|Revenue||$120 million (2011)|
Objet Geometries Ltd is engaged in the design, development and manufacture of photopolymer 3D printing systems. The company is based in Rehovot, Israel and was incorporated in 1998. They hold patents on a number of associated printing materials that are used in PolyJet and PolyJet Matrix polymer jetting technologies.
The company distributes 3D printers worldwide through wholly owned subsidiaries in the United States, Europe, and Hong Kong. Objet Geometries owns more than 50 patents and patent pending inventions.
Objet was founded in 1998 by Rami Bonen, Gershon Miller and Hanan Gotaiit. In September 2000 it announced the completion of a second private placement, securing it $15 million at a post-money company value of $36 million. Participants in this round were the Templeton Foreign Fund, private investors from Europe and the United States and Scitex Corporation, which acquired an initial 18.7% stake in the company, which was subsequently increased. In June 2005, Scitex sold all its interest, then standing at 22.9%, to the other shareholders of Objet for $3.0 million in cash.
Merger with Stratasys
On April 16, 2012 Objet announced that it agreed to merge with privately held Stratasys, a leading manufacturer of 3D printers; in an all-stock transaction. Stratasys shareholders were expected to own 55 percent and Objet shareholders were expected to own 45 percent of the combined company. The merger was completed on December 3, 2012 the market capitalization of the new company was approximately $3.0 billion.
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The Polyjet matrix 3D printing technology uses simultaneous jetting of multiple types of modeling materials to create a single piece 3D model. Measured by global sales, the process is the leading platform for high-resolution 3D printing. PolyJet is used by automotive, electronics, consumer goods, medical development, and clothing manufacturers, as well as for creating 3D models for use in movies such as Coraline.
The Eden line of 3D Printing Systems and the Alaris30 3D desktop printer are based on the PolyJet technology. The Connex family of 3D printers is based on PolyJet Matrix technology, which jets multiple model materials simultaneously and creates composite Digital Materials on the fly. All Objet systems use FullCure polymers.
Objet owns more than 50 patents and patent pending inventions:
Objet Geometries has partnered with SolidWorks to interface their computer-aided design software with Objet’s Connex500 system. The co-developed software add-in allows significantly more control over end to end modelling preferences.
- Scitex Announces Investments in Objet Geometries, BUSINESS WIRE -June 28, 2000
- Scitex to Sell its Holdings in Objet Geometrie, PRNewswire, 24 May 2005
- Stratasys and Objet Complete Merger; BusinessWire, December 3, 2012
- Frost & Sullivan Honors Object Geometries with Annual Excellence Award
- for Alaris30 Plastpol 2009.pdf Plastpol Award
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- Andreas Gebhardt (2003). Rapid Prototyping. Hanser Verlag. ISBN 978-1-56990-281-3.
- Paulo Jorge Bártolo (2007). Virtual and Rapid Manufacturing. Routledge. ISBN 978-0-203-93187-5.
- Weiyin Ma; Patri K. Venuvinod (2003). Rapid Prototyping: Laser-Based and Other Technologies. Berlin: Springer. ISBN 1-4020-7577-4.