Markforged, a Boston-based industrial additive manufacturing company, has announced an exciting new addition to its FX10 machine. The company has developed the FX10 Metal Kit, which enables the machine to print with metal filaments, including a new stainless steel offering.
The FX10 machine was initially launched at the end of last year and had the capability to print composites, such as carbon fiber and adjacent materials like carbon-fiber-filled nylon. Markforged boasted that the parts printed using this machine were as strong as 6061-T6 Aluminum.
CEO Shai Terem emphasized the modular design of the FX10 machine, which allows for easy upgrades and the introduction of new innovations without customers having to buy an entirely new printer every year. In addition to the metal printing capabilities, Markforged regularly releases new software capabilities, ensuring that the FX10 machine continues to provide value on factory floors for years to come.
The world of metal 3D printing has seen some significant developments recently. One notable example is Nano Dimension’s acquisition of Desktop Metal. Interestingly, Desktop Metal had faced its own challenges, including staff cuts, prior to the acquisition.
Markforged also experienced some difficulties in the past year. The company was ordered to pay $17.34 million in April after being sued for patent infringement by Continuous Composites. However, the company remains optimistic about its future. Despite assessing the impact of the verdict on its business, Markforged is confident in its strong balance sheet, effective cost controls, and innovative product line, which will continue to drive the adoption of additive manufacturing on factory floors.
Furthermore, Markforged has set ambitious goals to reduce its annual operating expenses by up to $70 million. As part of this cost-cutting initiative, the company terminated the lease agreement on its headquarters.
Overall, Markforged’s addition of metal printing capabilities to the FX10 machine is a significant development in the field of additive manufacturing. With its modular design and continuous software updates, the company is well-positioned to provide ongoing value to its customers. Despite facing challenges in the past, Markforged remains focused and excited about the future, driving the adoption of 3D printing in the manufacturing industry.