Metal Additive Manufacturing technology company 3DEO, Los Angeles, California, USA, reports that it has shipped its millionth production part: a safety razor product for Blackland Razors. This achievement comes within less than two years of commercialising its patented AM technology in 2020.
“3DEO has been on an exponential growth curve for the last six quarters and we are already booking orders into 2023,” stated Matt Petros, the company’s CEO. “With over fifty customers in recurring mass production, our business model creates a strong foundation for future growth. We already have the bookings to more than triple revenue this year and we are expecting to triple again next year. All of this is possible because of 3DEO’s Manufacturing Cloud.”
To scale its patented metal AM machines for mass production, 3DEO built its integrated platform – the Manufacturing Cloud™. This platform integrates proprietary software, Additive Manufacturing, robotics, materials and process and is said to allow customers to launch and scale better products, faster. 3DEO’s cloud reportedly removes the time and risk associated with traditional product development; it is also solving some of the nation’s biggest supply chain issues.
3DEO states that its Manufacturing Cloud has scaled metal AM to unprecedented levels and, for the first time, is competing with traditional manufacturing methods such as CNC machining and Metal Injection Moulding (MIM), even in high production volumes. Working with leading companies in the medical device, aerospace, defence, automotive and consumer packaged goods industries, 3DEO’s average customer’s annual order quantity is reported to be over 20,000 parts per year. In addition, new customers expanded their order quantities over ten times within the first twelve months of working with the company.
Petros added, “Megatrends are converging to create a unique moment in time for manufacturing in America, including supply chain chaos, reshoring, accelerated adoption of 3D printing and the need for environmentally friendly manufacturing. Put all of this together and you have a perfect storm for 3DEO to lead a resurgence in American manufacturing. We’re at the centre of it all and scaling as quickly as we can to keep up.”