industry digital printing founded 1989 ; 27 years ago 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 operating income us 29.01 million 2011 net income 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 . 1 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 . 2 contents 1 history 1.1 merger with objet 1.2 acquisition of makerbot solid concepts and harvest technologies 2 3d car production systems 3 urbee 4 see also 5 references 6 external links history edit 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 . 3 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 . 4 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 . 5 in 2003 stratasys fused deposition modeling fdm 6 was the best selling rapid prototyping technology . 7 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 . in 2007 stratasys supplied 44 % of all additive fabrication systems installed worldwide making it the unit market leader for the sixth consecutive year . 8 in january 2010 stratasys signed an agreement with hp to manufacture hp branded 3d printers . 9 in august 2012 the hp manufacturing and distribution agreement was discontinued . in may 2011 stratasys announced that they had acquired solidscape a leader in high precision 3d printers for lost wax casting applications . 10 in 2012 an unrelated project to produce a working firearm by 3d printing was intended to use a stratasys printer . stratasys refused to permit this and withdrew its license for use of the printer citing that it did not allow its printers to be used for illegal purposes . 11 12 in 2014 the israeli fashion designer noa raviv featured grid pattern centered couture garments which were created employing stratasys 3d printing technology . some selections from the aforementioned collection were exhibited in 2016 at the exhibition manus x machina at the anna wintour costume center at new york city s metropolitan museum of art. 13 14 merger with objet edit on april 16 2012 stratasys announced that it agreed to merge with privately held objet ltd. a leading manufacturer of 3d printers based in rehovot israel in an all stock transaction . stratasys shareholders were expected to own 55 percent of the combined company and objet shareholders would own 45 percent . the merger was completed on december 3 2012 ; the market capitalization of the new company was approximately 3.0 billion . 15 acquisition of makerbot solid concepts and harvest technologies edit on june 19 2013 makerbot industries announced that it was purchased by stratasys for 403 million . 16 on april 2 2014 stratasys announced that they had entered into definitive agreements to acquire solid concepts and harvest technologies which will be combined with redeye its existing digital manufacturing service business to establish a single additive manufacturing services business unit . 17 the acquisition was finalized on july 15 2014 . 18 3d car production systems edit in 2014 stratasys prototyped an electric car with fully 3d printed exterior panels and a few printed exterior panels . development took one year and parts were constructed using a stratasys objet1000 . 19 urbee edit urbee 20 is the name of the first car in the world car mounted using the technology 3d printing his bodywork and his car windows were printed . created in 2010 through the partnership with the canadian engineering group kor ecologic 21 it is a hybrid vehicle with futuristic look . 22 23 24 see also edit list of notable 3d printed weapons and parts list of 3d printer manufacturers digital fabricator open design alliance and . dwg stl references edit boik john 2004 . lessons from the greatest stock traders of all time . mcgraw hill professional . p. 24 . isbn 978 0 07 143788 2 . retrieved 2008 10 31 . hot growth companies stratasys profile . businessweek . retrieved 2008 10 31 . stratasy company history funding universe stratasys inc. nasdaq ssys announce an initial public offering of 1 200 000 shares of its common stock ; prnewswire 20 oct 1994 stratasys purchases ibm s rapid prototyping technology ; prnewswire 3 jan 1995 chee kai chua ; kah fai leong ; chu sing lim 2003 . rapid prototyping . world scientific . p. 124 . isbn 978 981 238 117 0 . retrieved 2008 10 31 . almost out of the woods . forbes.com . retrieved 2007 02 17 . wohlers terry 2008 . wohlers report 2008 . wohlers associates . stratasys and hp join forces to make 3d printers ; shapeways january 19 . 2010 stratasys acquires 3d printer maker solidscape . may 3 2011 . plans to print a gun halted as 3d printer is seized . bbc news online . 3 october 2012 . beckhusen robert 2012 10 01 . 3 d printer company seizes machine from desktop gunsmith . wired news . retrieved 2013 06 12 . http blog.stratasys.com 2014 08 28 noa raviv 3d printing fashion http www.dezeen.com 2014 08 21 noa raviv hard copy fashion collection grid patterns 3d printing http www.businesswire.com news home 20121203005480 en stratasys objet complete merger stratasys and objet complete merger ; businesswire december 3 2012 1 ; businesswire june 19 2013 2 ; marketwatch april 2 2014 3 ; cnbc.com july 15 2014 revolutionary new electric car built and tested in one year with objet1000 multi material 3d production system stratasys 3d printers build urbee first prototype car to have entire body created with an additive process kor ecologic tecmundo.com.br conhe a o urbee primeiro carro a ser fabricado com uma impressora 3d the urbee 3d printed car coast to coast on 10 gallons truthout 3d printed car creator discusses future of the urbee external links edit stratasys official site stratasys mojo desktop 3d printer print wizard software absplus urbee electric car urbee 3d printed car created with the 3d printing capabilities of stratasys . watch and learn about stratasys redeye on demand official site reseller in france official site retrieved from https en.wikipedia.org w index.php title stratasys & oldid 743838915 categories companies based in eden prairie minnesota3d printer companies1989 establishments in minnesotacompanies established in 19893d printers navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages italiano edit links this page was last modified on 11 october 2016 at 15 20 . text is available under the creative commons attribution sharealike license ; 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