Shapeways

Shapeways Holdings, Inc.
Company typePublic
NYSE: SHPW (2021-24)
Industry
Founded2007; 17 years ago (2007)
Founders
  • Peter Weijmarshausen
  • Robert Schouwenburg
  • Marleen Vogelaar
DefunctJuly 2nd, 2024
FateBankruptcy and liquidation
Headquarters
New York City
Area served
Worldwide
Key people
Greg Kress (CEO)
RevenueIncrease US$33 million (2021)
Number of employees
152 (2021)
Websiteshapeways.com
Footnotes / references
[1]

Shapeways, Inc. was a global, 3D printing marketplace and service, publicly traded company. Users design and upload 3D printable files, and Shapeways prints the objects for them or others.[2][3] 3D printing resources are available for university students, faculty, and educators with an .EDU email[4]

Users can have objects printed in over 55 materials and finishes, these include: plastics, precious metals, brass and bronze.[5]

As of 2021, Shapeways has printed and sold more than 20 million objects.[6]

On July 2, 2024, Shapeways ceased fulfilling orders and filed for Chapter 7 bankruptcy.[7] The company’s executives all resigned and its assets were put up for liquidation the same day.[8]

On July 29, 2024, Manuevo BV, located in Eindhoven, acquired the assets of the bankrupt Shapeways BV. The company was founded by two original founders of Shapeways, along with the former management team, with the aim of revitalising the Dutch branch of Shapeways.[9][10]

History

[edit]
A 3D selfie in 1:20 scale printed by Shapeways, created by Madurodam miniature park from 2D pictures taken at its Fantasitron photo booth.

Early history

[edit]

Shapeways began as a spin-off of Royal Philips Electronics, the Netherlands in 2007. It was founded by Peter Weijmarshausen, Robert Schouwenburg and Marleen Vogelaar and the idea came forth at the Philips design department. The concept and venture plan was initially created in 2005 by Dolf Wittkämper within the `Philips Lifestyle Incubator` program which offers support for start-up companies with innovative ideas.[11][12]

In 2008 a service was launched that allowed customers to design their own 3-dimensional products through rapid prototyping by sending a CAD-file to the Shapeways website to 3D print.[13] Designers can also sell their own designs to be 3D printed on demand for customers, Shapeways handles the financial transaction, manufacture, distribution and customer service; profits go to the designer.[14]

Originally the rapid prototyping could only print using simple materials. Later nylon was added as a possibility. In 2009 it was made public that they succeeded in also manufacturing stainless steel. As of 2012 the scale and possible materials have been further expanded to include sterling silver,[15] acrylic, full color 3D printing and food safe ceramics.[16]

On October 19, 2012 Shapeways opened a new '3-D printing factory' in Queens, New York that could house 50 industrial printers and produce millions of consumer-designed products a year.[17]

The option now exist for consumers to adapt designs without prior knowledge of 3D design programming.[18] There are models which can be adapted real-time by uploading new text or pictures: so-called 'Creators'. There is also the possibility of participating in Co-Creator platforms in which consumers and designers work together to achieve optimal results. In July 2014, Shapeways announced a partnership program with Hasbro, Inc. to produce 3D printed models of characters from My Little Pony: Friendship Is Magic based on designs created by the adult fan artists from the show and approved by Hasbro. The approach has been seen as a way to lead into other licensed media productions from Hasbro and other Hollywood companies.[19][20]

On February 21, 2018, Shapeways named Gregory Kress as CEO, replacing Tom Finn.[21]

Recent history

[edit]

In 2018, Shapeways announced an agreement with Stratasys to provide entrepreneurs better access to 3D full-color printing using a variety of materials.[22] Since 2019, Shapeway has been able to produce PA-11, a material used in various industries such as aerospace, medical, automotive and more.[23] In 2019, Shapeways celebrated its 10 millionth printed part.[24] It produces up to 6,000 products daily and delivers to more than 130 countries.[25] In September 2019 Shapeways signed a partnership agreement with ZVerse, CADaaS platform, aiming to solve the problem of digital content creation.[26] CADaaS platform enables to optimize 3D files that don't meet required standards and even create new 3D models directly within the Shapeways website.[27] In 2020, Forward AM, BASF’s brand for high-performance materials and services for 3D printing, partnered with Shapeways to offer customers the ability to order 3D-printed items online made with Forward AM material.[28] In 2021, Shapeways announced having 3D printed over 20 million parts for more than 1 million customers in 160 countries.[29]

On April 28, 2021, Shapeways and Galileo Acquisition Corp. (NYSE: GLEO), a special-purpose acquisition company, entered into a definitive merger agreement for a merger transaction in which Shapeways will be acquired by Galileo. Upon closing of the transaction, the combined company will be named[30] Shapeways Holdings, Inc. and is expected to remain listed on the NYSE under the new ticker symbol, SHPW. The combined company will be led by Greg Kress, Shapeways’ Chief Executive Officer.[31] The company was de-listed from the NYSE in July 2024 following its bankruptcy.[32]

After the bankruptcy the Netherlands management team of Shapeways in collaboration with two of the original co-founders opened a new business named Manuevo in order to secure continuing service to the Shapeways clients and retain the dutch jobs. The Netherlands daughter company of Shapeways was a profitable entity, mostly unscathed by the troubles of the American company. The new company officially opened its doors on August 1, 2024 when it acquired the Dutch assets from the local Dutch trustee. Manuevo operates internationally.[33][34]

The assets from Shapeways Inc are still tied up in the bankruptcy process.

