- Reshaping the multi-trillion dollar global manufacturing market by digitizing the end-to-end manufacturing process
- Proven, high quality flexible digital manufacturing services delivering 24M+ unique parts to over 1M end customers in more than 180 countries
- Strong enterprise manufacturing customer growth with attractive economics
- Differentiated digital manufacturing software platform that enables other manufacturers to digitize their operations
- Path to profitability driven by accelerating software adoption and scaling enterprise manufacturing solutions
- Experienced and highly invested management team with strong investor support led by blue chip venture capital funds Andreessen Horowitz, Lux Capital, Union Square Ventures and INKEF
Shapeways’ Strategy
Expand Materials Offering. Our materials portfolio has historically been focused on polymers. We will continue to expand our polymers offerings while adding capabilities in industrial metals, composites and ceramics. We believe that by expanding our materials capabilities and offering a comprehensive and innovative materials portfolio, we will be able to unlock additional opp’s in key markets such as industrial, medical, automotive and aerospace.
Build a Diverse, Global Customer Base. Our customers today include businesses of all sizes, ranging from small and medium enterprises to Fortune 500 organizations, and span many industries, including aerospace, robotics, consumer products, architecture, gaming, jewelry and medical devices. We have historically served customers based largely in North America and Europe, but we believe there is considerable opp. to expand into other markets, including Asia, in particular, given the significant levels of manufacturing output in countries such as China, Japan, South Korea, Taiwan, Vietnam and India. We aim to leverage our supply chain partners globally to help us serve customers in areas in which we currently do not have a geographic footprint. As we continue to add customers, we may consider adding our own manufacturing capabilities to serve customers outside of North America and Europe.
Expand Within and Beyond Additive Manufacturing. We will continue to expand our reach within additive manufacturing through new hardware and expanded materials capabilities. We also plan to expand into other digital manufacturing technologies such as computer numerical control, injection molding and sheet metal, all of which are generally suited to complex, low-volume part production. As our customers scale in volume, they often graduate into these traditional methods; therefore, we believe adding these capabilities will allow us to capture a larger portion of customer spend and grow with our customers’ needs. We plan to leverage our strategic outsourced supply chain partners to support these manufacturing capabilities while we focus our internal manufacturing capabilities on additive manufacturing.
Further Commercialize Software Offering. We believe there are opp’s to expand revenue from our software offering. We launched the first phase of our software offering to third-party manufacturers under the brand OTTO in the fourth quarter of 2021 and plan to roll out further phases of this software over the next several years. Additionally, as a complement to our software strategy, in April 2022 we acquired MFG and MakerOS, which we believe will also help accelerate OTTO’s phased rollout and drive additional revenues.
Target Strategic M&A and Partnership Opp’s. The manufacturing industry is highly fragmented, with many traditional and additive manufacturers focused on specific geographies, end-markets, hardware technologies and materials. However, many of these manufacturers have not implemented software to fully digitize their manufacturing process and complete their digital transformation. We plan to grow inorganically by continuing to acquire companies that we believe can help us accelerate our in-vest-ment in new hardware, materials, and finishing capabilities, as well as new geographies and vertical markets. We believe our expertise in both software and manufacturing makes us well positioned to evaluate such opp’s as they become available.
Shapeways’ Competitive Strengths
High quality, flexible on-demand manufacturing with proprietary purpose-built software. Our manufacturing platform adjusts to customers’ needs to optimize for speed, cost and quality. Our platform is designed to be highly configurable to meet the needs of our customers and suited for industrial-grade, high quality, low-volume, complex one-part production at scale. We offer high quality, flexible on-demand manufacturing services to deliver finished end parts to our customers in days instead of the weeks or months that are generally required by traditional manufacturers.
Platform scalability and quick adaptability to market shifts. We do not depend on the success of any one hardware provider, manufacturing technology, or materials vendor. Our software is designed to be highly configurable and integrate easily with new hardware technologies and materials allowing us to adapt and shift in response to market changes. We expect to continue adding new hardware providers, manufacturing technologies and materials. We believe that we will benefit from innovation in hardware and materials across the additive manufacturing market, which will allow us to offer even more materials to our customers.
Enabling platform adoption across customer types and industries. Our customer base is diversified across sizes, industries and geographies. Unlike hardware providers, we have the opp. to capture business from small to medium sized manufacturers that are unlikely to in-vest the capital required to deploy and support their own digital manufacturing capabilities.
Experienced management team with strong in-vest-or support. Our leadership team has decades of category and operational experience, including our engineering, sales and manufacturing teams. We have a proven history in successfully operating and scaling businesses with experience in both technology and manufacturing. In-vest-ors with deep domain expertise have supported our business, providing resources and knowledge in the development of our end-to-end digital manufacturing platform and underlying software.
Company Launches “MFG Materials” In Move To Make Markets More Accessible With Cost Savings
Shapeways Announces MFG Materials Launch
New feature has potential for 100% ROI for customers
NEW YORK, August 07, 2023–(BUSINESS WIRE)–Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its expansion of software service offerings with the launch of MFG Materials. This new service provides a range of raw materials to manufacturers at discounted rates, reinforcing MFG’s role as a comprehensive partner in the manufacturing sector.
