3DEO reports 600% revenue growth in 2019

May 11, 2020

3DEO uses its patented Intelligent Layering® AM technology to manufacture a range of metal parts (Courtesy 3DEO, Inc)

3DEO, Inc., a metal Additive Manufacturing technology company based in Los Angeles, California, USA, has announced a 600% growth in revenues for 2019 over 2018. The company also reported a 394% increase in the number of additively manufactured parts shipped in 2019, with approximately 25% of parts being for aerospace, 35% for medical and 40% for defence applications.

The number of employees at 3DEO was also reported to have increased to sixty, up 172% compared to the twenty-two employees in 2018. AM machines used at 3DEO for part production were said to have increased by 566%. 3DEO’s printers are built with proprietary technology, specialised for serial production and manufactured in the USA.

“We are very proud of the growth that was accomplished over the last year,” stated Matt Sand, President of 3DEO. “It is clear that 2020 will be another record-setting year for 3DEO as our pace of adoption across all industries is accelerating. More than a metal 3D printing company, 3DEO is a solutions provider helping our customers tackle their most challenging manufacturing problems.”

The company started as an Additive Manufacturing business with its patented metal AM technology, Intelligent Layering®, at its core. However, in order to compete in high-volume traditional manufacturing, the company stated it evolved into a vertically integrated, next generation factory. This new business model allows manufacturers to gain the cost savings, design freedom, and manufacturing flexibility needed to compete – without having to incur millions of dollars for a metal AM machine and the supporting infrastructure.

Amidst a downcycle in manufacturing jobs in America, 3DEO reports that its new solution-focused business model is creating new jobs. High-tech production workers work with robotics and automation and its most noteworthy employee increase was in the R&D department. With over twenty-five engineers, 3DEO states it is continuously improving core processes and technology up and down the production line.

Sand added, “What’s more, almost every customer we are working with is using metal 3D printing in production for the first time. We are in the trenches with our customers, and our growth curve is a testament to the demand for these solutions. In the end, our mission is to do for manufacturing what Amazon’s AWS did for the internet by offering low-cost access to flexible, scalable, and world-class manufacturing infrastructure.”

Matt Petros, 3DEO’s CEO, commented, “We’re doing things in manufacturing that previously couldn’t be done. And we’re doing it by leveraging several enabling technologies that are converging right now in manufacturing – in a way that finally allows metal 3D printing to shift the serial production paradigm.”

www.3deo.co

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap