AI
| Followers | 9 |
| Posts | 1597 |
| Boards Moderated | 1 |
| Alias Born | 01/27/2014 |
Wednesday, March 08, 2017 7:33:04 AM
Big Company, Bigger Goals
GE Additive Aims to Sell 10,000 3D Printers Over Next Decade
At all3dp.com - Big Company, Bigger Goals - GE Additive Aims to Sell 10,000 3D Printers Over Next Decade - March 7, 2017
The introduction:
GE Additive has announced an extremely ambitious goal to sell 10,000 3D printing machines over the next 10 years.
It can be argued that General Electric (GE) was one of the earliest adopters of additive manufacturing technology. The company first started using 3D printing in the ’90s with 3D printing pioneer Greg Morris, but strictly focused their use on prototyping purposes.
The company soon realized that they could develop intricate parts for jet engines using 3D printing technology. They found that this technology could efficiently reduce the amount of time and cost it took to complete complex parts.
But the Boston company’s most recent 3D printing endeavors prove that they are just getting started. Earlier this week, the manufacturing titan announced their goal to sell 10,000 3D printing machines over the next 10 years.
Over the last year, GE acquired a majority stake in two prominent European industrial 3D printer manufacturers, Arcam AB from Sweden and the German company Concept Laser. According to Tim Warden, the senior sales director of GE Additive, the ambitious goal will be accompanied by a large investment increase.
Now, GE seems focused on adapting Concept Laser’s 3D printing technology to go beyond prototyping and into large-scale production.
_______________________________________________________________
Is this part of the current plan?
Is being an activist investor necessarily a bad thing?
What is the primary role of Arcam's Board of Directors?
GE Additive Aims to Sell 10,000 3D Printers Over Next Decade
At all3dp.com - Big Company, Bigger Goals - GE Additive Aims to Sell 10,000 3D Printers Over Next Decade - March 7, 2017
The introduction:
GE Additive has announced an extremely ambitious goal to sell 10,000 3D printing machines over the next 10 years.
It can be argued that General Electric (GE) was one of the earliest adopters of additive manufacturing technology. The company first started using 3D printing in the ’90s with 3D printing pioneer Greg Morris, but strictly focused their use on prototyping purposes.
The company soon realized that they could develop intricate parts for jet engines using 3D printing technology. They found that this technology could efficiently reduce the amount of time and cost it took to complete complex parts.
But the Boston company’s most recent 3D printing endeavors prove that they are just getting started. Earlier this week, the manufacturing titan announced their goal to sell 10,000 3D printing machines over the next 10 years.
Over the last year, GE acquired a majority stake in two prominent European industrial 3D printer manufacturers, Arcam AB from Sweden and the German company Concept Laser. According to Tim Warden, the senior sales director of GE Additive, the ambitious goal will be accompanied by a large investment increase.
Now, GE seems focused on adapting Concept Laser’s 3D printing technology to go beyond prototyping and into large-scale production.
_______________________________________________________________
Is this part of the current plan?
Is being an activist investor necessarily a bad thing?
What is the primary role of Arcam's Board of Directors?
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
