Essentium Research Shows Change Management a Priority for Additive ManufacturingMarch 20, 2020June 16, 2020 | The Essentium TeamShare Essentium Research Shows Change Management a Priority for Additive ManufacturingProcurement and finance teams behind in the race to deploy additive manufacturingOrganizational functions need to acquire new skills to reap additive manufacturing rewards AUSTIN, Texas, March 20, 2020 – Essentium, Inc., a leading innovator in industrial additive manufacturing, today announced the third in a series of findings from independent global research on the current and future use of industrial 3D printing. The study reveals that when it comes to adapting company operations to support large-scale 3D printing, there is a sizable gap between business functions that are thriving and those facing stumbling blocks with this organizational change. According to 3D printing stakeholders, design (62%) and engineering (61%) groups are experiencing the most success in adopting 3D printing at scale, while procurement (29%), and finance (26%) are struggling to achieve success.As additive manufacturing moves mainstream, it not only rewrites the economics of production, it heralds a new era in manufacturing that will impact design, time-to-market, design cycles, customization, supply chains and pricing. However, reaping the rewards will require transformation in business processes from finance to procurement, training, design and engineering and beyond.Even the most experienced teams such as procurement and finance need to acquire new skills to fully unlock the benefits of additive manufacturing. While design is the most critical area of 3D printing and typically more adaptable in its efforts to support large-scale 3D printing, they are also the functional area requiring the most change. More than half (55%) of companies report they need to increase designer expertise in order to scale production of 3D printed parts. Other key organizational changes include evolving procurement strategies and processes (45%), changing mindsets of production teams (38%), redesigning supply chains (37%), and developing trusted TCO and ROI models (36%). A handful of participants also reported in some “other” challenges like difficulty with time, familiarity, and the customer mindset.Essentium and its partners are focused on helping customers embrace this change by delivering an open ecosystem that ensures greater control of innovation, more choice in materials, and industrial-scale production at ground-breaking economics. The company is also partnering to provide all the planning, installation, training and support necessary to help customers accelerate the shift from prototyping to industrial-scale additive manufacturing.Blake Teipel, Ph.D., CEO and Co-founder of Essentium, said: “The bottom line is that additive manufacturing has the potential to dramatically transform manufacturing and profoundly impact the future of manufacturing. In this new world, companies have an obvious choice: either keep pace or get left behind. We are working closely with teams across organizational functions to ensure they have the skills and processes to leverage 3D printing to their advantage now and into the future.” Survey Methodology:162 managers and executives from large manufacturing companies across the world completed the survey on their current experiences, challenges and trends with 3D printing for production manufacturing. Participants included a mix of roles and were from companies across industries including aerospace, automotive, consumer goods and contract manufacturing.About EssentiumEssentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials enabling the world’s top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing.Media Contact: Debbie@RaineMakers.comMedia Materials: Essentium3D.com/Press-Room Share
Essentium Research Shows Change Management a Priority for Additive ManufacturingProcurement and finance teams behind in the race to deploy additive manufacturingOrganizational functions need to acquire new skills to reap additive manufacturing rewards AUSTIN, Texas, March 20, 2020 – Essentium, Inc., a leading innovator in industrial additive manufacturing, today announced the third in a series of findings from independent global research on the current and future use of industrial 3D printing. The study reveals that when it comes to adapting company operations to support large-scale 3D printing, there is a sizable gap between business functions that are thriving and those facing stumbling blocks with this organizational change. According to 3D printing stakeholders, design (62%) and engineering (61%) groups are experiencing the most success in adopting 3D printing at scale, while procurement (29%), and finance (26%) are struggling to achieve success.As additive manufacturing moves mainstream, it not only rewrites the economics of production, it heralds a new era in manufacturing that will impact design, time-to-market, design cycles, customization, supply chains and pricing. However, reaping the rewards will require transformation in business processes from finance to procurement, training, design and engineering and beyond.Even the most experienced teams such as procurement and finance need to acquire new skills to fully unlock the benefits of additive manufacturing. While design is the most critical area of 3D printing and typically more adaptable in its efforts to support large-scale 3D printing, they are also the functional area requiring the most change. More than half (55%) of companies report they need to increase designer expertise in order to scale production of 3D printed parts. Other key organizational changes include evolving procurement strategies and processes (45%), changing mindsets of production teams (38%), redesigning supply chains (37%), and developing trusted TCO and ROI models (36%). A handful of participants also reported in some “other” challenges like difficulty with time, familiarity, and the customer mindset.Essentium and its partners are focused on helping customers embrace this change by delivering an open ecosystem that ensures greater control of innovation, more choice in materials, and industrial-scale production at ground-breaking economics. The company is also partnering to provide all the planning, installation, training and support necessary to help customers accelerate the shift from prototyping to industrial-scale additive manufacturing.Blake Teipel, Ph.D., CEO and Co-founder of Essentium, said: “The bottom line is that additive manufacturing has the potential to dramatically transform manufacturing and profoundly impact the future of manufacturing. In this new world, companies have an obvious choice: either keep pace or get left behind. We are working closely with teams across organizational functions to ensure they have the skills and processes to leverage 3D printing to their advantage now and into the future.” Survey Methodology:162 managers and executives from large manufacturing companies across the world completed the survey on their current experiences, challenges and trends with 3D printing for production manufacturing. Participants included a mix of roles and were from companies across industries including aerospace, automotive, consumer goods and contract manufacturing.About EssentiumEssentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials enabling the world’s top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing.Media Contact: Debbie@RaineMakers.comMedia Materials: Essentium3D.com/Press-Room
Lewis Simms January 12, 2024Nexa3D Completes Acquisition of Essentium Adding High-Speed Extrusion to Its Powerful Additive Manufacturing PortfolioAcquisition broadens capabilities, adds super polymer expertise, and democratizes access to industrial, health and government customersVENTURA, CA, January 12th, 2024 – Nexa3D, the ultrafast 3D printing leader, announced the successful completion of its acquisition of Essentium, a distinguished manufacturer of high-speed extrusion (HSE) 3D printers and materials. Nexa3D has rapidly emerged as an industry leader in industrial 3D printing, offering revolutionary production solutions to businesses across various sectors. Renowned for its ultrafast 3D printers, which span from desktop to factory floor sizes, Nexa3D’s cutting-edge technology has redefined the possibilities of 3D printing production, enabling unparalleled productivity, accuracy, and material versatility. With over 1500 systems worldwide, Nexa3D’s printers have become the preferred solution for high-throughput production applications. Read More
The Essentium Team November 6, 2023Nexa3D Announces Intent to Acquire Essentium; Adds High Speed Extrusion to its Product PortfolioAcquisition would broaden capabilities, expand addressable markets, and diversify revenues for the fast-growing 3D printing company. Nexa3D, the ultrafast 3D printing leader, has taken a significant step in staking its leadership position in the industrial additive manufacturing space by signing a letter of intent to acquire Essentium, a prominent manufacturer of HSE 3D printers and materials, widely adopted for high requirement, precision applications in aerospace, military, and defense. With this acquisition, Nexa3D would add high-speed extrusion (HSE) to its current product portfolio. Read More
The Essentium Team October 17, 2023Essentium and KVG Rapid 3D Printing Collaboration Strengthens Ukraine’s Defense Response Essentium®, Inc., a leading innovator of industrial additive manufacturing (AM) solutions, has joined forces with KVG®, an internationally recognized mission support provider, to provide Ukraine with 3D printing solutions, training, and manufacturing tools. These 3D printing capabilities enable rapid, on-demand production of mission-critical parts and components in the field of conflict. Read More
