Public | |
Traded as | NASDAQ: SSYS |
Industry | Digital printing |
Founded | 1989 |
Founder | S. Scott Crump |
Headquarters | Eden Prairie, Minnesota, United States |
Key people
|
S. Scott Crump (Chairman) Illan Levin (CEO) |
Products |
3D printers Rapid prototyping solutions Direct digital manufacturing solutions |
Revenue | US$ 696.0 Million (2015) |
US$ 29.01 million (2011) | |
US$ 20.63 million (2011) | |
Number of employees
|
2800 (2015) |
Subsidiaries |
Objet Geometries FORTUS RedEye On Demand Dimension Printing Solidscape MakerBot GrabCAD |
Website | www.stratasys.com |
Stratasys, Ltd. is a manufacturer of 3D printers and 3D production systems for office-based rapid prototyping and direct digital manufacturing solutions. Engineers use Stratasys systems to model complex geometries in a wide range of thermoplastic materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC) and ULTEM 9085.
Stratasys manufactures in-office prototyping and direct digital manufacturing systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer product OEMs.
Stratasys was founded in 1989, by S. Scott Crump and his wife Lisa Crump in Eden Prairie, Minnesota. The idea for the technology came to Crump in 1988 when he decided to make a toy frog for his young daughter using a glue gun loaded with a mixture of polyethylene and candle wax. He thought of creating the shape layer by layer and of a way to automate the process. In April 1992, Stratasys sold its first product, the 3D Modeler.
In October 1994, Stratasys had an initial public offering on NASDAQ; the company sold 1.38 million shares of common stock at $5 per share, netting approximately $5.7 million.
In January 1995, Stratasys purchased IBM's rapid prototyping intellectual property and other assets and employed 16 former IBM engineers, who had been developing a small 3-D printer that relied on an extrusion system very similar to Crump's patented fused deposition modeling (FDM) technology.
In 2003, Stratasys fused deposition modeling (FDM) was the best-selling rapid prototyping technology. FDM is a process that the company patented, which is used to produce three-dimensional parts directly from 3D CAD files layer-by-layer for use in design verification, prototyping, development and manufacturing.