Massivit 3D Printing Technologies Ltd. (Massivit3D) is an Israeli public company traded on the Tel Aviv Stock Exchange (TASE:MSVT) Its headquarters are in Lod.[1] The company develops, constructs and sells Additive Manufacturing printers for production of large parts and develops printing materials for use in their printers.[2]
History
Massivit 3D was founded in 2013 by Gershon Miller, Igor Yakubov and Moshe Uzan.
[2]
In 1994, Miller established "Idanit" printing, acquired four years later by Scailex Corporation (formerly Scitex) for $60 million.
[3]
In 1998 he was one of three founders of "Objet", which in 2012 merged with its competitor Stratasys (Nasdaq: SSYS),[4] that had market value of $5.7 billion.[5] In February 2021, By IPO it had raised $50 million.[2]
The CEO is Erez Zimerman and the chairman is Yaron Yechezkel.
[6]
Investors includes: institutional investor (including Migdal and Mor Investment House),[7]
Stratasys,[8]Yaskawa Electric Corporation[9]
and Alpha hedge fund.
[10] Among the investors in Masivit are: Tzur Daboosh,[11] the Owner and chairman of the Board Klil Industries, the Japanese electronics corporation, YASKAWA[12] and institutional bodies. Among the members of the company's board of directors is David (Dadi) Perlmutter, who was previously a vice president at Intel.
Products
Massivit 3D main markets are: transportation, shipping, entertainment, furniture, construction and aviation.[2][13] The first generation of the company's printers inject Dimengel, an acrylic-based plastic gel, that polymerized and creates solid layers under ultraviolet light.[14]
In 2016, the company launched its first printer, Massivit 1800.
[14]
In 2021, the company launched Massivit 5000, an improved version of Massivit 1800. It provides a double material method on which two separate parts can be printed concurrently using disparate materials.[13]
The second generation of printers, based on Massivit 10000, was developed to manufacture molds for composite material end parts for the fibre-reinforced plastic industry.[15]
It enabling production of jigs, molds, master tools, fixtures and mandrels. The process is designed to decrease manual labor and material costs, while reducing tooling time.[16]
The product 3D prints an outer, wash away shell with the print head and intermittently fills the shell with a thermoset, epoxy casting material, forming an isotropic mold. The encapsulated mold is immersed in water causing, the outer shell to crumble without redundant pollutants, leaving the mold.[17]
In May 2022, the company launched Massivit 10000,[18] that won two prizes: The American Composites Manufacturers Association award
in the category 'manufacturing'[19] and the IBEX innovation award in the category 'boatbuilding'.[20] The company sells printers in 40 countries.[2]
