta test new features on public roads.For the most part, that preconceived notion is flawed since those traditional manufacturers have the working capital to fuel innovation, whereas the startups are fighting to survive long enough to eventually see production revenues.However, one fundamental function at these well-established companies might hurt their competitiveness in the coming years: the project-specific Buyer from the corporation’s Purchasing Department. Much like a Clydesdale, this blinder-laden workhorse is rewarded for its focused attention on the task in front of them – specifically a lower Bill of Materials (BOM) cost for the vehicle or system — and that myopic viewpoint is seen as an advantage over engineers who might get distracted by new technology.Read More: ForbesShare
There is the belief amongst investors that traditional automotive companies cannot keep up with new entrants into the automotive area during a period of explosive innovation: autonomous, electric vehicles, connected platforms, etc. Agility is not the strength of monolithic corporations steeped in historical ways of working and, therein, are seen as “slow to the game” versus neophytes who beta test new features on public roads.For the most part, that preconceived notion is flawed since those traditional manufacturers have the working capital to fuel innovation, whereas the startups are fighting to survive long enough to eventually see production revenues.However, one fundamental function at these well-established companies might hurt their competitiveness in the coming years: the project-specific Buyer from the corporation’s Purchasing Department. Much like a Clydesdale, this blinder-laden workhorse is rewarded for its focused attention on the task in front of them – specifically a lower Bill of Materials (BOM) cost for the vehicle or system — and that myopic viewpoint is seen as an advantage over engineers who might get distracted by new technology.Read More: Forbes
Lewis Simms January 12, 2024Nexa3D Completes Acquisition of Essentium Adding High-Speed Extrusion to Its Powerful Additive Manufacturing PortfolioAcquisition broadens capabilities, adds super polymer expertise, and democratizes access to industrial, health and government customersVENTURA, CA, January 12th, 2024 – Nexa3D, the ultrafast 3D printing leader, announced the successful completion of its acquisition of Essentium, a distinguished manufacturer of high-speed extrusion (HSE) 3D printers and materials. Nexa3D has rapidly emerged as an industry leader in industrial 3D printing, offering revolutionary production solutions to businesses across various sectors. Renowned for its ultrafast 3D printers, which span from desktop to factory floor sizes, Nexa3D’s cutting-edge technology has redefined the possibilities of 3D printing production, enabling unparalleled productivity, accuracy, and material versatility. With over 1500 systems worldwide, Nexa3D’s printers have become the preferred solution for high-throughput production applications. Read More
The Essentium Team November 6, 2023Nexa3D Announces Intent to Acquire Essentium; Adds High Speed Extrusion to its Product PortfolioAcquisition would broaden capabilities, expand addressable markets, and diversify revenues for the fast-growing 3D printing company. Nexa3D, the ultrafast 3D printing leader, has taken a significant step in staking its leadership position in the industrial additive manufacturing space by signing a letter of intent to acquire Essentium, a prominent manufacturer of HSE 3D printers and materials, widely adopted for high requirement, precision applications in aerospace, military, and defense. With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio. Read More
The Essentium Team October 17, 2023Essentium and KVG Rapid 3D Printing Collaboration Strengthens Ukraine’s Defense Response Essentium®, Inc., a leading innovator of industrial additive manufacturing (AM) solutions, has joined forces with KVG®, an internationally recognized mission support provider, to provide Ukraine with 3D printing solutions, training, and manufacturing tools. These 3D printing capabilities enable rapid, on-demand production of mission-critical parts and components in the field of conflict. Read More
