Stratasys is doing the buying and their Co-Founder and CEO Scott Crump will become chairman of the combined company, but the CEO is an Objet guy--David Reis. The board has four representatives from each company, so ... even though Stratasys bought, it sounds like both are surviving--for now, any way.
@A.Peeples: I agree with you completely. I think that the ability to consolidate sales and marketing arms and potentially leverage some internal R&D expenditures can help the combined companies--this one, Stratasys and Objet--and the other big merged player--3D Systems and ZCorp--really push the technology to the next level and get the price down on more consumer-friendly offerings. I think we are just at the tip of the iceberg of what's possible.
I for one think that it is fantastic that companies in this arena are merging. As you mentioned, this is a relatively new technology. Often, new technologies will spawn many small companies - all paying high overhead and incurring major expenses to bring their product to market. In our own company, we have been researching 3D printers but can't justify the high prices. Through university programs, I have gained extensive knowledge of the Objet line of printers and can attest that they create some of the finest quality "prints" - the resolution is incredible and the medium options are extensive. Many companies however, often can't justify the high expense of these systems - often in the 6 figure range (plus medium and maintenance). By merging companies and maturing the technology, prices are sure to come down and make this equipment much more commonplace in engineering, research, and design.
You stated in your article that the two companies will remain much as they were before. Still, I look forward to seeing any new products that they produce during the next few years. With what seems to be exponential growth in the quality and quantity of printers on the market, it is a very exciting time for this field.
Ann, this is a sign of a maturing industry. I am sure there are technology improvements ahead, but that will take larger scale. The devices are also getting larger and more capable. I saw one at a shop I thought was a toy. The case was wood, like an old pinball or pachinko machine. It works fine, but looks tentative, shall we say.
People also underestimate the cost and importance of marketing and distribution.
A middle school team from Rochester, Mich., has again nabbed the grand prize in the annual international Future City Competition, which drew students from 37 regions of the United States, as well as from England and China.
The word “smart” is becoming the dumbest word around. It has been applied to almost every device and system in our homes. In addition to smartphones and smart meters, we now hear about smart clothing and smart shoes, smart lights, smart homes, smart buildings, and every trendy city today has its smart city project. Just because it has a computer inside and is connected to the Web, does not mean it is smart.
Are you being paid enough? Do you want a better job? According to a recent survey Manpower released just before Engineers Week, employers and engineers don't see eye-to-eye about the state of US engineers' skills and experience.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.