LOD, Israel, July 2, 2024
/PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a
leading provider of industrial 3D printing systems, has
signed a strategic cooperation agreement with Sika Deutschland GmbH
("SIKA"). Under this agreement, SIKA's materials will be printed
for the first time on Massivit's 3D printer, the Massivit 10000,
and marketed under joint branding starting in the second half of
2024.
Massivit estimates that the cooperation with SIKA will
increase the number of potential customers, the use of printers,
and the consumption of printing materials. Additionally, this
partnership will help the company penetrate additional markets
through the diverse range of materials available from SIKA.
Erez Zimerman, CEO at
Massivit: "Our strategic cooperation with SIKA, renowned for their
high-quality materials, marks a significant milestone for Massivit.
In the 3D printing industry, high-quality materials are essential
for penetrating new markets. This collaboration with SIKA, a global
leader in its field, will help us reach a new potential customer
base as well as offer our existing customers the best available
materials for 3D printing."
The agreement details the cooperation between the companies,
regulating the joint branding, production, supply, and sale of
printing materials, and it stipulates, among other things, the
following:
- The printed materials will be branded and marketed under the
brand names SikaBiresin®CIM and MASSIVIT.
- Massivit will sell & market the co-branded materials for
use with its Massivit printers.
- The printers using these materials will be branded with the
logo "Powered by SikaBiresin®".
SIKA is a global Swiss conglomerate founded over 100 years ago.
It is listed on the Swiss Stock Exchange with an estimated market
value of approximately 40 billion Swiss
Francs and an annual sales volume of approximately
11 billion Swiss Francs. SIKA
operates in the construction and waterproofing industry and is
engaged in the development and production of various materials for
industrial applications including composite materials - a market
that Massivit is penetrating.
The Massivit 10000, based on "Cast in Motion" technology, offers
rapid printing of molds and tools using specialized materials
suited to diverse industries. To date, this technology has been
adopted by the automotive, marine, advertising, and entertainment
industries, to name a few. The collaboration with SIKA will expand
the range of printable materials using the Massivit 10000, helping
customers shift from traditional methods to modern 3D printing
solutions.
www.massivit3D.com | info@massivit.com | T. +972-8-6519486
The signing of this agreement coincides with significant company
business development activities that have taken place in recent
months, such as sales of printers to leading companies worldwide in
various sectors:
- Japanese company Tsujikawa purchased a Massivit 10000
printer. This is the third purchase of a Massivit printer by this
customer that previously purchased two Massivit 1800 printers.
Tsujikawa operates in the marketing and advertising
markets.
- Bombardier, a Canadian manufacturer of business jets,
purchased a Massivit 1800 printer. Bombardier will use this printer
to produce prototypes and interior parts for its Aviation
Division.
- Navistar, one of the largest truck and bus manufacturers
in the USA, owned by the
Volkswagen Group, purchased a Massivit 5000 printer.
Additionally, the company successfully launched the Massivit
3000 printer, capable of printing large objects quickly and at a
competitive entry price. This will enable the company to attract
more potential customers from the advertising and marketing
industry that previously may not have been able to afford to adopt
Massivit's technology due to the cost of its printers.
The Massivit 3000 printer was launched during
drupa, the world's largest international printing
industry exhibition. It generated significant interest, and as a
result, the company received 15 new orders during the exhibition,
which the company intends to supply by the end of 2024.
About Massivit 3D Printing Technologies
Massivit 3D Printing Technologies is a pioneer in large-volume 3D
printing solutions for the automotive, marine, rail, furniture, and
advertising markets. The company's solutions enable the
cost-effective production of molds and models at unprecedented
speed, utilizing industrial materials. Its vision is to shift the
production of large objects from traditional and outdated methods
to digital manufacturing through rapid 3D printing while using
industrial materials. The company was founded in 2013 by a team of
experts led by Gershon Miller,
founder of Objet Geometries. The company's headquarters is in Lod,
Israel, where it serves the global
markets through an extensive network of distributors.
For additional information, please
contact:
Avi Cohen
VP Global Sales & Marketing
Massivit
Email: avi@massivit.com
Yafit Sulimani
Senior Marketing Team Leader
Massivit
Email: yafit.sulimani@massivit.com
For investor relations enquiries, please contact:
Miri Segal Scharia
CEO
MS-IR LLC
Email: msegal@ms-ir.com
+1 917-607-8654
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SOURCE Massivit 3D Printing Technologies Ltd.