M3D (company)

M3D, LLC
Private
Industry Digital printing
Founded April 2014 (April 2014) in Bethesda, Maryland
Founders
  • Dr. Michael Armani
  • David Jones
Headquarters Fulton, Maryland, United States
Key people

David Jones (President)

Dr. Michael Armani (CEO)
Number of employees
 25 (Oct 2014)
Website printm3d.com

M3D, LLC is an American manufacturer of 3D printers in Fulton, Maryland.[1] The company's flagship product is the Micro 3D or Micro.[2]

The company was founded by David Jones and Michael Armani, natives of Maryland and both graduates of the University of Maryland, College Park.[1] Armani has a Ph.D. in bioengineering and Jones has a computer science degree.[3]

Business model

Startup

Financing leading up to launch of M3D was obtained by the founders through personal finances amounting to US$150,000.[1] Subsequent funding for M3D was obtained through a Kickstarter campaign aimed at pre-sales of Micro units.[2] The price point for the Micro was US$299[nt 1] and the initial fundraising goal was US$50,000, which was reached 11 minutes after the campaign's launch;[2] the campaign went on to raise a total of US$3,400,000 through pre-sale of 11,000 units.[1]

In August 2016, M3D released a new 3D printer aimed at more experienced users named the M3D Pro. It ran on Kickstarter for 45 days until its conclusion on October 1, 2016 after raising over US$50,000.

As of May 2017, the M3D Pro had raised over US$960,000. It was announced as publicly available for purchase with a 2 week delivery time. The announcement also revealed the option of "Using a 750-micron nozzle to fuse plastic layers together with a stronger bond, M3D believe the structural printing mode to be unique." At the same time, M3D also announced a 2017 version of the original Micro 3D Printer, the Micro+, which differs by having an ARM-core processor, enabling double the print speed, and better third party software integration, according to one article. [4]

Consumer market

The company's business model is to address the consumer market with a low cost, small form, simple to program unit.[2] According to one report, 56,000 personal 3D printers were shipped globally in 2012 and the market is expected to grow to close to 2 million units by 2018.[1] The Micro was described in October 2014 as "one of the lowest-priced personal 3-D printers that you don't have to build yourself."[1] The form of the unit is a 7-inch cube weighing 2 pounds.[2] The initial Kickstarter price point of $299 has not been maintained, but increased to $349 by October 2014.[1][5] This low cost was achieved through reduction of "power consumption by a factor of 10 compared to professional 3D printers",[2] and the use of locally sourced, standardized electronics.[1]

Consumables Market

The company also produces 3D Ink (Filament) used in 3D printing,[2] including color changing 3D Ink which responds to temperature.[5]

In 2016 the company announced Tough 3D Ink, which "bonds seamlessly at full strength and can be as rigid or flexible as you want," and ABS-R 3D Ink, an alternative to ABS with less odor that "bonds "better, warps less, and doesn’t require a heated print bed." [6]

Operations

The company was founded in Bethesda, Maryland, but moved into new offices in Fulton, Maryland in late 2014.[1]

As of October 2014, M3D employed 25 people, with plans to multiply that number within a year.[1] As of October 2014, M3D employed 70 people, citing local hires to fill positions in customer/technical support teams, marketing/design, engineering, software development, and management teams. [7] Manufacture of the Micro units takes place in a plant in Howard County, Maryland which opened in October 2014.[1]

Corporate governance

As of its founding in 2013, Dr. Michael Armani held the post of ceo and David Jones held the post of president of M3D. [8]

See also

Notes

  1. ↑ The price point for the earliest investors was $199.

References

  1. 1 2 3 4 5 6 7 8 9 10 11 Hirsch, Arthur (18 Oct 2014). "Maryland company to open 3-D printer plant". Business. The Baltimore Sun.
  2. 1 2 3 4 5 6 7 Gilpin, Lyndsey (11 Apr 2014). "3D printer raises $1M in 24 hours, proves there is massive demand". Hardware. TechRepublic.
  3. ↑ Edwards, Te (8 Jan 2015). "Beta Versions of Kickstarter Monster "The Micro" 3D Printer Released for Testing". 3DPrint.com.
  4. ↑ Davies, Sam. "M3D announces official launch of M3D Pro and Micro+ 3D printers". TCT magazine. Retrieved 24 May 2017.
  5. 1 2 Waldman, Tyler (7 Nov 2014). "M3D is almost ready to ship its record-breaking 3D printer". Baltimore. Technical.ly.
  6. ↑ Scott, Clare (6 Jan 2016). "New Filaments from M3D Provide the Benefits of ABS and PLA without the Drawbacks". 3DPrint.com. Retrieved 24 May 2017.
  7. ↑ Parker, Michael (14 April 2016). "M3D Sees Record Growth in 2016 - Cites Benchmark Sales, Staff Expansion and Key Patent Awards". 3DPrint.com. Retrieved 24 May 2017.
  8. ↑ "Company M3D News, Employees and Funding Information, Fulton, MD". vbprofiles. 24 May 2017.

Further reading


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