On February 23, 3D Systems announced the acquisition of Titan Additive LLC (Titan Robotics), a Colorado-based designer and maker of large-format industrial 3D printers. Titan Robotics, as the world leader in pellet-based polymer extrusion additive manufacturing (AM) technology and the only manufacturer offering hybrid tool head configurations, delivers solutions to its clients by building application-specific processes utilizing Titan's proprietary AM technology. Through this purchase, 3D Systems will strengthen and broaden its range of polymer additive manufacturing solutions to target new applications in foundries, consumer goods, service bureaus, transportation and motorsports, aerospace and defense, and general manufacturing.
"As the leading additive manufacturing solutions partner across industrial and healthcare markets, 3D Systems is committed to meeting the widest possible range of our customers’ AM production needs, With the addition of Titan Robotics’ unique extrusion technology, we will be able to address our customers’ needs for large build volumes, superior performance, and improved productivity at a significantly lower cost. Through the innovative modular approach of their printers and the ability to use both pellet and filament product forms in an open architecture with widely available production polymer systems, we believe the adoption rate of industrial 3D printing will continue to accelerate. By combining the engineering and applications expertise of Titan Robotics with the global reach of 3D Systems’ sales, service, and applications teams, we are well-positioned to support our customers across the full range of our markets."
-Dr. Jeffrey Graves, president, and CEO, 3D Systems.
Titan Robotics is the only manufacturer that offers hybrid tool heads with pellet extrusion, filament extrusion, and a spindle tool head for precise finishing. These adjustable systems provide the user with significant freedom in selecting the optimal combination of formats for their application. The resulting solutions can deliver large, industrial parts using heated build platforms and chambers that scale from 30" x 30" x 45" to as large as 50" x 50" x 72", with print speeds up to 30,000 mm per minute. In addition, as the customer's needs change in the future, the Titan system can be easily expanded to include more materials and products that best meet their performance and cost goals.
Titan Robotics is thrilled to become part of the world-class organization at 3D Systems. Titan’s leadership team of Clay Guillory, Bill Macy, Maddie Guillory, and I are committed to continuing Titan’s mission of changing the traditional manufacturing landscape with production additive manufacturing solutions," said Rahul Kasat, CEO, Titan Additive LLC. In addition, people at 3D Systems are excited about the synergies this acquisition will bring to a wide range of manufacturing industries, as pellet-based extrusion and hybrid manufacturing systems become the new standard for production applications.
Pellet-fed directly 3D printing enables a diverse range of material alternatives, with hundreds of commercially available formulas ranging from low durometer (soft) to high performance and densely filled resins, such as those with high carbon and glass fiber content. This enables clients to pick the optimal material for their application and achieve up to a 75% cost reduction.
In addition, these technologies are appropriate for a range of applications because of their mix of rapid manufacturing, short cycle times, and lower prices.
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Casting in sand
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Thermoforming, vacuum forming, sheet metal forming, and composite tooling are all examples of tooling.
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Fixtures and jigs for assembly and manufacturing
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End-use parts applications include those that require an alternative to injection molding and those that demand high temperatures, such as air ducts, underhood, brackets, and structural components.
Reynolds Advisory Partners represented Titan Robotics in this transaction.
3D Systems anticipates that the acquisition will conclude in April 2022. The firm will discuss this expansion investment in further detail at its future earnings call on Monday, February 28, 2022, at 4:30 p.m. Eastern Time. Please check the company's website for more information.
*Certain statements in this release that are not historical or current facts are forward-looking statements under the Private Securities Litigation Reform Act of 1995.