|Revenue||$120 million (2011)|
Objet is one of the brands of Stratasys, a maker of 3D printers. The brand began with Objet Geometries Ltd, a corporation engaged in the design, development, and manufacture of photopolymer 3D printing systems. The company, incorporated in 1998, was based in Rehovot, Israel. In 2011 it merged with Stratasys. It held patents on a number of associated printing materials that are used in PolyJet and PolyJet Matrix polymer jetting technologies. It distributed 3D printers worldwide through wholly owned subsidiaries in the United States (Objet Geometries Inc), Europe (Objet Geometries GmbH), and Hong Kong. Objet Geometries owned 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 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.
The Polyjet matrix 3D printing technology uses simultaneous jetting of multiple types of modeling materials to create a single piece 3D model. 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.
In 2009, Objet's Alaris desktop 3D printer was recognized with the Plastpol Award at the annual plastics show in Poland.
- 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[dead link]
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