Through strategic partnerships and negotiations with top-tier raw materials vendors, Shapeways is providing an average of 15% off list prices on the MFG Materials platform, with discounts varying based on material and quantity ordered.
“We’re committed to supporting our manufacturers. With the launch of MFG Materials, we’re taking a practical step toward helping them save on raw material costs,” said Greg Rothman, GM of Software for Shapeways. “Depending on the volume, suppliers can realize a sound return on in-vest-ment by purchasing their raw material inventory through us.”
The industrial global raw materials market is vast and diverse, and plays a vital role as a significant contributor to the US and global economies. Specifically, the global market for industrial raw materials including aluminum, iron/steel, and plastics exhibits strong growth trends:
- The aluminum market–valued at USD $169.8Bn in 2021–is projected by Precedence Research to reach USD $277.5Bn by 2030.
- According to MarketsandMarkets, the iron and steel market size–valued at nearly USD $1.6Tn in 2022–is projected to reach USD $1.9Tn by 2027.
- Global plastics–valued at USD $609Bn in 2022–is projected by Grand View Research to see a steady CAGR of 4.0% from 2023 to 2030, driven by rising plastic consumption in various sectors.
Against this backdrop, Rothman highlights the value proposition of the MFG Materials platform:
“The growth trajectory of the industrial materials market is impressive. This presents immense opp’s, and MFG Materials is designed to help our customers tap into this opp-ortunistic market. We are not only making these markets more accessible, but also enabling significant cost savings through our economies of scale. This boosts competitiveness and pro-fit-ability for manufacturers, fueling growth in the U.S. manufacturing sector.”
MFG Materials is immediately available to all current premium subscribers. With this launch, Shapeways is also introducing a low-cost monthly membership option, which is ideal for manufacturers who only want access to MFG Materials.
Shapeways Secures Multi-Million-Dollar Medical Contracts Realizing a 3X growth within its medical base in the past 4 years
NEW YORK, July 25, 2023–(BUSINESS WIRE)–Shapeways, Inc. (NYSE: SHPW), a global leader in the digital manufacturing industry, announced today the expansion of its medical customer base within its Enterprise Manufacturing Solutions business by securing two significant contracts. These strategic partnerships should generate revenue of approximately $2.5 million annually during the next three years.
As an FDA contract manufacturer, Shapeways is a key driver of innovation in the medical sector. Their work enables medical clients to realize significant growth by delivering high-quality, customized products within days through its additive manufacturing services. Shapeways’ diverse medical client base includes, but not limited to providers of customized orthopedic solutions, patient-specific surgical guides, and unique sleep aids.
“By segmenting data from DICOM images, we enable the creation of highly personalized medical aids and devices through additive manufacturing. These tools increase precision in surgical settings and drastically improve patient outcomes,” said Greg Kress, CEO of Shapeways. “The ability to produce patient-specific medical devices at high volumes with exceptional quality is a key market differentiator–and our superpower at Shapeways.”
Shapeways collaborates with its medical customers to tailor manufacturing solutions that support their business growth. This includes creating clean-room environments, offering custom packaging options, and providing dedicated equipment for products headed for medical use. These processes minimize the risk of product contamination, enhance the patient experience, and contribute to improved patient outcomes.
“We actively seek to collaborate with organizations that drive medical innovation,” said Aidan O’Sullivan, GM of Enterprise Solutions for Shapeways. “The beauty of 3D printing is it fits so well in this space, allowing us to adapt in design and production, and respond to custom medical needs quickly and accurately providing unprecedented opportunities in personalized healthcare.”
Looking ahead, Shapeways is poised to tap into new medical markets within South America, Asia, and the Middle East. Shapeways’ investment in medical technology goes beyond just business growth, showing a deep commitment to helping other companies address long-standing medical challenges through innovation—delivering unique, patient-specific solutions.
Shapeways to Transfer Listing to Nasdaq
Common stock ticker symbol to remain “SHPW”
NEW YORK, July 20, 2023–(BUSINESS WIRE)–Shapeways Holdings, Inc. (NYSE: SHPW) (“Shapeways” or the “Company”), a leading global platform for 3D printing and digital manufacturing, today announced its decision to transfer its listing to The Nasdaq Global Market (“Nasdaq”) from the New York Stock Exchange. Shapeways expects its common stock and warrants to list on Nasdaq at the open of business on August 1, 2023, under the symbols “SHPW” and “SHPWW”.
“We are excited to move to Nasdaq and join many of the world’s leading technology companies as Shapeways continues to push the boundaries of digital manufacturing and software solutions,” said Greg Kress, CEO of Shapeways. “This move should allow us to benefit from Nasdaq’s cost-effective offering, while also providing us with a platform to expand our market presence, reach a broader investor base, and accelerate our growth trajectory. This transition reflects our commitment to innovation, customer success, and shareholder value creation.”
“We are glad to welcome Shapeways to the Nasdaq family and look forward to supporting their continued growth and focus on shareholder value,” said Karen Snow, Global Head of Listings at Nasdaq.