See also

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References

[edit]
  1. ^ "Shapeway Holdings, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 31, 2022.
  2. ^ Caleb Garling, "3-D Printers Will Build Circuit Boards 'In 2 Years'", Wired magazine, November 4, 2011
  3. ^ Daniel Terdiman, “Autodesk bringing 3D modeling to the masses”, Cnet, November 3, 2011
  4. ^ "Additional Additive Manufacturing Resources", Stanford Product Realization Lab
  5. ^ Nick Bilton, "With Help From Shapeways, You Can Print Your Dishes", New York Times, May 12, 2011
  6. ^ Listek, Vanesa (2021-02-18). "Shapeways 3D Prints Over 20 Million Parts Worldwide". 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing. Retrieved 2022-08-29.
  7. ^ InvestorPlace (2024-07-03). "Why is Shapeways Stock down 52% Today"". Business Insider. Retrieved 2024-07-03.
  8. ^ Davies, Sam (2024-07-03). "Shapeways ceases operations and files for bankruptcy". TCT Mag.
  9. ^ "Press Releases – Manuevo". manuevo.com. Retrieved 2024-09-27.
  10. ^ Griffiths, Laura (6 August 2024). "Manuevo acquires Shapeways' assets and takes over team and operations in Eindhoven". tctmagazine.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "The Shortest Path To Being Everywhere". SocialRadius. Retrieved 2014-03-04.
  12. ^ "Shapeways raises $5M and opens HQ in New York - Shapeways Blog on 3D Printing News & Innovation". Shapeways.com. 2010-09-23. Retrieved 2014-03-04.
  13. ^ "Nederlandse Shapeways start printen 3D-objecten | B R I G H T". Bright.nl. 2008-07-24. Retrieved 2014-03-04.
  14. ^ "Shapeways 3D Printing". Business Insider. 2012-12-19. Retrieved 2014-03-04.
  15. ^ Bruce Sterling (2011-03-10). "Spime Watch: Shapeways fabricating in silver | Beyond The Beyond". Wired.com. Retrieved 2014-03-04.
  16. ^ Trout, Christopher (13 May 2011). "Shapeways Glazed Ceramics make 3D printed objects you can eat off of". Engadget.com. Retrieved 2014-03-04.
  17. ^ [1], October 19, 2012, Dave Mosher, Popsci, retrieved at October 19, 2012
  18. ^ "Best 3D Modeling Software of 2021 (Some are Free)". 11 August 2021.
  19. ^ Harris, Elizabeth (2014-07-20). "Hasbro to Collaborate With 3-D Printing Company to Sell Artwork". New York Times. Retrieved 2014-07-20.
  20. ^ Alt, Eric (2014-07-21). "Bronies, Little Girls Rejoice: 3-D Pony Printing is Now Legal". Fast Company. Retrieved 2014-07-21.
  21. ^ "Shapeways hires new CEO to shape the future of 3D printing". VentureBeat. 2018-02-21. Retrieved 2018-02-21.
  22. ^ "Shapeways Teams Up With Stratasys to Offer Full-Color, Multi-Material 3D Printing to Customers". 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing. 2018-09-25. Retrieved 2019-07-16.
  23. ^ Davies, Sam (2019-03-28). "Shapeways announces availability of PA11 laser sintered parts". TCT Magazine. Retrieved 2019-07-16.
  24. ^ Griffiths, Laura (2019-03-29). "Leaders of the New School: The Shape of 3D Printing to come". TCT Magazine. Retrieved 2019-07-16.
  25. ^ Davies, Sam (2019-02-28). "Shapeways customers to have access to Carbon 3D printing technology". TCT Magazine. Retrieved 2019-07-16.
  26. ^ Vialva, Tia (2019-09-18). "Shapeways integrates Zverse software to accelerate 3D design solutions". 3D Printing Industry.
  27. ^ "CADaaS - 3D design solution introduced by Shapeways and ZVerse". Print Business info. 2019-12-13. Retrieved 2021-04-19.
  28. ^ Anusci, Victor (2020-07-23). "Forward AM partners with Shapeways » 3D Printing Media Network - The Pulse of the AM Industry". 3D Printing Media Network - The Pulse of the AM Industry. Retrieved 2021-03-30.
  29. ^ Listek, Vanesa (2021-02-18). "Shapeways 3D Prints Over 20 Million Parts Worldwide". 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing. Retrieved 2021-03-30.
  30. ^ www.sec.gov https://www.sec.gov/Archives/edgar/data/1784851/000110465921072445/tm2117636d1_425.htm. Retrieved 2024-02-01. {{cite web}}: Missing or empty |title= (help)
  31. ^ "Shapeways agrees SPAC merger with Galileo to go public". Reuters. 2021-04-28. Retrieved 2021-04-28.
  32. ^ "Shapeways ceases operations and files for bankruptcy". Rapid News Publications. July 3, 2024.
  33. ^ Peels, Joris (2024-08-06). "European Arm of Shapeways Saved by Dutch Senior Management". 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing. Retrieved 2024-09-27.
  34. ^ "Doorstart Shapeways". Boels Zanders (in Dutch). Retrieved 2024-09-27.

[1]

[edit]
  1. ^ "Forward AM partners with Shapeways » 3D Printing Media Network - The Pulse of the AM Industry". 3D Printing Media Network - The Pulse of the AM Industry. 2020-07-23. Retrieved 2021-03-30.
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