3D Systems
#8203
Rank
$234.63M
Marketcap
United States
Country
Dr. Jeffrey A. Graves Ph.D. (Pres, CEO & Director)
Dr. Charles W. Hull (Co-Founder, Exec. VP & CTO of Regenerative Medicine)
Mr. Andrew Martin Johnson (Exec. VP, Chief Legal Officer, Sec. & Chief Corp. Devel. Officer)
Summary
History
3D Systems was founded in Valencia, California by Chuck Hull, the inventor and patent-holder of the first stereolithography rapid prototyping system. Prior to Hull's introduction of SLA rapid prototyping, concept models required extensive time and money to produce. The innovation of SLA reduced these resource expenditures while increasing the quality and accuracy of the resulting model. Early SLA systems were complex and costly, and required extensive redesign before achieving commercial viability. Primary issues concerned hydrodynamic and chemical complications. In 1996, the introduction of solid-state lasers permitted Hull and his team to reformulate their materials. Engineers in transportation, healthcare, and consumer products helped fuel early phases of 3D Systems' rapid prototyping research and development. These industries remain key followers of 3D Systems' technology.
In late 2001, 3D Systems began an acquisitions program that expanded the company's technology through ownership of software, materials, printers, and printable content, as well as access to the skills of engineers and designers. The rate of 3D Systems' acquisitions raised some eyebrows with regard to the task facing the company's management team. Other onlookers pointed to the encompassing scope of the acquisitions as indicating calculated steps by 3D Systems to consolidate the 3D printing industry under one roof and logo, to become a comprehensive one-stop-shop capable of servicing each link in the scan/create-to-print chain.In 2003, Hull was succeeded by Avi Reichental. Both Reichental and Hull are listed among the top twenty most influential people in rapid technologies by TCT Magazine. Hull remains an active member of 3D Systems' board and serves as the company's Chief Technology Officer and Executive Vice President. In 2005, 3D Systems relocated its headquarters to Rock Hill, South Carolina, citing a favorable business climate, a sustained lower cost of doing business, and significant investment and tax benefits as reasons for the move.In May 2011, 3D Systems transferred from NASDAQ to the New York Stock Exchange . In 2012, a Gray Wolf Report predicted 3D Systems' rate of growth to be unsustainable, pointing to inflated impressions from acquisitions as a corporate misstatement of organic growth. 3D Systems responded to this article on November 19, 2012, claiming it to "contain materially false statements and erroneous conclusions that we believe defamed the company and its reputation and resulted in losses to our shareholders."In January 2014 it was announced that 3D Systems had acquired the Burbank, CA-based collectibles company Gentle Giant LTD. Gentle Giant Ltd. designs, develops, and manufactures three-dimensional representations of characters from a variety of franchise properties with worldwide name recognition, including Star Wars, The Matrix, Harry Potter, The Simpsons, Hellboy Animated, Disney Dragonkind, Animated Pirates of the Caribbean, Lord of the Rings, Red Star, Terminator, Charlie and the Chocolate Factory and Corpse Bride. Gentle Giant Ltd. produces a wide range of products including mini busts, statues, Bust-Ups, action figures, 12" figures and models.In July 2014, 3D Systems announced an acquisition of Israeli medical imaging company Simbionix for US$120,000,000.In September 2014, 3D Systems acquired the Belgian company LayerWise. The terms of the acquisition were not disclosed by the companies. The company is based in Leuven, a town in Belgium close to Brussels. It is a principal provider of services in the area of direct metal 3D printing and manufacturing. The company was a spin-off of the KU Leuven. The takeover added Belgium to the list of countries where 3D Systems has active locations.
In January 2015, 3D Systems acquired the 3D printer manufacturer botObjects, the first company to commercialize a full-color printer using the fused deposition modeling technique. botObjects was founded by Martin Warner and Mike Duma . botObjects created a desktop 3D printer for the consumer which used Fused filament fabrication to create full-color 3D printing. botObjects' proprietary 5-color CMYKW cartridge system could generate color combinations and gradients by mixing primary printing colors. There was some skepticism about botObjects' claims.In April 2015, 3D Systems announced it acquired the Easyway Group of companies in China, creating 3D Systems China. Easyway is a Chinese 3D printing sales and service provider with key operations in Shanghai, Wuxi, Beijing, Guangdong and Chongqing.In October 2015, Reichental stepped down as the president and CEO of 3D Systems, Inc. and was replaced, on an interim basis, by the company's Chief Legal Officer Andrew Johnson.On April 4, 2016, the 3D Systems board appointed Vyomesh Joshi as President and CEO.On May 14, 2020, the 3D Systems board named Jeff Graves as President and CEO, effective May 26.
Mission
Vision
Key Team
Mr. Menno Ellis (Exec. VP of Healthcare Solutions)
Dr. Joe Zuiker (Exec. VP of Engineering & Operations)
Mr. Reji Puthenveetil (Exec. VP of Industrial Solutions)
Dr. Brent Stucker Ph.D. (Chief Scientist & CTO of Additive Manufacturing)
Ms. Phyllis B. Nordstrom (Exec. VP, Chief People & Culture Officer and Chief Compliance Officer)
Mr. John E. Nypaver Jr. (VP of Investor Relations & Treasurer)
Mr. Michael Turner (Exec. VP, CFO & Principal Accounting Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/3D_Systems
https://in.investing.com/equities/3d-systems-corporation
https://finance.yahoo.com/quote/DDD/profile?p=DDD
https://www.comparably.com/companies/3d-systems/mission
https://www.crunchbase.com/organization/3d-systems
https://sec.report/CIK/0000910638
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Dr. Jeffrey A. Graves Ph.D. (Pres, CEO & Director)
Dr. Charles W. Hull (Co-Founder, Exec. VP & CTO of Regenerative Medicine)
Mr. Andrew Martin Johnson (Exec. VP, Chief Legal Officer, Sec. & Chief Corp. Devel. Officer)