3D Systems (NYSE:DDD) announced today that Avi Reichental has stepped down as President and Chief Executive Officer and as a Director of the Company, effective at the close of business on Wednesday, October 28, 2015, by mutual agreement with the Company’s Board of Directors.
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It’s not often you get the opportunity to witness rapid, life-impacting change, but for those of us who have been in the 3D printing industry over the last few decades, we have witnessed just that. In the last 20-plus years, 3D printing has changed the definition of manufacturing from merely “one-size-fits-all” to “customized” production and from “high-volume” to “high-complexity/low-volume”—a startling paradigm shift that has enabled many new applications for the manufacturing industry.
As the impact of additive manufacturing, or 3D printing, on business continues to surge, the need for career development in this rapidly growing industry is also rising.
With all of its accomplishments – including world’s largest defense contractor, and a presence in all 50 states and 70 countries – you might think Lockheed Martin (Bethesda, MD) would already have mastered additive manufacturing.
GKN Powder Metallurgy, the world leader in powder metallurgy, has joined forces with EOS, the global technology and quality leader in high-end additive manufacturing (AM), to lead the way in business-to-business industrial 3D printing.
“We expect to see the world machinery market grow in the next five years,” said Arun Kumar a director at AlixPartners in a discussion he and I had recently.
The past 12–18 months have been more exciting than any similar period in the history of additive manufacturing (AM), more commonly known as 3D printing.
General Electric Co. (Boston) intends to sell 10,000 3D printing machines in 10 years, building upon acquisitions it announced last year.
GE (NYSE: GE), the world’s leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (€549 million). The agreement allows for GE to take full ownership in a number of years.
Taking stock of a surprising and challenging 2016, a number of trends may point to a future where manufacturing output increases while continuing to decentralize.